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Some forecasters recently have predicted that OPEC countries with continuing current account surpluses will shift from long-term to short-term investments in the near future to improve their liquidity positions. However, careful study of a variety of data, including historical patterns, suggests...
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For a time in the mid-1970s, “Third World solidarity” was at its zenith and the prospect of a new international …
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The quadrupling of the oil price by the OPEC in 1973 was a poignant event in the post-war development of the world …
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