Sentences with phrase «financialmarket liberalisation»

«Importantly, the free trade agreement will ensure that the Australian wine industry does not fall behind the liberalisation achieved by its major competitors South Africa and Chile in their deals with the US.»
And it comes across to many reform - minded people inside China, as well as outsiders, as a step backwards in China's apparent path towards liberalisation of its economy, business and social framework.
When Chinese regulators talk of liberalisation, western cynics shrug.
We have seen in our own case how liberalisation of financial markets has led to pressures to liberalise product markets (through ongoing tariff reductions and other forms), to bring more competition in the provision of infrastructures (such as transport, communications and power generation), and to free up the labour market (through, for example, enterprise - based wage bargaining).
A fuller discussion of Australia's experience with capital account liberalisation can be found in Debelle G and M Plumb (2006), «The Evolution of Exchange Rate Policy and Capital Controls in Australia», available at < http://www.mitpressjournals.org/doi/pdf/10.1162/asep.2006.5.2.7 >, Asian Economic Papers, 5 (2), pp 7 — 29.
Most observers of the Australian (and others») experience with financial liberalisation have concluded that: (i) ideally, good risk management practices — including hedging — would be established before full liberalisation, so as to mitigate subsequent risks to financial stability; but (ii) it was difficult to develop such practices until entities were actually exposed to some risk; and (iii) as a result, a somewhat disruptive period of learning by your own mistakes was inevitable.
(i) Does the concerted, global regulatory reform agenda mean that there is now more scope than in the past for sound risk management practices to be set up prior to full liberalisation?
The major banks tended to scale back their regional presence, in response to the cost pressures on them after the events of the early 1990s, and the changing economics of branch banking which became apparent as financial liberalisation proceeded.
(ii) If so, what does this imply for the pace of liberalisation for some less advanced economies in the region?
Financialmarket liberalisation and privatisation, for example, have fostered entrepreneurship and investment.
Key policy directions have been trade liberalisation and a move away from the formerly rather regulated and centralised structure of wage determination.
The Stock Connect can be an important landmark for China's capital account liberalisation process.
In 1997, HD Deve Gowda, then head of a weak, eight - month - old coalition government, had assured the world of the reforms road that India had committed itself to — his speech was to be followed within a month by Finance Minister P Chidambaram's pathbreaking «Dream Budget», which set an enduring benchmark for economic reforms and liberalisation.
The emphasis on infrastructure marks a departure from the traditional APEC focus on trade and investment liberalisation.
Facing slowing economic growth and sharp currency and share losses, Beijing has prioritised near - term stability over longer term market liberalisation.
Contributing to this performance has been a program of economic liberalisation, including increased openness to foreign trade and investment, financial sector deregulation and a more prominent role for the private sector.
In addition, and partly as a result of financial liberalisation, the 1980s saw an unsustainable boom in business credit associated with rapid increases in asset prices, particularly commercial property.
These countries may want to contemplate Chilean - style capital controls (price - based aimed at short - term flows) and to moderate the pace of financial liberalisation, to keep in step with the pace of development of financial infrastructure.
However, it also reflects the consequences of ongoing trade liberalisation, and changing demand for final goods and factor inputs as economies develop.
Coincidental or not, the conclusion of the TPP sends a signal to the US that both Canada and Mexico are committed to trade liberalisation at a time when the Trump Administration is beating the protectionist drum.
But a more over-riding reason is the awareness by its government that, as a result of its economic liberalisation, it has to create about 20 million jobs per year just to absorb the exodus of workers from the countryside.
One could say, I'm complaining about the gradually liberalisation of Christian ethics.
The neo-monetarist credo imposed by the United States since 1971, the complete adhesion to «market forces» (which George Soros defined as «market integration») and the consequent ripples, throughout the world, of liberalisation, deregulation and privatisation measures - have devastated politics, weakened the representative democratic institutions and colonised the state.
The financial markets which have resulted from liberalisation, deregulation and financial globalisation, have their own time - frame which is not that of the value - creation process and less still creation itself, with the slow - downs, or, worse, the interruptions in the returns process.
