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The World Bank is a genuine investment agency. This fact seems to be self-evident, yet not fully realized by a larger … public. At present, the World Bank (IBRD), together with its affiliate, the International Development Association (IDA), is … also a multilateral development institution, the largest in the world. The purpose of this paper is to analyze how this …
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The European Commission’s approach to the supervision and restructuring of the EU banking system has numerous shortcomings. As an alternative, this article proposes a European Resolution Authority and a European Restructuring Fund for systemically important banks and the implementation of a...
Persistent link: https://www.econbiz.de/10009748596
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focuses on the countertrade of Third World countries, both among themselves and with industrialised countries. …
Persistent link: https://www.econbiz.de/10011549198
During the 1970s the North-South Dialogue, which will shortly be continued at the summit in Mexico, was characterized by a gross disproportion between monstrous expenditure - with many losses due to friction - and negligible results. Symptoms of fatigue with regard to the Dialogue are spreading...
Persistent link: https://www.econbiz.de/10011553545
Over the past decade the non-oil developing countries’ external debt has shown a more than threefold increase, a trend that may be expected to continue in the foreseeable future. In response to the recipient countries’ changing needs, private lending, their principal source of credit, will...
Persistent link: https://www.econbiz.de/10011554231
Proponents of the theory of unequal exchange claim that the international division of labour is based on the exploitation of the developing countries by the industrialised countries. But the international division of labour allows the developing countries to import goods which they either could...
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