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Stas Holodnak

Downward Dollar Delivers Blow to Outsourcing

Mises Daily

Author: Stas Holodnak

Online Publish Date: February 13, 2008

Category: Production Theory, Financial Markets, Global Economy

The slowdown of the American economy and the ensuing devaluation of the US dollar deliver gloomy headlines as timely as weather forecasts. The weakening currency may excite entrepreneurs anticipating increased exports. As well, it might have a stimulating effect for American professionals who are paid in return for our services. However, the

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