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编者按: 美国全国经济研究所(NBER)是美国最大的经济学研究组织,其发布的 工作论文代表着经济学研究最新的成果, 每周一发布新论文 。本周(2.3-2.9)共发布 32 篇新工作论文,本期将会推送前 11 篇论文的题目与摘要,供读者学习。 学术财经研究团队翻译。 1 Trade Policy, Exchange Rates, and the Globalization Surge of the 1990s 贸易政策、汇率与 1990 年代全球化浪潮 Douglas A. Irwin #33426 Abstract: The decision by developing countries to open up their economies to foreign trade and investment in the 1980s and 1990s was a momentous event in world history. How and why did this trade policy revolution take place? Most accounts of trade politics stress domestic interest groups or trade agreements as driving policy changes, but these explanations fail in this period. This paper notes that many import restrictions were imposed for balance of payments purposes, as a way of avoiding a
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