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What are the costs of fixing the exchange rate?
Industrial Policy
Governmental initiatives aimed at improving the competitive stance and capabilities of domestic industries and encouraging economic development.
Economic Development
The process by which a nation improves the economic, political, and social well-being of its people.
Government
The organization or system through which a community or society is governed, often involving institutions and political mechanisms.
Less Developed
A term referring to countries with lower levels of industrialization, lower standard of living, and lower Human Development Index (HDI) scores.
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