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When I wrote my book on EMU four years ago (Kenen 1995), very little had been written on the international dimensions of EMU. There was a chapter in the Commission's path-breaking study (European Commission, 1990). There were papers by Alogoskoufis and Portes (1991, 1992), Cooper (1992),...
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economic activities in terms of both trade and foreign direct investment between the EU member states. The familiar equation …
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-skilled workers in EU manufacturing. Whereas in the short run international outsourcing exhibits a negative marginal effect on real …
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