The liberalisation of the movement of capital since 1974 has greatly facilitated the recycling of «dirty money» - from the sale of drugs and arms through to that generated by white collar criminality - in legalised tax havens and, thanks to banking secrecy, through the financial and industrial organisations otherwise respected in countries «of excellence» reputed for their professionalism and democratic institutions.
More recently we have seen the globalisation and liberalisation in economic policies which create a new culture that destroys indigenous communities and traditional values.
However, she said that «her spirit fought to live» and now firmly opposes any liberalisation of the law.
A liberalisation of contractor laws could provide the federal government with a much - needed win in the Senate, with key independent senator and former building industry tycoon Bob Day a long - time advocate of independent contracting.
They can speed up trade liberalisation by delivering gains faster than through multilateral or regional processes.
A bigger market stemming from trade liberalisation increases the rewards for greater efficiency, productivity and innovation.
To some extent, it is more of the same: continue the substantial trade liberalisation of the past three decades.
The push for drug liberalisation comes as part of a global trend toward a more liberal stance on narcotics, following half a century of expensive and broadly ineffective efforts to wipe out the drug trade.
The privatisations, the enterprise zones, deregulations and liberalisations of state industries and welfare public services are examples where Thatcherites attempted to withdraw the presence of the state.
Admissions for drink related problems to one London hospital rose from nearly three per cent a month before 24 - hour drinking to eight per cent a month after the liberalisation.
Most resulted in massively improved services to consumers - especially where liberalisation and competition were introduced and the Treasury was not too rapacious.
The CSU officially opposes any kind of cannabis liberalisation in its Bayernplan: «Zero tolerance for drugs.
It focused on cultural experiences and attitudes — hostility to the rules and regulations of social liberalisation, national pride and racial prejudice and wrapped an appeal to economic experiences within it: Britain would be better off economically because Britain is great; freeing ourselves of fussy and politically correct regulation would release economic energy; stopping immigration would mean there's more money to go around.
However, rather than implying a swift liberalisation of illicit drugs, Sefatian suggested another direction: re-introducing the cultivation of plants such as poppy and cannabis under state supervision; legalisation of cannabis and opium use under specific circumstances outlined by ad hoc laws, for instance, only in private places and for opium — as he told me — only for people above a certain age.
In The Netherlands, the christian right, as represented by the Reformed Political Party, has among their major issues to oppose any liberalisation for Sunday opening of stores.
The need for a new and broader agenda for the liberalisation of trade and investment is more broadly acknowledged.
The starting materials for a new model are to hand in the charges brought against trade liberalisation.
Romney Republicanism is therefore a variant of a minimalist, nomocratic conservatism aiming to restore the idea of the social minimum (reversing the enlargements added by the Obama Administration); the depoliticisation of swathes of American society (i.e. deregulation, desocialisation, liberalisation and debureaucratisation) and shrink the size of government in economic affairs.
Ever since the 1940s, The challenge has been to balance core rules and liberalisation on a basis that is effective and visibly sustainable.
On a positive note his liberalisation efforts, which include finally allowing woman to drive and promises to shift towards a more moderate Islam, are a much - needed step in the right direction for a Kingdom where extreme and reactionary implementations of Islamic laws have for far too long restricted and repressed the basic rights and freedoms of its people.
Marshall laid down conditions including that the Europeans were to receive the American cash in return foragreeing an unprecedented degree of mutual cooperation and economic liberalisation.
While both Volksparteien have been opposed to cannabis liberalisation, and stay silent on the issue in their party programs, [i] the smaller parties are a more outspoken on the issue, with Die Grünen, FDP and Die Linke supporting cannabis liberalisation and the AfD fervently opposing it.
With the continued expansion of the Murdoch media empire projected for the coming years, the likelihood of further media liberalisation towards Fox news - style political discourse in the UK & the likes of Dan Hannan waiting in the wings, the Left should be cautious in welcoming such arguments to the mainstream political conversation so soon.
But despite uncertainties, there is little doubt that in the current times when China is also considering further liberalisation of its capital account, IIAs will continue to play an important role in China's economic diplomacy in the years to come.
Yet, he was not a strong proponent of economic liberalisation, but rather believed in the state playing a strong role in the economy.
Isn't a justified liberal response to this that if you have evidence that gun liberalisation in your society would lead to more not less gun crime, than gun control is a legitimate liberal response?
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