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It leads to misallocations -- and will ultimately reduce prosperity around the world.
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It has reduced prosperity.
But, Ms. Luther says, this shift can be achieved without reducing prosperity.
They say this can be done without reducing prosperity so long as different economic models are followed.
Austerity that leads to reduced investments in children will reduce posterity's prosperity.
Later, however, raids by desert tribal groups reduced their prosperity.
Other ruins show that in the Byzantine period Al-Khārijah's inhabitants became Christian, but raids by desert tribes reduced its prosperity.
If a group of countries imposes infant-industry protection, it will split up the market; each country may end up with small-scale, localized, inefficient production, thus reducing the prosperity of all of the countries.
In the north the ancient ports of Berbera and Seylac, much reduced in prosperity and importance, were now controlled by Somali nomads, and the position of the old ports of Marca, Baraawe, and Mogadishu was very similar.
Barring the experience of some Asian countries where rapid growth in national income has coexisted with high levels of perceived corruption (China, Vietnam), evidence suggests that corruption slows down or even reduces economic prosperity in a vast majority of economies around the world.
This drop significantly reduced the prosperity of aboriginal tribes, forcing many aborigines to take up farming to counter the economic impact of losing their most vital food source.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com