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economic growthdevelopment clubgrowth policyeconomic transitioneuro areadifferential inflationnew euroeuro memberphillips curveeurope growthgrowth strategieseconomic developmentdevelopment clubswirtschaftliche konvergenzeconomic convergenceinflation convergencephillips kurveeu mitgliedschafteu membershipgrowth theorydeveloping countriesjugoslawien bis 1990 yugoslavia until 1990 question instabilityinstability uncompetitivenessuncompetitiveness growthgrowth slowdownslowdown smallsmall middlemiddle incomeincome countriescountries euroarea competitivecompetitive growthgrowth smallsmall midlemidle incomeincome countrycountry eurozoneeurozone farfar assuredassured persistentpersistent differentialinflation ratesrates newmember countriescountries phillipscurve adoptingadopting euroeuro differentialinflation phillipsphillips curvescurves priceprice competitivenesscompetitiveness newmember countrycountry transitiontransition experienceexperience retrospectretrospect labourlabour marketmarket transformationtransformation vitalvital developmentclub groupingsgroupings europestrategies keynesiankeynesian neoclassicalneoclassical new
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