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Using Maddison's data, we compare levels and growth rates of real GDP per capita between Korea and Taiwan, along with … prewar period. After WWII, however, Korea fell steadily below Taiwan, and both fell continuously behind Japan until 1970 when …
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This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
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