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1by Palley, Thomas I.“…The paper also describes how globalization created a political economy that supported the system despite its proclivity to generate trade imbalances."…”
Published 2014
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2by Palley, Thomas I.“…Additionally, the creation of the euro ensconced a flawed monetary system that fosters public debt crisis and the political economy of fiscal austerity. Lastly, during this period of postponement, Germany sought to avoid stagnation via export-led growth based on wage repression. …”
Published 2013
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