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cut back investment in innovation. Since innovation in the United States determines the evolution of the world …. The model thus offers a new perspective on the consequences of financial globalization, and on the appropriate policy …
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By 2025, six major emerging economies--Brazil, China, India, Indonesia, South Korea, and Russia--will account for more than half of all global growth, and the international monetary system will no longer be dominated by a single currency. As economic power shifts, these successful economies will...
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