Within America, by contrast, cost imbalances are resolved less painfully, because workers are willing to move from depressed states to where jobs are more plentiful.Portugal's ballooning trade deficit in the late 1990s was a symptom of declining competitiveness and the economy has yet to recover from the subsequent bust.
In conclusion, wrestling with symptoms of decline, Conrad reaffirms his obsession.
Residents encounter symptoms of decline on every street, from collapsing infrastructure to violent crime.
Its income per head is now 43% of those same 16 rich economies; it trails Chile and Uruguay in its own back yard.The political symptoms of decline are also clear.
And it is hard to disagree with their underlying analysis: "For almost a century, the UK has deluded herself, first into believing that the days of global dominance will return, then into thinking that the symptoms of decline can be relatively easily tackled".
But though America does not show many of the symptoms of decline that Europe does, it increasingly shares a problem that lies behind the euro zone's difficulties: division.Many European politicians like to reach for technical explanations for the new populist parties and the angry protests shaking their union, notably the core that uses the euro.
But he also saw species as stable entities, as the aging process leading to species deaths produces only subtle changes in such features as reproductive vitality: [the changes] "that take place in the animal machine and that are the symptoms of decline of the species, do not produce a large change in structure, what would be a true metamorphosis".
Grand challenges and gross inefficiencies are not symptoms of decline -- they are problems waiting to be solved, opportunities for the next generation to achieve success as innovators and entrepreneurs.
However, Hildesheimer, while also expressing concerns, concludes that if Mozart's death at the age of 35 was caused by the exertions of his childhood, the intervening decades would not have been so productive, and obvious symptoms of decline would have manifested themselves.
The ash trees sampled were alive but showed obvious symptoms of decline in response to A. planipennis colonization.
