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Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly...
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Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and … external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under …
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