Emerging Markets and Developing Economies Are More Likely to Want

question 70

Short Answer

Emerging markets and developing economies are more likely to want to maintain fixed exchange rates because of their dependence on exports. However, these regimes are often more difficult for them. Why?

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Definitions:

Leviathan

A term originally used to refer to a large sea monster from biblical times, but intellectually expanded by Thomas Hobbes to describe an all-powerful sovereign authority in his political theory.

Rights

Fundamental entitlements and freedoms that every individual is inherently entitled to, often protected by law, such as freedom of speech, right to education, and right to privacy.

Protection

The act or measures taken to guard or defend against harm, damage, or loss, often associated with safety and security protocols.