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Unformatted text preview: a. Are growing, large, and powerful b. The BRICs i. Brazil, Russia, India, China c. Purchasing power parity basis i. How much something in one country would cost relative to in another d. International Reserves i. What the international bank holds in their reserves that the country has earned through all their exports ii. Controversial e. Developing nations engage in costly self-insurance, political freedom is not necessarily conducive to growth i. According to Dani Rodrik ii. The amount of reserves that developing countries are holding is rapidly increasing 1. The developed world needs Capital! iii. Fiscal balance: gov. debt vs. equity 1. Advanced economies run a huge deficit to fund their spending IV.Anne Krueger : “government failures in development” a. Role is to provide infrastructure to facilitate economic development b. Crony Capitalism is bad for growth i. Friends and family plans for senior politicians V. Lecture notes a....
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This note was uploaded on 04/19/2011 for the course BUS 256 taught by Professor Several during the Fall '09 term at Indiana.
- Fall '09