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The world economy has been greatly affected by the current recession. All countries have suffered regardless of their … level of development. Given that global problems require global solutions, world powers have met at summits of the G-20 … correct other imbalances (e.g. environmental issues, hunger) existing in the world …
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Since the seventies the existing order of international economic relations has been exposed to ever stronger pressures. Access to foreign markets must once again be regarded as a scarce commodity, since the far-reaching removal of tariff barriers has been more than compensated for by non-tariff...
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