Buy custom Comparative Economics: U.K. vs. Japan
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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1741 |
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This act allowed for the free movement of goods among members of the European Union. The British pound was tied to EU exchange rates, using the Deutsche Mark as a basis, as part of the Exchange Rate Mechanism(ERM); however, this resulted in disaster for Britain. "Black Wednesday" in 1992 ended British membership of the ERM but also brought about a deep recession, affecting many who had benefitted from the economic boom of the late 1980's...
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"Black Wednesday" in 1992 ended British membership of the ERM but also brought about a deep recession, affecting many who had benefitted from the economic boom of the late 1980's. Since 1979, the British Government has privatized most state-owned companies, including British Steel, British Airways, British Telecom, British Coal, British Aerospace, and British Gas...
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