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Economic Stability
A state where an economy experiences steady growth, low inflation, and low unemployment rates over time.
Catching-up Growth
Economic strategy aimed at enabling developing countries to achieve rapid economic growth and reach the standards of more developed countries.
Brazil, Russia, India, China
Collectively known as BRIC, these countries were identified as fast-growing developing economies with significant influence on regional and global affairs.
Long-reaching Effects
Impacts or consequences of an event, decision, or policy that extend over a long period of time or into future generations.
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