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Debt and Export Strategies Have Limits
Policymakers are inclined to rely on debt as a familiar strategy, but this approach may lead to larger debt burdens. Additionally, while exporting has traditionally allowed emerging markets to reduce prices for consumers in the developed world, there is now significant resistance in Western nations against foreign supply interfering with local producers. As a result, both the debt and export playbooks face substantial limitations, indicating a challenging economic landscape with no straightforward solutions.