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In this paper we investigate how income growth rates in one country are affected by growth rates in partner countries, testing for the importance of pairwise country links as well as characteristics of the receiving country (trade and financial open- ness, exchange rate regime, fiscal...
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This article describes the development of international trade blocs world wide from the 1950s till 2010. We updated the … influenced by geographical and political factors; after all, proximity matters. To explain how mechanism of globalization changed …
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