ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Kerala- Too Clever by Half

part of this advantage in the form of not only revaluation of the yen but also dilution of import restrictions and export incentives and dismantling of exchange controls. The United States, on the other hand, has enjoyed enormous political and economic benefits because the dollar's status as the world's reserve currency has enabled it to run persistent large balance of payments deficits to sustain its worldwide economic, political and military network.

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