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EU member states observe an elaborate process to preserve macroeconomic stability: the macroeconomic imbalance procedure (MIP). The MIP is supposed to monitor and prevent macroeconomic imbalances – and if necessary, correct them. It considers a variety of variables to determine the existence...
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The article discusses the economic difficulties from which the industrialized nations have been suffering for the past years giving special regard to the controversy as to what concept of economic policy should be adopted in order to overcome the present problems.
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macroeconomic fabric of nations. In the emergent borderless world macroeconomic theories and policy-making confront new challenges …
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A world government does not seem to be indispensable for a world economic policy. The work of international agencies …, as inter alia IMF, GATT, ILO, WHO, UN Economic and Social Council and World Bank, proves the contrary. Global tasks can …
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