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intertemporal analysis of foreign borrowing An for developing economies* –
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... for example, were large-scale foreign capital inflows into Asian financial systems that became vulnerable to panic. (Radelet and Sachs, 1998). Questions arise again as to whether those countries have been borrowing too much and whether creditors have overextended themselves. In this context, it is m ...
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... notion that Western values and ideas disseminated by Western mass media could help transform countries of the Middle East from traditional and primitive nations into countries with modern forms of social, economic, and political organization.2 The first epigraph at the head of this chapter obviously ...
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... appropriate summary of what the “welfare state” in Europe actually does: social insurance mechanisms are a more appropriate reference. These deep and persistent differences between Europe and the U.S. are well interpreted in many historical and political aspects. A more theoretical perspective is de ...
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Development theory

Development theory is a conglomeration or a collective vision of theories about how desirable change in society is best achieved. Such theories draw on a variety of social science disciplines and approaches. In this article, multiple theories are discussed, as are recent developments with regard to these theories.
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