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Since the early 1990s, many countries in sub-Saharan Africa have made significant progress in opening their economies to external competition through trade and currency liberalization. This paper analyzes trade and policy developments for 22 countries in eastern and southern Africa, looks at...
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The apparent contradiction between trade liberalization and continuing high trade tax revenue raises the important question of how, precisely, the one affects the other. Although policymakers generally recognize the long-term benefits of trade liberalization, some have argued for at least a...
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Preface : Redefining Development / Muhammad Yunus -- Introduction / Kevin Danaher -- World Bank/IMF : 50 years is … -- IMF/World Bank wreak havoc on Third World / Davison Budhoo -- The free trade connection / John Gershman -- The debt … to Third World debt? / Doug Henwood -- Brazil : drowning in debt / Marcos Arruda, interviewed by Multinational Monitor …
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This paper examines the consequences of heightened capital mobility and of the integration of developing economies in increasingly globalized markets for the exchange rate regimes of the industrial, developing, and transition economies. It builds upon previous studies by IMF staff on various...
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