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The political economy of economic liberalization (Английский)

Two of the major policy problems facing governments of developing countries in the 1980s have been unsustainable external and internal disequilibria, and implementation of politically feasible stabilization cum liberalization programs which become necessary to correct these imbalances. This article discusses these "crises" and subsequent policy reform. The analysis suggests that balance of payments and fiscal deficits are frequently the result of...
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