To that end, the free marketeers are forever reciting the list of MITI's greatest errors: its failure to forecast--or support--the growth of Japan's automobile industry (Honda was advised to stick to motorcycles); its over-investment
in steel during the sixties and in aluminum during the seventies; and the failure of its "Fifth Generation" computing program.
Because of this, it was argued, the tax law was causing inefficient over-investment
in real estate at the expense of more productive investment in other kinds of capital.
LED packaging equipment over-investment
in the last 2 years leading to a short down-cycle starting in 2012
It could be a smokescreen to mask over-investment
in the South-east and underinvestment in the North WILL devolution benefit the Teesside economy?
The talk of PS20million warchests and over-investment
has gone the way of the Friday statements.
History does repeat itself, and as usual a demand-driven commodity boom, this time led by China, has resulted in over-investment
Over the last decade, the vast quantities of short-term capital that were being pumped into China's banking system drove commercial banks and other financial institutions to expand credit substantially, especially through the shadow-banking system, leading to a massive credit bubble and severe over-investment
For example, over-investment
relative to consumption is entrenched, following the mercantilist mentality of wanting to win the war of global trade, so as to reap the rewards of net earnings and ever-increasing purchasing power over the rest of the world.
Applying a parsimonious model to decompose investment into a nondiscretionary component and a discretionary component, I find that the negative association is primarily driven by the positive discretionary investment sample, where over-investment
is more likely to occur.
Sponsored by Turkish trade groups TE[pounds sterling]SyAD and the Foreign Economic Relations Board (DEyK), the conference saw businesspeople and analysts focus on how best to invest capital in and boost exports to China, which enjoys a skyrocketing rate of domestic consumption but is also a complex market for foreign firms and suffers from a glut of over-investment
by the state.
Scottish football is on its uppers after years of over-investment
in too much dodgy talent, many of them with surnames ending in vowels.
For Hayek in the early 1930's, and for Hayek's followers today, the "crisis" results from over-investment
relative to the supply of savings, made possible by excessive credit expansion.