Falling copper prices, the oil crisis, and failed economic management in the 1970s led to shortfalls and severe economic crisis in Zambia by the early 80s, instigating a nationwide famine and forcing the government to borrow massive amounts of money and commit to extreme IMF
economic reforms which led to anti-government riots and the devaluation of the kwacha.
Mr Walker also refuted claims that the UK's Brexit transition period which ends in 2020 will include austere
economic reforms which would trickle down to job cuts and trimmed funds for development projects in Ghana.
It went up on the prospect of
economic reforms which now seem a lot less likely, and yet it is still limping upward.
Not exact matches
Furthermore, it is important that we not get too distracted by the stimulus debate and work together to promote an agenda for long - term
economic growth for the country,
which should include
reform of a tax system that has grown out of control, finalizing trade agreements, kickstart a lagging regulatory harmonization agenda and ensuring young Canadians have the skills to compete in a global market place.
Germany,
which enacted its labor
reforms more than a decade ago, when
economic growth in the rich world was much stronger than it is now, is home to an organized labor culture that is less combative than in places like Italy or France.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of
economic conditions in the industries and markets in
which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock,
which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in
which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax
reform enacted on December 22, 2017,
which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in
which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Without comprehensive immigration
reform,
which President Barack Obama estimates could lead to an expansion of up to $ 250 billion in
economic output, this effort marks the latest in a patchwork of initiatives proffered by the administration.
Japanese Prime Minister Shinzo Abe has touted it as an engine of
economic reform, as well as a counter-weight to a rising China,
which is not a TPP member.
China's central bank and
economic policymakers understand that capital account liberalization will be a powerful stimulus for
reforming China's financial markets,
which in turn, should strengthen China's economy.
He held a meeting with acting U.S. Secretary of State John Sullivan on Saturday during
which the United States pledged its backing for Kiev but urged it to implement
economic reforms, a U.S. representative said.
Chinese president Xi Jinping is set to deliver a keynote speech Tuesday (April 10) at this year's gathering, in
which he will give «the most authoritative interpretation» on China's 40 years of
economic reforms and opening up,
Macron's
reforms to cut housing taxes paid by the French middle class could lead to further growth in demand that should drive further strong loan growth in the mortgage area,
which is already benefiting from the improving
economic backdrop.
US business groups: «The U.S. Chamber is very concerned about the increasing prospects of a trade war,
which would put at risk the
economic momentum achieved through the administration's tax and regulatory
reforms,» Thomas Donohue, CEO of the US Chamber of Commerce, said in a statement.
This seems very counterintuitive at first, even if the history behind it is quite abundant, and very few economists seem aware of the problem (
which is why most
economic forecasts mistakenly focus on the pace with
which reforms are likely to be implemented, and are always disappointed), but in fact the reasons are not so hard to understand.
Mr Rittenberg, Mao's former interpreter, says that promoting a single popular figure may have been a deliberate strategy of the party elite, in the hope that such a politician could more effectively carry out the difficult
economic and social
reforms which Mr Xi says are needed.
It will also tell us how successful Beijing's new leadership will be in consolidating power and forcing the kinds of
economic and financial
reforms on
which most economists now agree, but
which are likely to be politically difficult.
But the
economic risks going forward are «skewed to the downside,» the International Monetary Fund said in a new report, in
which it urged Saudi Arabia and other oil exporters to press on with
reforms.
The US
economic expectations,
which are stimulated by the tax
reform, have improved particularly significantly.
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.
As a result of
economic reforms, the Chinese have allowed the yuan,
which floats in a very tight predetermined band vs USD, to loosen.
The kingdom has vowed to implement widespread
economic reforms in a bid to reduce its huge dependency on oil,
which accounts for as much as 90 % of government revenues.
Long seen as an unwelcome environment for foreign investment and as a difficult country in
which to do business, India's
economic reforms and stellar growth are gradually becoming known in Canada.
The robust growth in the Philippines is widely attributed to President Benigno Aquino III's
economic reforms, favourable fiscal management and strict anti-corruption campaign
which earned the country several rating upgrades by major credit rating agencies to investment grade last year and kicked off a remarkable inflow of foreign direct investment.
As of last week, tax - exempt government bonds hit a four year high, with many investors believing that the recent tax
reform and an expected rising interest environment will push bond pricing even higher, offering a very attractive
economic option for yield starved investors — many of
which in recent years have had to increase risk capital allocations to generate reasonable outcomes.
Our initial, high - level review shows more
economic stimulus and potentially stronger equity - market support than indicated in our current forecasts,
which we made after the House passed its version of tax
reform in November.
If the
economic reform measures in India have therefore been sponsored by a tiny, though exceptionally powerful and influential, minority
which is pursuing them to safeguard and promote its own narrow interests, they are unlikely to be of benefit to the bulk of the people, in spite of claims that they are not only necessary and inevitable, but also in the national interest.
