The four areas most likely to reach cost competitiveness over the next decade?
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Looking at the big picture, wind and solar power are now close to cost competitiveness with fossil fuels.
Furthermore, prices and wages will have to fall if Greece is to regain the cost competitiveness needed for sustained economic growth.
"The labor movement recognizes the need to restore our cost competitiveness, " explains legislator Lim Swee Say, deputy secretary general of the National Trades Union Congress.
And thanks to a flexible labour market and an open economy it has already clawed back a good deal of the cost competitiveness it lost during the boom years.
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Against a background rate of an average inflation rate of two percent for the euro area as a whole, a fast pace of improvement in cost competitiveness for debt-stressed countries would require significant wage cuts.
It will be very hard and very costly to reduce other cost competitiveness barriers significantly enough to compensate for this stratospheric rise in unit labor costs, even as every move in this direction is worth taking.
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Productivity, competitiveness, cost control, and the quality of goods and services were all largely incidental.
It continues to be important to focus on lean processes and cost cutting to maintain competitiveness and also to mobilize internal resources for future investment.
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McLaren team principal Martin Whitmarsh said in Australia that focusing on winning last year's championship had cost his team some competitiveness at the start of this season.
When fewer workers can produce more output whether it is through capital investment or methods improvement, competitiveness improves but at the cost of lower employment.
From an Internet retailers perspective the passage of the Marketplace Fairness Act would not only add layers of administration and cost to comply, but it could cut into their competitiveness with small businesses and brick-and-mortar retailers.
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Valuing saved barrels at the low end of credible estimates of their "external" cost could repay taxpayers' bailout loans, rebuild automakers' competitiveness, boost security and save carbon.
These innovations could lead to entirely new markets and platforms for growth in the economy, increase U.S. competitiveness, catalyze the creation and retention of U.S. jobs, enable cost-effective renewable clean energy, enhance national security, and help support affordable health care and improved quality of life for our citizens.
At the same time, rising competition from low-cost manufacturers coupled with a strong yen - which makes Japanese goods more expensive - has also hit their competitiveness.
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