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Twenty years With the Euro

 Twenty years With Euro Twenty years ago, on January 1, 2002, citizens of 12 European countries began using notes and coins ...
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Oil, Economy and Institutions

 Oil, Economy and Institutions The weakness of the economies of countries that possess oil resources is often attributed to these same ...
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change in the world economies

  change in the world economies American economist William Arthur Lewis was awarded the Nobel Prize in Economic Sciences for his analysis ...
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Why did almost no one notice the advent of inflation?

 Why did almost no one notice the advent of inflation? Inflation is not nearly as bad as the financial crisis, especially ...
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Twenty years With the Euro

 Twenty years With Euro Twenty years ago, on January 1, 2002, citizens of 12 European countries began using notes and coins with the new euro currency. In doing so, an unrealistic project - symbolizing a period when European leaders were bold enough to embrace the unknown - turned into a reality.This perfect and flawless transformation culminated in an endeavor that was imagined in the 1970s, conceived in the 1980s, and negotiated in the 1990s. The hopes and expectations were very high: the euro's supporters hoped that it would bring about economic and financial integration, policy convergence, political inclusion, and global influence.Two ...
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Oil, Economy and Institutions

 Oil, Economy and Institutions The weakness of the economies of countries that possess oil resources is often attributed to these same resources without reference to successful experiences and their causes, the most important of which are institutions.In general, institutions play an important role in improving or underdeveloping the economy in any country.If these institutions are real and effective in performing the role required of them in a professional and impartial manner, they will contribute to improving the performance of the economy and vice versa.That is, if the institutions are not real and inactive or active, but we are unprofessional and not ...
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change in the world economies

  change in the world economies American economist William Arthur Lewis was awarded the Nobel Prize in Economic Sciences for his analysis of growth dynamics in developing countries. With good reason, its conceptual framework has proven critical in understanding and directing structural change for many emerging economies.The basic plan advocated by Lewis is for developing countries to begin their growth by expanding their export sectors, which absorb surplus labor in old sectors like agriculture. As financial gain and purchasing power increase, domestic sectors develop alongside market sectors. Productivity and incomes in predominantly urban productive sectors tend to be three to four times higher ...
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