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these benefits, we demonstrate that there is a limit for an independent-minded, centralized bureaucracy to eliminate the … understanding of the limits of centralized bureaucracy as a tool to improve governance outcomes and prevent the influence of local …
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This paper gives an overview of some issues related to market valuation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...
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