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Since the mid-1980s the Malagasy government has pursued fiscal and administrative reform along with economic and financial liberalization. These efforts have contributed to steady GDP growth rates since 1995, averaging 4.1 percent between 1997 and 1999. Manufacturing has been keeping pace with GDP, its share hovering around 12 percent. Firms located in Export Processing Zones (EPZs) have experienced tremendous growth, (19 percent a year between 1995...
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