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Sweden’s quality of life, public health, and educational attainment indicators are among the best in the world. Although it is impossible to pin down the optimal size of the welfare state precisely, the government has generally agreed to have become too big by the late 1980s. Globalization is...
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, liberalizing the financial system, building out China’s social safety net, and capitalizing on urbanization, among others …
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The Asian crisis hit the Hong Kong Special Administrative Region (SAR) economy hard in 1998, despite its generally strong fundamentals. In response to the crisis, the authorities eased fiscal policy—within the framework of a medium plan to restore budget balance, and significantly strengthened...
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that China faces. The government recognizes the need to contain investment and credit growth, and has tightened the …
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This 2004 Article IV Consultation highlights that China has continued its rapid economic growth and integration into …
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The staff report for the 2005 Article IV Consultation on the People’s Republic of China highlights economic … imbalances would also threaten China’s growth, as economic activity in all countries would likely suffer lingering adverse …
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effects. The note also discusses China’s evolving role in global trade, impact of rebalancing on the supply chain, estimating … China’s spillovers, elasticities approach, factor pricing, overcapacity, and sustainability risks. It elaborates on the … impact of competition from Brazil and Mexico, China’s closed capital account and capital flows to emerging markets, the …
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China’s economy has been moderate in 2012, with a GDP growth of about 8 percent. Macroeconomic policies helped to … approved projects. Directors encouraged the authorities to accelerate the transformation of China’s economy as conceived under …
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