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Alternative trade strategies and employment in LDC's (Английский)

The 1970s have witnessed significant changes in the trade policies and strategies of many LDCs. In the 1950s and 1960s most of them adhered to policies of import substitution behind highly restrictive quantitative controls, intensified by overevaluation of the exchange rate with attendant disincentives for export. In the past decade, there has been a marked reduction in the degree of bias toward import substitution. Even in countries where quantitative...
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