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Another Oil Shock?

Tuesday, April 23, 2002

arsip tempo : 174580207841.

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Rudi Dornbusch*
*Ford Professor of Economics at MIT and a former chief economic advisor to both the World Bank and IMF.

 

The Middle East conflict—Palestine versus Israel now, Iraq to come—creates serious risks for growth and financial stability. To understand the severity of these risks, let's work backwards from what is unlikely to happen.

All grandstanding notwithstanding, neither Iraq nor Iran will mount an effective oil

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