This paper links the current problems of protectionism and debt in the global economy to certain longer-term trends and "structural" weaknesses of developed and developing countries exposed by the supply shocks of the 1970's. These are the possibilities of an emerging global shortage of savings; the explosive growth of social expenditures in OECD countries; a fiscal problem of prospective structural public sector deficits in both developed and developing...
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1984/07/01
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Рабочий документ департамента
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DRD104
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1
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1
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2013/03/11
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Disclosed
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Government deficits, the real interest rate and LDC debt : on global crowding out
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real interest rate
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