Economic Adjustment Quotes

In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary gains of competitiveness.

It’s much better than shutting down trade to help people adjust to the effects of trade.

If workmen become scarce, the manufacturer gives higher wages, but at first requires an encrease of labour; and this is willingly submitted to by the artisan, who can now eat and drink better, to compensate his additional toil and fatigue.

China should cut heavy industries' share in gross domestic output by 9 percentage points between 2013 and 2030 to meet its pollution cuts target.

I will not accept a new wave of fiscal retrenchment, of belt-tightening, without asking people at the top to make their contribution, to make an additional contribution. I don't think you can ask people on middle and low incomes, who, after all, are the vast majority of the British population, to bear the brunt of this adjustment.

We will watch very carefully what is happening in the economy and adjust policies appropriate.

A study of the history of wages back through the years indicates clearly that when the cost-of-living rises appreciably wages have shortly been adjusted upward also.

War and peace type products... cannot be added into a national product total until the differences in the valuation due to differences in the institutional mechanisms that determine their respective market prices are corrected for.

The Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means.

We have no choice but to make our local government fit the size of our local economy. We must all bear our share of the pain.

If we are to garner sustained U.S. domestic support for future trade agreements, we have to make sure those Americans who have suffered as a consequence of past agreements have an effective social safety net, adjustment assistance, opportunities for retraining and new job creation that enables all Americans to thrive.

Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained.

After the First World War the economic problem was no longer one of production. It was the problem of finding markets to get the output of industry and agriculture dispersed and consumed.

Government spending clearly needs some adjusting. But a budget is a statement of our priorities, and balancing our spending on the backs of our nation's seniors is not the right approach.

The economic and technical capabilities of the established societies are sufficiently vast to allow for adjustments and concessions to the underdog.

To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.

I think the Greek people, although it is difficult and challenging and the politics of it I know are not good, should appreciate the fact that in this global economy, the Greek economy was going to have to go through some structural reforms.

The best performers in Europe are those who use their welfare states to help people adjust to change.

I am quite happy to take a cut. You've got to, if you want to work and continue working.

I'm just trying to get used to living on a fixed income. Now, it's going to get unfixed.

It's just so unfortunate that, as we get adjusted to this global economy, that the U.S. is even thinking about building walls.

For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date.

In order to address world economic imbalances, countries around the world should make joint efforts to adjust their economic structure.