During the past two decades, inflation has fallen to a low level in major industrial countries.

In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.

The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.

The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.

Thus, the questions we should ask here are what makes the current economic upswing different from the past two recoveries, and whether such differences are sufficient for the economy to reach the sustained growth path.

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.

The aging and decreasing population is a serious problem in many developed countries today. In Japan's case, these demographic changes are taking place at a more rapid pace than any other country has ever experienced.

As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.

The aging and declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change.

The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s.

During the past two decades, inflation has fallen to a low level in major industrial countries.

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.

With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

Yeah, that's what kind of, we get the idea a little bit yeah, because other people from different countries also try as hard as they can to get a medal or a gold medal in the Olympic Games. And you know, if they can work hard, we can work hard as well.

If we wait for the U.S. to do something, we will be waiting for a very long time. It's Europe, it's Australia, it's the other developed and middle developing countries that have got to do the job.

These interests of the workers, as the exploited and oppressed, class of society, are the same in all countries.

Countries under foreign command quickly forget their history, their past, their tradition, their national symbols, their way of living, often their own literary language.

I have to say that it's very few countries that are willing to look back at its past and apologize for its act, or make amends for its act, as the United States had one.

Grossing Out dealt with the western nations selling arms to the Third World and exploiting these countries.

One of the biggest development issues in the world is the education of girls. In the United States and Europe, it has been accepted, but not in Africa and the developing countries.

It is normal for politicians in all countries to profess themselves the pupils of history, anxious to draw the right lessons from her teaching.

After the 1954 Geneva international conference, Vietnam was divided into two parts. On paper, North and South Vietnam were twin countries born at the same moment.

Most of the international community, most of the countries around the world, don't want any side, any party to take unilateral steps. They would like that all of us to stick to the road map.

We are at war to liberate Iraq, to protect the people of the United States and other countries from the devastating impact of Iraqi weapons of mass destruction being used by terrorists or the Iraqi government to kill thousands of innocent civilians.

Nor is the suffering limited to children in developing countries.

If some countries have too much history, we have too much geography.

The Baltic Sea is becoming more and more polluted. Not everybody living near the shore of the Baltic Sea is protecting it. It is the water of life for countries like Finland and Sweden.

The U.S. routinely ranks lower than other countries in health outcomes such as infant mortality.

The unthinkable occurred: two communist countries went to war with each other.

Unless we repeal the illegal Byrd amendment, American exports will be vulnerable to retaliation, and the U.S. will continue to face a difficult task convincing other countries to make their laws comply with international rules.

Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad.

For, behind the scenes, halfway around the world in Mexico, were two decades of aggressive research on wheat that not only enabled Mexico to become self-sufficient with respect to wheat production but also paved the way to rapid increase in its production in other countries.

Let us work toward greater cooperation with all Caribbean Countries, whether we speak English, Dutch, French or Spanish, whether we are independent or not, and whether we be island or continental territories.

For the first time in history all the major countries in the world are pushing together to reach this goal... building something in space that is really for all humankind.

It seems proper, at all events, that by an early enactment similar to that of other countries the application of public money by an officer of Government to private uses should be made a felony and visited with severe and ignominious punishment.

Nonetheless, the developing countries must be able to reap the benefits of international trade.

The recent riots in France demonstrate the problem European countries face where second and third generation immigrants still do not consider themselves French, German, or English.

You know, 20 years... the films of television when it started, the literature, radio in communist countries, they're clean as a whistle; there was no violence, no sex, no drugs, nothing.

In a novel, my feelings and sense of outrage can find a broader means of expression which would be more symbolic and applicable to many European countries.

The biggest markets for my books outside the UK are France and Italy, and those are the two countries where I also have the closest personal relationships with my translators - I don't know whether that's a coincidence, or if there's something to be learned from it.

History has proven that the PLO and its sectors suffered great damage when walking the way of harming Zionist interests in other countries around the world.

Most countries are static, and they need to do is keep having babies. But America's like this big old clanking smoking machine that just lumbers across the landscape scooping up and eating everything in sight.

Saddam Hussein has been engaged in the development of weapons of mass destruction technology which is a threat to countries in the region and he has made a mockery of the weapons inspection process.

Thus, if armaments were curtailed without a secure peace and all countries disarmed proportionately, military security would have been in no way affected.

It was one thing to contain the Soviet Union in Europe because Britain, France, and Germany were all willing to join in. But will Japan and other Asian countries be willing to join in the containment of China?