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The dramatic changes presently taking place in the world economic environment involve considerable risks, but at the same time offer significant opportunities which should not be ignored. Some of the major challenges the world economy is facing in the 1990s are discussed in the following article.
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of rash capital account liberalization argue in favor of opening up towards FDI. Yet, economists know surprisingly little …, including the liberalization of FDI regulations and business facilitation, are unlikely to do the trick. Promotional efforts … and the provision of efficient business-related services to trade liberalization with regard to capital goods and …
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