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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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In light of the recent financial crises in the emerging markets, the coming-into-force of the financial services agreement under the GATS has been considered a success. While the agreement provides for little new liberalization but rather formalizes the status quo, it was feared that governments...
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