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

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.

The individual organs follow the same pattern as the whole organism, i.e. they have their period of growth, of stationary, maximum activity and then of aging decline.

I take great pride in having been able to overcome the Asian financial crisis and seeking the opportunities available to bring about an unprecedented growth in the economy.

Conformity is the jailer of freedom and the enemy of growth.

Genius is not a possession of the limited few, but exists in some degree in everyone. Where there is natural growth, a full and free play of faculties, genius will manifest itself.

The investor of today does not profit from yesterday's growth.

Promoting job creation and economic growth in the Hudson Valley is one of my top priorities in Congress.

We will see the increasingly rapid rate of growth we've already been seeing in Colorado continue.

The growth of technology is such that it is not possible today for a nuclear physicist to switch into medical physics without training. The field is now much more technical. More training is needed to do the job.

We have stabilized our economy. We took over a very sick economy, and we were hemorrhaging 750,000 jobs a month. We have stopped the hemorrhaging. In fact, we had 140,000 job growth last month. And that's what I call progress.

We got to know the competition very well. In the '50s popcorn made a big growth in sales. Our main push was to produce the best quality and sell in quality retail outlets.

Happiness, contentment, the health and growth of the soul, depend, as men have proved over and over again, upon some simple issue, some single turning of the soul.

It's hard to find a way forward. When you're 18 it happens in huge chunks every day, but after 20 years, growth is much more costly.

I think that obstacles lead to growth and ultimately, the most learning I've done in my life is between jobs.

Well, WorldCom's growth exploded in the Clinton years, there's no question, there's no disputing that.

Growth is a painful process.

The organizational architecture is really that a centipede walks on hundred legs and one or two don't count. So if I lose one or two legs, the process will go on, the organization will go on, the growth will go on.

Modern techniques have torn down state frontiers, both economical and intellectual. The growth of means of transport has created a world market and an opportunity for division of labor embracing all the developed and most of the undeveloped states.

Technological innovation is indeed important to economic growth and the enhancement of human possibilities.

Research and development needs permanent tax credits to build the technology that spurs our growth. But no government programs alone can get America's students to study more science and math; parents must push and help their children to meet this goal.

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

In fact, 80 percent of our domestic job growth comes from the small- and medium-sized business community.

This radical transformation of world power relationships reflects primarily in the case of both the USA and the USSR the growth of the productive forces.

It seems true that the growth of science and secularism made organized Christianity feel under threat.

I think the most beautiful thing is that we're not parting because there were problems. We're parting because we're celebrating each others' growth.

The rapid growth in many of our suburbs has spawned a booming construction industry eager to hire low wage immigrants who gladly fill these jobs, many of them happy to be paid in cash, free of federal and state taxes.

Infinite growth of material consumption in a finite world is an impossibility.

Risk is essential. There is not growth of inspiration in staying within what is safe and comfortable. Once you find out what you do best, why not try something else?

As sure as the spring will follow the winter, prosperity and economic growth will follow recession.

Because capitalist society has expanded the productive forces so enormously, the social conditions under which it arose lag behind and become fetters holding back the further growth of productive forces.

The cloning of humans is on most of the lists of things to worry about from Science, along with behaviour control, genetic engineering, transplanted heads, computer poetry and the unrestrained growth of plastic flowers.

Many a genius has been slow of growth. Oaks that flourish for a thousand years do not spring up into beauty like a reed.

The keener the want the lustier the growth.