The massive country's new
economic adjustments in decreased coal use and new energy sources such as nuclear, wind and solar power are largely responsible for the drop.
The breadth of approach prevents him from settling for what other politicians might take to be adequate:
purely economic adjustments and technological solutions.
Nearly every country in modern history that I can think of that has had very high debt levels, and has also had high savings rates (in most cases substantially exceeding investment), has subsequently had a very difficult debt -
constrained economic adjustment in which GDP growth has dropped to close to zero, or even gone negative, as the country struggled to get its debt under control.
However, Fischer et al. (2002b) suggest that, taking into
account economic adjustment, global cereal production by 2080 falls within a 2 % boundary of the no - climate change reference production.
These studies provide hard data for the Fed to
make economic adjustments, but they can also be a great gauge for real estate investors.
Under this scenario, growth drops steadily during
the economic adjustment period, but in an orderly way for over a decade or more as Beijing slowly gets credit growth under control.
Thus, the employer's total cost of hiring labour should not be significantly increased after all of
the economic adjustments have taken place.»
«The projected decline is largely attributed to China's decreased coal use, driven by
its economic adjustment,» Corinne Le Quéré, a report author and the director of the University of East Anglia in Norwich's Tyndall Centre for Climate Change Research.
However I have not found very much research addressing the reasonable question of whether current climate models provide the high accuracy that a rational person should agree is needed to justify large scale social and
economic adjustments.