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Figure 1.21 World trade is expected to decline in 2009 for the first time since 1982 …The eruption of the worldwide financial crisis has radically recast prospects for the world economy. Global Economic …
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Commodity booms are usually associated with commodity-exporting countries suffering from real exchange rate appreciation and negative economic consequences, that is, Dutch disease. Yet, there are different ways to manage or not manage the commodity rent earned via exports. Based on a monetary...
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sub-standard economic performance. They are: long-term trends in world commodity prices, volatility, crowding out of …
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