Titlebook: Economics in a Changing World; Volume 4: Developmen Edmar L. Bacha Book 1994 International Economic Association 1994 competition.economic d

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International Constraints and Economic Policy-Making in African Countries in ways that have made countries interdependent. International linkages through the balance of payments permit spillovers, internationally, of the effects of policy actions and non-policy disturbances, but they also impose constraints on the types and extent of use of various instruments that polic

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結(jié)合

The Unorthodox Response of the South African Economy to Changes in Macroeconomic Policyllowed the nominal exchange rate to fall and tried to achieve a positive real cost of borrowing. The response to these policy changes should have been more rapid growth of exports, especially labour-intensive exports, and a greater use of labour throughout the economy. Indeed, exports did grow fast