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They have poured money into wasteful infrastructure projects and kept broken state-owned enterprises (SOEs) afloat.
Belt-tightening was necessary to curb excessive credit expansion, a gaping current account deficit and wasteful infrastructure spending, Mr. Neiss said.
An efficient level of infrastructure-based competition is the extent of infrastructure duplication at which investors can reasonably be expected to make a fair return based on reasonable expectations about the evolution of market shares.
They were aimed at speeding up sales, avoiding gazumping and the wasteful duplication of surveys by potential buyers.
This functional gap results in wasteful duplication of work as users implement topes that other people have already created.
So maintaining separate trading operations in lots of exchanges represents hugely expensive, wasteful duplication.
President Obama has pushed to cancel the rival engine, made by General Electric and Rolls-Royce, saying it was an example of the wasteful duplication he wants to eliminate.
In a complex world a simple intervention from a single agency is seldom enough to make lasting change, and we can't afford wasteful duplication.
But Mr. Gates and other officials have said that the cost of finishing the second engine could amount to wasteful duplication.
The real problem is the way in which this money is spent — for example, the wasteful duplication of weapons procurement programs.
Instead of weeding out wasteful duplication, the two banks will continue to compete, even where they have branches side by side.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com