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policy regime, as represented by the WTO (World Trade Organization). Environmentalists fear that international trade will … into effect). Such provisions could be interpreted as violations of the rules of the WTO, which poses the nightmare … scenario of a WTO panel rejecting a major country's climate change legislation. In light of the hostile feelings that such a …
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The word "institutions" covers a range of country characteristics, which vary widely: Some are not very relevant to the business of the Fund (and, regarding some others, we cannot be confident of knowing what is best). Some recent empirical growth literature has adopted an intermediate level of...
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