But speedy implementation of the shift from production to consumption will be vital if the country is to remain on course and avoid the middle income trap. That will require resolving the disconnect between the structural shift to services and the behavioral norms that will ultimately shape the spending habits of its people.

The implications of this shift may be far reaching. The German model for resolving the debt crisis and returning to internal or external balance relies on fiscal consolidation and structural reforms for the deficit countries.

This structural shift has enormous practical significance. For starters, it means that not only NATO s military resources, but also its human capital and practical knowledge in combating many different kinds of threats are available globally.

Emerging markets are facing headwinds (owing to a fall in commodity prices and the risks associated with China s structural transformation and the Fed s monetary policy shift) at a time when their own macroeconomic policies are still too loose and the lack of structural reforms has undermined potential growth. Moreover many of these emerging markets face political and electoral risks.

The shift system operates in a morning shift from 8.45 to about 13.00, and an afternoon shift until about 18.30.

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There were no surprises in the basic thrust of the strategy a structural shift in China s investment and export led growth model toward a more balanced consumer based and services led economy. The transformation reflects both necessity and design.

For now, the Chinese economy, having received its cyclical dose of stimulus, should be okay. By the end of the year, however, the costs of the structural adjustment needed to shift China s growth model away from investment demand could rise further.

It also means getting the balance between domestic and external demand right, and appreciating the sensitivity of medium and long term growth to the composition (and size) of domestic aggregate demand. Against this background, monetary policymakers must be cautious, because low interest rates can shift the growth model back toward leverage and domestic consumer demand, stalling the structural shift to the tradable side that is underway.

Central bankers, I believe, are underestimating the impact of this structural shift. In the more tech oriented economies, like the US, the United Kingdom, and the Nordic countries, there is a risk that traditional macroeconomic models will overestimate the cost pressure from labor.

But they are not sufficient. The crucial missing pieces are a shift in the structure of accessible aggregate demand and restoration of those parts of the economy s asset base that have been run down, implying the need for structural change and investment.

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This very basic shift in my physical orientation helped me shift my perspective in relation to the glacier.

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This century there's a shift.

Shift to the power situation.

Africa s Structural Transformation Challenge

And we're seeing a shift powered mainly because of information technology a shift in market dominance towards the emerging markets.

Paddy Ashdown The global power shift

The Night Watchman State s Last Shift

Tom is working the night shift.

The shift of FDI to services

The Mirage of Structural Reform

Structural business and trade statistics.

The speed of structural adjustment is also strongly influenced by how easily employment can shift from an economy s non tradable to its tradable side and across segments of global supply chains. Countries degree of labor market flexibility varies considerably, and the reforms that increase it are critically important.

In contrast to the Commission, the stated intention of a growing number of member states is to limit appropriation commitments to 1 of GDP. This would squarely shift most of the adjustment burden onto structural funds, a sure harbinger of bitter rows between old recipients and new entrants.

Given the apparent parallels between the challenges that Zhu faced and those that current Premier Li Keqiang is now attempting to address, not to mention their shared commitment to economic transformation, this shift could signify rising support for structural reform. But are Zhu and Li really so much alike?

That's important and it's an important shift.

The first key shift is open knowledge.

This is the second shift open aid.

So time shift family dinner. That's adaptability.

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We shift the gravitational center of it.

Shift of subject. Quickly drop by climate.

I think it was a wonderful paradigm shift.

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I invented a plasma antenna, to shift gears.

This is a shift change, one of three.

World Investment Report 2004 The Shift Towards Services.

But slower GDP growth is actually good for China, provided that it reflects the long awaited structural transformation of the world s most dynamic economy. The broad outlines of this transformation are well known a shift from export and investment led growth to an economic structure that draws greater support from domestic private consumption.