Economic stagnation, fixed factor, and policy thresholds.
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TextPublication details: Washington : World Bank, 1991.Subject(s): Summary: Argues that economic policies and not initial conditions determine whether countries stagnate. Also argues that black market premium on foreign exchange is an important factor in stagnation.
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Argues that economic policies and not initial conditions determine whether countries stagnate. Also argues that black market premium on foreign exchange is an important factor in stagnation.
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