The uncertainty caused by volatile redevelopment policies, absence of trust between local government and villagers, long-time reliance of villages on land leasing income, and high transaction costs to achieve consensus among villages serve as key barriers to redevelopment.
Mr Bremmer predicts a "pushback" against such powerful agents from governments, and volatile market and policy consequences.
Still, the fund cited significant risks of weaker growth and greater inflation and unemployment "arising from uncertainties surrounding sovereign turmoil in parts of the euro area, head winds from fiscal policy, volatile commodity prices and the housing market".
Still, the fund cited "significant risks to inflation, growth, and unemployment arising from uncertainties surrounding sovereign turmoil in parts of the euro area, headwinds from fiscal policy, volatile commodity prices, and the housing market".
Though Mr. Bernanke did not take sides on the most volatile questions of fiscal policy — whether to cut military spending, change entitlement programs like Medicare and raise personal income tax rates — he did offer lawmakers some suggestions.
The plan, which Gov. Eliot Spitzer unveiled with little warning in September, has triggered widespread opposition and injected into the normally sedate off-year elections volatile debates over immigration policy and terrorism.
Political scientists [4, 5, 6, 7] argue that a new politics of the welfare state has emerged that builds on cross-class volatile coalitions and makes policy change harder to predict.
Anger is a volatile ingredient in foreign policy with global ramifications.
The stock market has become more volatile this year as Fed policy makers have started reducing their economic stimulus, and investors have fretted whether the economy is strong enough to maintain its recovery without the central bank's support.
In the United States, Mr. Obama rarely talks about Cuba policies, a volatile subject, particularly in vote-rich Florida with its influential anti-Castro Cuban-American population.
