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Some observers have questioned the rationale for continued engagement by international development institutions in middle-income countries. But these countries face development challenges calling for continued partnership with the international development community. Moreover, partnership with...
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increases in trade and significant declines in tariffs. Their growth rates accelerated between the 1970s and the 1980s and again …-country variations in trade and growth. After controlling for changes in other policies and addressing endogeneity with internal … instruments, they find that trade has a strong positive effect on growth. Finally, the authors examine the effects of trade on the …
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In Asia inequality in income between countries is more important than inequality within countries. In Africa, Latin America, and western Europe and North America, by contrast, there are only small differences between countries; inequality within countries is more important. And when countries...
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Globalization has expanded both opportunities and risks. How should responsibilities be allocated [and coordinated] between the global financial institutions that developed in the 1940s and the regional financial institutions that began developing in the 1960s? Can growth-oriented policies be...
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