Essays: at least ½ pg single spaced for each answer.
1. What parallels do you see between the current Euro and USA banking crises and the 1980’s Latin American Debt Crisis?
2. Explain how an oil boom or a high-tech boom, in a country with traditional manufacturing or traditional agriculture, may lead both to a bubble in non-traded goods as well as deindustrialization or de-agriculturalization.
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