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Arguments regarding trade and other forms of liberalization in developing countries are reviewed. Microeconomically …, the standard case for liberalization is dubious under increasing returns to scale and when firms can invest directly in … of liberalization rests on Say's Law, which is not always enforced. It is complicated by the facts that recent combined …
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Half the people and two-thirds of the countries in the world lack full control over their own economic policy decisions. To a great extent, expatriate "experts" managed by industrial country nationals and based in Washington DC regulate their macroeconomics, investment projects, and patterns of...
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Given that financial markets operate as a Keynesian beauty contest and the real economy has no automatic tendency to converge to full-employment growth, then the simple rules of the game embodied in the policy positions believed by market participants to be held by other market participants will...
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