larger economies

Why Might It Be Good For Countries To Export More Goods?

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Why Might It Be Good For Countries To Export More Goods? They gain expertise in producing goods and services, and they gain knowledge about how to sell to foreign markets. The more a country exports, the greater its competitive advantage. Governments encourage exports because they increase jobs, bring in higher wages, and raise the standard

Do Low Interest Rates Harm Innovation Competition And Productivity Growth?

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Do Low Interest Rates Harm Innovation Competition And Productivity Growth? Do Low Interest Rates harm innovation competition and productivity growth? The three co-authors’ model suggests that very low interest rates can reduce industry competition, investment, and overall productivity growth in the economy. They develop a model in which a decline in interest rates has two