Evaluating the possible gains and risks of deeper globalisation for Palomia before accepting the IMF/WB recommendations Custom Essay
Palomia is a developing but landlocked, country with an average per capita of $3500 at market exchange rates. Its population of 20 million is 35% urban. The government hopes to diversify its export base which at the moment is primarily raw materials including a small amount of coltan. An IMF/World Bank(WB) report has urged the government to engage more with globalisation which it says will result in more trade, more foreign investment and more knowledge transfer and faster economic growth.
The government asks you to write a report evaluating the possible gains and risks of deeper globalisation for Palomia before accepting the IMF/WB recommendations.
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