Work at the Bank, however, finds no empirical support for the proposition that this type of uncertainty affects contract length.46 Third: Another concrete benefit of low, stable, and predictable inflation has been less disagreement over future inflation, leading to fewer strikes and, therefore, lower output losses.
Stern challenges facing the Chinese industries in the post-WTO environment  As a developing country, China has preliminarily established its socialist market economic system. After 15 years of hard negotiations, China eventually joined the WTO in December 2001 in order to integrate into the development process of the world economy.