Dahlman lecture

Brazil and russia are the two countries that use a

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Unformatted text preview: ise of US. In 1950, both China and India pretty much hit rock bottom Both missed the Industrial Revolution Challenges and Opportunities for the World: Opportunities: Five positive impacts: Growing markets Lower prices of goods and services for importers Higher prices for natural resource and commodity exporters Lower interest rates for world Financial flows and investments in the rest of the world Five negative impacts: Big competition for manufacturing goods exports Increase in price on natural resources and commodities Downward pressure on wages Rapid technological catch- up through copying and imitation, plus now large Negative impacts on the environment: Look at ecological footprint chart, by 1980’s the world...
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This document was uploaded on 03/27/2014 for the course STIA 305 at Georgetown.

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