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' production decisions. The theory clarifies how these decisions may differ between firms producing for domestic and export markets … organizing production. Pro-labor regulations select against less productive firms, especially in the export sector. Our theory …
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India's financial sector is not deeply integrated with the global financial system, which spared it the first round … morphed in to a full-blown global economic downturn, India could not escape the second round effects. The global crisis has … affected India through three distinct channels: financial markets, trade flows, and exchange rates. The reversal in capital …
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