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Essay

Power Play in the Global Economy

Essay specific features

 

Issue:

Business

 

Written by:

Fidel R

 

Date added:

June 1, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 445

 

Was viewed:

5297 times

 

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Essay content:

In the first half of the 20th century, the leaders of the major Latin American countries realized that they were facing declining terms of trade with their commodity exports and felt they needed to become independent of imports of high-value goods and produce their own by closing their economies. Rosenberg argues that the strategy produced initial success and growth, but ultimately failed because of inefficiencies, uncompetitiveness, heavy borrowing, and high deficits...
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Rosenberg argues that the strategy produced initial success and growth, but ultimately failed because of inefficiencies, uncompetitiveness, heavy borrowing, and high deficits. The situation contrasted with the path of the East Asian "tiger" economies which generally demanded technology transfer, a local production content of imports into their countries, and generally a greater voice in any investment...
displayed 300 characters

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