The twin causes of the deterioration, Deloitte says, are the advances of digital technology, which radically reduces both competitive advantage and barriers to entry by new players, and movements to economic liberalization by our policy makers.
The package aims to make member nations more enticing to investors and traders by accelerating trade liberalization and offering various incentives.
It was caused by economic liberalization, globalization and the slowing of the growth of OECD demand.
Almost 14 full years after it took a decisive turn towards liberalization, democratization, and openness, Slovakia remains plagued by corruption within the very heart of its government.
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And the third opening was to open the country again to the world by proactively working on its economic and trade liberalization and deepening its ties with the world.
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It must also make a commitment to growth by actively pursuing trade liberalization agreements like the WTO Doha Round and the TPP.
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Korea's credit excesses were similarly partly due to the liberalization and partial privatization of a banking system which had formerly been dominated by a handful of state-controlled entities.
The Malaysian leader may also be echoing a cry of fear and pain from all Asia, whose world-beating growth looks set to slow in the face of increasing financial woes and global competition -- both triggered in large part by liberalization.
President Mikhail Gorbachev has no doubt been impressed by China's success in carrying out domestic economic liberalization and foreign trade reforms as well as establishing workable terms of agreement with the GATT, the IMF, the World Bank, and the Asian Development Bank (ADB) .
The other half of the increase (2.5 percent) should be spent to implement reforms required by accession to the TPP agreement and to build infrastructure needed for deregulation and liberalization, with the goal of promoting economic revitalization and growth.
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