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The development process can advance more rapidly than ever before in the new global economy. While opening their economies to trade and investment is a necessary condition for developing countries to achieve sustained high growth and reduce poverty, it is by no means a sufficient condition....
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The dramatic collapse in world trade in 2009 is, this report shows, mainly due to: the drop in demand for highly traded … tariff revenues results in a USD 2.16 drop in world exports and a USD 0.73 drop in world income. The analyses presented here …
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