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Nevertheless , Murphy added in an exchange of e-mails that there is an unmistakable resistance on American campuses to treating the study of international institutions seriously , just as the globalization of everything from the economy to diseases seizes public imagination . Given our limited experience with telemedicine to date , these costs and savings , and their distribution throughout the economy , cannot be estimated accurately . If , as a result of the Agreement , Australian businesses increase access to US capital sources , the potential reduction in the cost of capital and increased investment has beneficial flow-through effects throughout the economy . If the economy were based on mom and pop shops that pay minimum wage , you would have a point . The withdrawal of government from the economy has led to greater disparities in incomes and it is these growing disparities that are responsible for the busts.That disparities have increased is clear from the huge incomes in the hands of the new corporate class.This is happening not only in India but all over the world , and that explains why the global economy is in recession . Energy consumption throughout the economy is expected to increase , which will push up imports . Since the economy actually became worse after Roosevelt 's reelection , ABC said that Roosevelt was n't even as interested any more in ending the Depression but in creating a " different kind of society " where there was less of a gap between rich and poor . Now the Fund wants to increase the country 's debt repayments , citing increased growth as a reason to siphon more money from the economy . Or is this something that you worry about being maybe temporary and we're going to be back into red ink if the economy slows ? Consequently , all of the members agreed that the most critical issue at the time was how much boost the government 's economic stimulus package , to be announced soon , would give to household and corporate confidence , and that they needed to examine closely the details of the economic package and the permeation of its effects throughout the economy . As a result , if the economy is to improve , investment must pick up . We have been told time and again that the government should withdraw from the economy and reduce its presence by lowering taxes and selling off its industrial units.This is what most countries have been doing since early 1990 's , when such an agenda became fashionable . Hundreds of thousands have lost their jobs in the last few years , and unless the economy creates more jobs and brings them back into the marketplace , there cannot be any improvement.This calls for a shift in priorities , from foreign investment to employment . Even that might not be enough to balance the budget unless the economy gets back into high gear and starts to generate more tax revenues . Though , really , encouraging labor-based democratic ownership of firms through tax incentives and contracting preference probably is more effective way of acheiving better distribution of gains from the economy and more fair distribution of costs during hard times than ignoring firm ownership and trying to manhandle the problem by direct regulation of wages as the principle lever . But this February 11 , the chairman told the Senate Banking Committee that Bush 's new tax-cut proposal was premature since the economy might be in the midst of a recovery . Since the economy was now thought to be in the third phase , it should be watched cautiously . Yet even if the economy did n't give Gore quite the lock many thought it would and even if Gore probably did need to put some distance between himself and Clinton , there is a reasonable case that he overdid it . By ensuring permeation of monetary easing effects throughout the economy , the Bank will continue to secure financial market stability and economic recovery , as well as improve the overall functioning of the financial system in the long run with regard to the efficient allocation of credit . " If the economy is growing 7 % , the theory is that cement demand will probably grow 10 % or 12 % , " says Simon Francis of Nomura Indonesia .