Sentences with phrase «become significant waves»

Not exact matches

Attempts to export its excess savings can only lead to one of three outcomes: A) global growth rises because Europe's savings are all directed at developing countries with significant infrastructure investment needs and insufficient capital, B) global growth drops sharply, global unemployment rises, and China's adjustment becomes all but impossible, C) international trade and capital flows collapse in a repeat of the 1930s, so that Europe is forced to resolve its savings imbalance either by a massive increase in unemployment or a wave of sovereign defaults.

As society becomes more connected, cultural «fashions» like this can grow swiftly, and even in prior generations their passing waves could do a huge amount of damage within a short time (significant factor in WW2).