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The multilateral trade negotiations in the Uruguay Round have stagnated for years. At the same time, the world economy has witnessed a strong revival of regional trade arrangements. This juxtaposition suggests that major trading partners are drifting away from the GATT. Systemic weaknesses in...
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sustainable phenomenon. The basic feature of the transition towards the New Economy is the rising importance of information … a sector-specific phenomenon. Information increasingly constitutes a crucial input factor both in modern and traditional … industries, and the information content of a final output is continuously rising throughout the economy. Present technological …
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