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Germany resists structural reforms in its underdeveloped services sector that would generate more domestic demand in the longer term.
It is the key factor in a youth unemployment rate that stands at 8.2%, according to EY. Cllr Kevin Maton, the head of education and skills at Coventry city council, said: "We've always had an underdeveloped services sector.
This is the only way to bring down payroll taxes for good and thus to reduce the tax on jobs without running an ever widening budget deficit.The government could also do the economy a favour by speeding up privatisation and further deregulating the underdeveloped services sector.
On the other hand, an underdeveloped services sector opened up scope for horizontal FDI.
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An underdeveloped service sector also offers opportunities long since exploited in more advanced markets.
Activating the economically inert group would pay multiple dividends: it would spur growth, channel immigrants into the labour market and, some economists believe, give a fillip to the underdeveloped service sector, easing Germany's dependence on exports.
Whittall also finds alluring non-Internet plays in Japan's grossly underdeveloped service sector.
It is well known that Germany has an underdeveloped service sector, parts of which are hidden in a shadow economy that is estimated to account for up to one-sixth of GDP (Schneider, [2003]).
In recent years, there has also been a surge in bringing ultrasound technology to many countries with underdeveloped medical services, or countries with limited resources to purchase more expensive CT or MRI equipment.
This finding reflected the decline of family support and underdeveloped dementia services in China.
Multiple factors contribute to low cure rates, treatment failures, and relapses: poor-quality guidance regarding treatment, HIV co-infection, transmission of resistant forms of TB, underdeveloped laboratory services, and unavailability of alternative drug treatments.
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CEO of Professional Science Editing for Scientists @ prosciediting.com