There are smart ways to buy them and to aggregate that purchasing power to bring very efficient vehicles into the market faster.

Reforms in factor markets labor, land, and finance are essential. China s leaders must improve labor market flexibility and labor mobility make land use, acquisition, and compensation more efficient and build a more market based financial system.

Climate change is not a partisan issue, and climate policy is essentially market based. It is about correcting market failures so that markets and entrepreneurship can play their proper role of ensuring innovation and efficient resource allocation.

To change this, the government needs to promote market based credit allocation. China needs a flexible and efficient financial sector, underpinned by an effectively supervised and regulated capital market, to avoid asset bubbles and support productive and innovative firms.

The Australian Government develops policies and manages programmes that support efficient and effective labour market assistance higher productivity, higher pay workplaces and increased workforce participation, including for women.

Fortunately, there is another way. Business led innovation and market based solutions can drive a decisive global shift from crippling fossil fuel dependency to more efficient renewable energy systems.

Some Parties are proposing the introduction of efficient fuel for boilers in industry, efficient coal fired boilers, efficient electrical motors, and efficient lighting in industrial buildings.

Roughly a third, mesmerized by the meretricious appeal of the Efficient Market Hypothesis, argued that governments were the original sinners. Their ill conceived interventions notably the US backed mortgage underwriters Fannie Mae and Freddie Mac, as well as the Community Reinvestment Act distorted market incentives.

These services comprise post harvest systems in the food sector, fibre processing, product innovation and diversification for enhanced market access, and enhancing rural community livelihood through efficient agro supply chains.

11 The Asian Bond Market Initiative was endorsed at the ASEAN 3 Deputies Meeting held in Chiang Mai in December 2002. Its objective is to develop efficient bond markets in Asia.

We should not focus attention exclusively on economists, however. Arguably the elements of the conventional intellectual toolkit found most wanting are the capital asset pricing model and its close cousin, the efficient market hypothesis.

The Efficient Networker

The Chicago School claims that real world market economies produce roughly efficient (so called Pareto optimal ) outcomes on which public policy cannot improve. Thus, any state intervention in the economy must make someone worse off.

Everything is very efficient.

Efficient use of resources

Environmental regulation addresses a particularly striking example of market failure. Markets are generally efficient if companies revenues correctly reflect all the benefits that their output bestows on third parties, while their costs reflect all the harms.

(c) More efficient trade negotiations.

Lean, efficient things. Healthy products.

For individuals, businesses, educational institutions, and governments in advanced countries, broad based, elevated, and efficient investment in education and skills is critical. Closing wide information gaps in the market for skills would also increase the efficiency of these investments.

UNIDO's projects in this field are exemplified by the assistance being given to the hand tool, ceramic and glass industries in India by introducing energy efficient technologies and processes, undertaking energy audits, improving quality standards and establishing market linkages.

An efficient management structure was proposed.

The modern sailplane is superbly efficient.

But they are extremely efficient organizations.

Through improved seed stocks and more efficient water management, we can have crops that require less water, grow at higher density, and thrive in wider temperature ranges. And data driven agriculture supply chains will move them more effectively to the market.

An efficient supply chain can transform innovation on both the individual and industry levels. Indeed, a common approach defining key market needs, coupling them with solution constraints, and pushing the boundaries of current thinking applies to all kinds of innovation.

In general, in addition to efficient overseeing institutions, a good regulatory framework should promote self regulation and self monitoring by financial institutions, leaving sufficient room for market participants to act in a flexible manner, while including measures that encourage good practices.

On the contrary, the University of Chicago s Eugene Fama has described the notion that finance theory was at fault as a fantasy, and argues that financial markets and financial institutions were casualties rather than causes of the recession. And the efficient market hypothesis that he championed cannot be blamed, because most investing is done by active managers who don t believe that markets are efficient.

The promotion and facilitation of an efficient domestic business sector forms the basis for the creation of an efficient private sector.

It's more economical and also more efficient.

But how efficient is, really, this multitasking?

We're reasonably efficient in the industrial sectors.

Because he's got an efficient enough factory.

A Fair, Efficient, and Feasible Climate Agreement

The United Nations must become more efficient.

The most cost efficient way to achieve the 20 target would be to operate a single, EU wide carbon market, which would cost the EU about 96 billion annually by 2020. But the benefits to the entire world would be much lower.

Indeed, the internal and external aspects of energy policy are interrelated. Europe cannot build an efficient external policy without achieving a minimum of harmonization of member state policies regarding energy flows, interconnections, infrastructure, investment, and greater progress toward a single energy market.

Of course they must be more energy efficient.

They're far more efficient in terms of energy.

Less efficient breeds are used in cattle raising.

Efficient transport and trade facilitation to improve participation

Ultimately, the advance of information technology will be the salvation of ideas like the CME s inflation futures market and indexed units of account. Inflation futures appear to be gaining hold in part because the new contract is traded on an efficient electronic market (the Globex system) that allows futures contracts to get going without the initial splash that is required by open outcry pit based futures markets.

Consider Adam Smith s concept of the invisible hand, which implies that a market equilibrium is efficient if perfect competition prevails and well defined property rights exist. Contrary to what many critics suppose, mainstream economists do not assume that these ideal conditions are always present.

Likewise, China s government cannot continue to waste resources on economic stimulus packages that have led to industrial overcapacity and skyrocketing local government debt. And China cannot move toward a more market oriented, efficient, and innovative economy with bloated state owned enterprises blocking the way.

In addition, how will Singh balance the trade off between pro market and pro poor policies? How will he manage the growing middle class s expectations of better infrastructure, expanded access to health care and education, uninterrupted electricity and water supplies, and more efficient transport facilities?

After all, many people here have been teaching the efficient markets hypothesis that financial markets around the world have become so competitive that it is impossible to make more than a normal return from investing. Anyone who beats the market must simply be lucky.