Titlebook: External Imbalances and Policy Constraints in the 1990s; Papers of the Fiftee Chris Milner (Professor of Economics),Nick Snowden Book 1992

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Trade Performance and Innovatory Activity in Britain,nalysis is provided by the Cambridge Econometrics Multisectoral Dynamic Macro-economic model, which emphasises the openness of the UK economy and the variability of its comparative advantage through time.

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The UK Non-oil Trade Balance and External Adjustment,UK borrowing from overseas. Moreover this dramatic deterioration in the current account position occurred concurrently with a strong invisibles surplus (average £6.8 bn per annum, between 1987 and 1989, inclusive), by definition implying that any external balance problem lay in the non-oil trade balance account.

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municipality

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Joanna Cruickshank,Patricia Grimshawage of an international bureaucracy, the International Monetary Fund refers to these current account imbalances as ‘large’ (., p. 7; ., p. 9; ., p. 1; ., p. 1; ., p. 2). As a percentage of GDP, however, Table 10.1 shows that these imbalances are relatively modest compared with those experienced by some other countries over the period 1972–89.