Puerto Rico
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The Myth of Lower Prices: Do Multinationals Save Us Money?
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The most commonly cited argument in favor of the expansion of multinational retailers is one of costs and benefits. Proponents argue that the cost of the proliferation of multinational corporations—displacing local retailers who create more employment per dollar of sales—are outweighed by the benefit of lower retail prices. However, the…
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Default Risk Dangers: The Effect of Downgrades in Public Credit on the Economy
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Declining trust in a government’s fiscal health and a negative economic outlook often go hand in hand. It is generally accepted that the effects of a declining economy, such as an eroding tax base and an increasing need for public services, can strain a government’s budget. A new study, however,…