Примери за използване на Internal devaluation на Английски и техните преводи на Български
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The terminology that is now popular in the Eurozone for that process is internal devaluation.
The evidence suggests internal devaluation does not provide a sound basis for growth.
With the notable exception of tourism,which benefited from internal devaluation.
One reason why internal devaluation was expected to work was the belief that the labour market is particularly flexible.
That is, to reduce their government spending drastically by so-called internal devaluation.
In absence of national currencies, internal devaluation is a key strategy for adjustment of price levels within a currency union.
Instead of devaluing their currency vis-à-vis the Euro, they kept the fixed exchange rate andpursued a drastic internal devaluation through cuts in wages, pensions and social provisions.
The impact of internal devaluation on pay levels in Latvia Internal devaluation was regarded as a key pillar of the Latvian adjustment.
Likewise, a rapid deflation in prices and wages,known as an“internal devaluation,” would lead to five years of ever-deepening depression.
Internal devaluation has clearly not been an effective route to increasing international competitiveness despite all the neo-liberal claims to the contrary.
To support its recovery, while being part of the euro area, Spain had to undergo an internal devaluation through lower salaries coupled with more flexible labor laws.
So not only does the internal devaluation approach fail to lift competitiveness, it locks in a low productivity path, which undermines increases in real living standards.
In the third quarter of 2008 we had to take a very tough decision- whether to leave the peg with the euro andstart devaluation or to keep the peg and introduce an internal devaluation.
If in the name of competitiveness and internal devaluation you just compress wages constantly, you also kill demand and you can kill the recovery," Andor said.
In the absence of the currency devaluation option,euro area countries attempting to regain cost competitiveness have to rely on internal devaluation(wage and price containment).
This, in turn, creates the need for more internal devaluation, further heightening the debt burden, and so on, in a vicious spiral downward into depression.
Part of the austerity logic is that to increase employment and maintain both stable inflation and external balance, a nation has to reduce unit labour costs orin the modern terminology engage in so-called internal devaluation.
Consequently, rising prices during the first programme slowed down the internal devaluation process which prevented Greece from improving its external competitiveness.
Internal devaluation worked through the adjustment of the wages of the newly hired 173 Internal devaluation was a key element of macroeconomic strategy in three countries(Latvia, Ireland and Portugal).
Source: ECA, based on a study by Andrejs Semjonovs, Alf Vanags and Anna Zasova,What happened to wages in Latvia's‘internal devaluation'?, Baltic International Centre for Economic Policy Studies.
If in the name of competitiveness and internal devaluation you just compress wages constantly, you also kill demand and you can kill the recovery," European Employment Commissioner Laszlo Andor told Reuters.
He thinks that the measures undertaken by the Greek authorities so far are a real miracle, that no other country can undertake butthe expected result is not achieved- internal devaluation- reduction of wages and prices.
Until August cheap nimotop“If in the name of competitiveness and internal devaluation you just compress wages constantly, you also kill demand and you can kill the recovery,” European Employment Commissioner Laszlo Andor told Reuters.
They must convince their constituents that using public money toprovide sweeteners for debt restructuring and to recapitalize the banks is essential to the internal devaluation strategy that they insist their neighbors follow.
Internal devaluation was a key element of macroeconomic strategy in three countries, where a set of policies was devised to restore international competitiveness by focusing mainly on reduced labour costs.
Issues that could be further investigated include:(a) impact of the measures to regain competitiveness,such as internal devaluation;(b) social impacts and burden sharing of the adjustment programme; and(c) sequencing of adjustment measures.
The Commission defines internal devaluation as policies aiming‘to reduce domestic prices either by affecting relative export-import prices or by lowering domestic production costs and thereby yielding a real exchange rate depreciation.'.
The previous reform program, which our partners are so adamant should not be“rolledback” by our government, was founded on internal devaluation, wage and pension cuts, loss of labor protections, and price-maximizing privatization of public assets.
Part IV- Programmes met their objectives 69 174 In Latvia, internal devaluation worked mainly by affecting the pay of newly hired workers, while the salaries of incumbent workers in the private sector hardly declined at all.
Each of the eurozone countries being involved in a bailout programme(Greece, Portugal, and Ireland) was asked both to follow a programme with fiscal consolidation/austerity, andto restore competitiveness through implementation of structural reforms and internal devaluation, i.e. lowering their relative production costs.