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Unformatted text preview: also has its strength to be studied. The surpassing of Argentina by Japan, both with positive growth in the long run, is characterized that after WWII, Japan succeeded in partially catching up with America while Argentina failed to keep up with America, and all tghese happened in a world where trade outgrows output, with Japanese-America trade booming at rates outp[acing the Argentinean-American trade. West Non-West Latin America Africa W. Europe E. Asia USA Leader Followers The benchmark model Jpn Arg...
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- Fall '08