Secular Stagnation Heads South

Secular Stagnation for Free

The Problem With Secular Stagnation

The second explanation was that the slow recovery was part of a longer term trend, attributable to secular stagnation or a dearth of important technological innovations. It is true that productivity growth and labor force growth have slowed since 1975.

But, of course, our secular religion is technology.

Think of it as a kind of secular church.

Why has religion returned to secular and democratic politics?

They ensure that India remains secular, democratic and pluralistic.

My madness is on a smaller, more secular scale.

There are secular kooks there are smart kooks, dumb kooks.

But the secular minded people can be influenced by that.

The Federal and State Governments are secular in this country.

For example, the secular stagnation theory claims that low interest rates tell the true story. The global economy is suffering from a chronic demand shortfall, which can be remedied through sustained growth in government spending.

MILAN The world s two largest economies, the United States and China, seem to be enduring secular slowdowns. But there remains considerable uncertainty about their growth trajectory, with significant implications for asset prices, risk, and economic policy.

Why is there such disparity between the secular realm and the sacred?

Gul s wife s headscarf was interpreted as the symbol of darker changes to come. If the First Lady wears a headscarf, maintained the secular minded elite, the whole secular system could be undermined.

We are a secular country blessed with a large and growing Muslim community.

But compassion is also equally at home in the secular as in the religious.

They know that they need economic growth to curb unemployment and pay for social services, so they are working to bolster the private sector. In many cases, they are even advocating the kind of free market policies that their secular predecessors favored.

Yes, these are relevant and, in a handful of cases, urgent. But the number one challenge facing these countries is to develop growth models that can provide more ample, well paid, and secure jobs amid a secular re alignment of the global economy.

On the one hand was my mother, a well educated, secular, modern, westernized, Turkish woman.

Kazakhstan is a secular State, and any discrimination against women based on sex is prohibited.

DELHI In a recent exchange between former US Federal Reserve Chairman Ben Bernanke and former US Treasury Secretary Larry Summers on the plausibility of secular stagnation, one point of agreement was the need for a global perspective. But from that perspective, the hypothesis of secular stagnation in the period leading up to the 2008 global financial crisis is at odds with a central fact global growth averaged more than 4 the highest rate on record.

But now secular stagnation the concept du jour in US policy debates since former Treasury Secretary Larry Summers argued last November that the US (and perhaps other advanced economies) has entered a long period of anemic GDP growth may also be coming to Latin America.

All of this adds up to a recipe for continued slow growth, secular stagnation, disinflation, and even deflation. That is why, in the absence of appropriate fiscal policies to address insufficient aggregate demand, unconventional monetary policies will remain a central feature of the macroeconomic landscape.

It also stipulates that education offered by the State shall be secular and free of charge.

How to bridge the gap in developing countries between secular, more or less Westernized urban elites and the rural poor is an old question. One solution is to enforce secular modernization by oppressing the poor and their religious organizations.

The armed forces, however, claim a constitutional mandate to protect the Republic s secular traditions. And Turkey s generals have intervened in politics several times to defend Kemalism Atatürk s secular ideology of modernization that pushed Islamic Turkey towards European style liberalism.

The Algerian secularists strategy of exclusion, fraud, cheating, and gerrymandering backfired badly Islamists were perceived as victims, while secularists with some exceptions were cast as unprincipled opportunists. Enforcing a secular constitution before elections does not guarantee a secular outcome.

The second largest group, of nearly 30 million, is the one described as non religious or secular.

This secular non religious vote, if properly mobilized, is nine times as numerous as the Jewish vote.

Many influential economists are now worried that the US faces anemic growth and secular stagnation, owing to a persistent gap between aggregate demand and full employment. Stagnant middle class incomes imply weak aggregate demand, which in turn means slack labor markets and stagnant wages for most workers.

Other states parties have concluded that the purposes of secular education require some restrictions on forms of dress.

Taking into account the constant aspiration of the two peoples to build democratic, law based and secular States,

Expand parent, community, and local government participation in the development of the curriculum of both religious and secular schools.

The recent assassination of the secular Tunisian opposition leader Chokri Belaid has raised the stakes for women there. Belaid was a voice on behalf of women s rights, and the threat of increased political violence will focus on those who advocate secular equality for all Tunisians, including women.

The rights of second and third wives are not covered by secular law. This category of women is aware that secular law cannot protect their rights. The absence of rights forces these women to endure all kinds of violence committed by the husband and his relatives.

In the 1930 s, the failure to prevent the Great Depression empowered authoritarian regimes in Europe and Asia, eventually leading to World War II. This time, the damage caused by the Great Recession is subjecting most advanced economies to secular stagnation and creating major structural growth challenges for emerging markets.

Well, one thing to notice is that we do something different when talking about morality especially secular, academic, scientist types.

What's missing is that we are Homo duplex, but modern, secular society was built to satisfy our lower, profane selves.

Those who know their history will recognize that Summers is reviving an argument advanced by the American economist Alvin Hansen in 1938. Owing to a slowdown in population growth, and thus lower demand for capital, the world, Hansen claimed, faced a problem of secular, or structural, unemployment in the decades before us.

HONG KONG During three decades of favorable global economic conditions, China created an integrated global production system unprecedented in scale and complexity. But now its policymakers must deal with the triple challenges of the unfolding European debt crisis, slow recovery in the United States, and a secular growth slowdown in China s economy.

Many believe that Congress with its commitment to secular values, economic growth, and helping the poor now has a mandate to transform India into a great power. Business and financial interests, in particular, are delighted with the outcome, crowing about the bonanza about to be unleashed as Congress liberalizes India s economy further.

It has been observed that in the formative phases of the new States almost all the constitutions were secular in nature.

Those traditions have contributed to the emergence of a secular democracy that in itself serves as a bulwark against societal tensions.