This leads to the negation of the earlier concepts of education as laid down in the Constitution of India
which put priority to «promote with special care the educational and
economic interests of the weaker sections of the people» and to the development of «scientific temper, humanism and the spirit of inquiry and
reform» in every citizen.
The range of Muslim activists» viewpoints —
which range from advocating socio - political -
economic reform to seeking violent revolutionary action — presents a challenge of terminology.
Phillips argues that meaningful
economic reform (such as that
which occurred in the 1830s under Andrew Jackson's leadership, in the progressivism of Theodore Roosevelt and in Franklin D. Roosevelt's New Deal) is the only effective means of combating such cynicism.
What has to be avoided at all costs, in other words, is a blueprint for social
reform which in the end favors only one group in society in its quest for greater
economic and political self - determination.
The liberal optimism,
which largely had abandoned the concept of sin and believed that the world could be put right by education and social and
economic reform, was challenged by Karl Barth, Emil Brunner (1889 - 1966) and other continental European theologians.
Unless, that is, our essentially middle - class life style is challenged by the poverty and oppression
which is the lot of most of humankind, and we confront the hard truth that the issue is not
reform of the welfare system, no matter how much that is needed, but the end of a capitalist
economic order
which increasingly divides the world into those who have and those who have not.
Their second stint in power has disappointed international business periodicals such as The Economist and the Financial Times as well as much of the English - language press in India,
which complains periodically that
economic reform in India has more or less stalled since 2004.
This, the Indians were convinced, was an earnest of our decision not to scuttle Asia; it was the indispensable prerequisite for programs of social and
economic reform on
which, with our help, others hoped to embark.
The long U.S.
economic expansion of the 1990s has done more than lower domestic unemployment rates (
which was especially valuable during a time of welfare
reform, because it enabled large numbers of recipients to move off welfare into jobs).
This patience,
which is complemented by a gritty determination to see real legal and
economic reforms take hold, is all the more striking in that Ukraine must confront daily the cultural and social deterioration created by the sad reality of Homo Sovieticus: men and women who grew up under a brutal political system that was built on falsehoods, that maintained itself through terror, and that taught everyone that trust in another human being can be very costly.
Here in Houston, over 80 % of our students rely on free or reduced price federal school meals and it was precisely that issue of
economic dependency
which led to my interest in school food
reform in the first place — and to the inception of this blog back in 2010.
There are also policy actions
which we have to take - investment climate
reforms to improve business and
economic competitiveness, focus on developing MSMEs, deepening long term savings through pensions, insurance and sovereign savings, land
reform to eliminate constraints in time and cost around land transactions (including a review of the governor's consent requirement), and actions to reduce inflation, interest rates and business operating costs.
Economic stability within a
reformed EEA,
which recognised the legitimate concerns of non-EU countries over open - ended migration from the EU, could provide either an interim or a permanent status for the UK in 2019.
This is bad news for China as it has long valued global
economic stability within
which to pursue its own
reform agenda, but is particularly worrisome now as the country grapples with difficult choices over how to develop «new engines of
economic growth».
Understanding these internal political dynamics also raises interesting questions about
which Western foreign policy strategies are likely to be most effective in encouraging
economic reform within China.
The details of Governor Cuomo's
economic plan,
which includes both tax
reform and a new infrastructure fund, were released today with support from Assembly Speaker Sheldon Silver and Senate Majority Leader Dean Skelos.
Meanwhile, in the Senate,
which is controlled by Republicans, the Finance Committee voted to move on another
reform bill that would add more oversight to the state's
economic development project contracting process.
But while
economic efficiency and social justice arguments for wealth taxation are important, analysis of the political context in
which progressive policymakers have to make the case for
reform is often missing.
So Nick Clegg and David Cameron have had a conversation in
which they've agreed to «explore further proposals for a programme of
economic...
reform».
Then there's school
reform —
which is not just an
economic imperative, but also a matter of social justice.
Liberals have criticized Obama and his staff for moving to the middle and bargaining on healthcare
reform, as well as the financial regulatory overhaul and even the $ 787 billion
economic stimulus package,
which some liberals said should have been larger.
Committee backers have received over $ 1 billion in
economic development subsidies from an out - of - control and unaccountable system
which the Cuomo administration has declined to
reform.
Cohen supports the Business Council's Enough Already NY campaign's Five to Survive
economic reform agenda
which includes: a property tax cap; a state spending cap; reducing the tax burden;
reforming public employee pensions and limiting government borrowing.
The Governor's message was astutely deferential to Upstate's need for
economic growth, meanwhile Cuomo also avoided triggering the tripwires of controversy on education and the environment (
which provided Zephyr Teachout with opening to garner a third of the 2014 Democratic primary vote); Cuomo advanced strong measures around election law
reform and on the criminal justice front vis a vis Bail
reform, as well as the Dream Act and MWBE all of
which registered positively with minority voters.