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The World Bank has been critiqued, especially since the 1990's, for rejecting the Washington Consensus of policy measures to improve emerging economies. Gross National Product
The World Bank has been critiqued, especially since the 1990's, for rejecting the Washington Consensus of policy measures to improve emerging economies. Gross National Product measures what we produce on our nation's national territory whereas Gross Domestic Product adds in what we produce including the informal sector. Mexico's Peso Crisis of 1994, when the Peso lost half of its value against the US Dollar, is a classic example of a debt crisis
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