When that capital inflow stopped, asset prices in Greece fell, and so did demand for labor in the capital goods sector.

Private sector capital flows now dwarf traditional public sector aid flows.

The key is to reflect on six kinds of capital goods business capital, infrastructure, human capital, intellectual capital, natural capital, and social capital.

Additional investments in capital goods offer very low returns.

Free movement of goods, services, labor, and capital certainly suffices.

Globalization means free movement of capital, goods, technology, ideas, and, yes, people.

Private capital flows have exploded since, dwarfing trade in goods and services.

Indeed, there are some goods that the private sector is simply unable to provide.

Markets throughout the world were opened to exports of European goods and capital.

It is based on freedom of movement of goods, services, capital, and people.

The portion of capital inflows that is not re exported represents net capital inflows. This finances domestic spending on foreign goods.

Small wonder, then, that Germany s economy rockets when the world s demand for capital goods soars.

Capital spending (outside the energy sector) and residential investment would strengthen as growth accelerated.

China s corporate sector has financed much of its investment out of retained earnings without having to raise capital from the household sector.

But it is the formal sector that produces higher value added manufactured goods that compete with developed countries.

Foremost are the four freedoms of the single market free movement of goods, services, people and capital.

Lost wages will reduce consumption, causing additional job cuts, while factory closures will reduce investment, hitting employment in capital goods industries. Lost incomes will also drive down tax revenues, resulting in public sector employment cutbacks.

Conservatives argued for a private sector driven economy, unfettered markets, low taxes, reduced government spending, and limited public goods.

The problem is not just that workers, capital, and land are sucked into the booming commodity sector. They also are frequently lured away from manufacturing by booms in construction and other non tradable goods and services.

Government, the private sector, and civil society all have a role to play in strengthening social capital.

The problem is not just that workers, capital, and land are sucked into the booming commodity sector.

Second, in 2001, weak capital spending in the corporate sector (accounting for 10 of GDP) underpinned the contraction.

Real investment (investment adjusted for the declining prices of high tech and information related capital goods) continued to roar ahead.

High investment may cause economic overheating and increase the price of capital goods in the medium term, eventually triggering inflation.

In theory, global economic integration implies a world where the markets for goods, services, capital, and labor are perfectly integrated.

A globalized world, with one country s goods, capital, and pollution flowing into another, will inevitably need common norms and laws.

An ever increasing capital stock relative to output, however, means ever lower returns to capital and thus ever more non performing loans in the banking sector over time.

The payoffs of financial sector executives were tied to highly leveraged bets on the value of their firms capital.

Capital that has accumulated in the raw materials sector in recent years should be shifted to manufacturing and infrastructure.

Since export goods are considerably more capital and knowledge intensive in their production than other goods, the structural change will even reduce the net demand for unskilled labour capital and talents that move away from the other sectors will not take all the unskilled workers with them.

Developing countries that impose a VAT perversely encourage production to remain in the informal sector, which often produces the goods that are consumed domestically or used as inputs in the developed world. But it is the formal sector that produces higher value added manufactured goods that compete with developed countries.

Temporary commodity booms typically pull workers, capital, and land away from fledgling manufacturing sectors and production of other internationally traded goods.

Lost wages will reduce consumption, causing additional job cuts, while factory closures will reduce investment, hitting employment in capital goods industries.

The point is simple Argentina's real resources, its people, with their enormous talents and skills, its fertile land, its capital goods remain.

Paris Club loans were made by government export credit agencies, which underwrite foreign purchases of their countries capital goods and other products.

Aside from importing basic goods, China exports manufactured goods throughout the region.

Aside from importing basic goods, China exports manufactured goods throughout the region.

Public sector

Private sector

Sector 2

Sector 3

Sector 4

What kinds of goods?

The goods arrived yesterday.

The goods arrived undamaged.