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consistently a strategy of Export Led Growth (ELG), while Brazil, until the mid 1990s had a strategy based on Import Substitution …China and Brazil are two countries with continental dimensions, with differences in availability of natural resources … Industrialization (ISI) with a relatively closed economy to the external market; however, recently Brazil has been switching to a more …
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consistently a strategy of Export Led Growth (ELG), while Brazil, until the mid 1990s had a strategy based on Import Substitution …China and Brazil are two countries with continental dimensions, with differences in availability of natural resources … Industrialization (ISI) with a relatively closed economy to the external market; however, recently Brazil has been switching to a more …
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The “RMB undervaluation puzzle” refers to two related facts: 1) that the RMB real exchange rate has been depreciating along with China's strong economic growth; 2) that most Western researchers agree that the RMB is seriously undervalued in recent years. We propose that this puzzle is mainly...
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