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What are the features of the OMC process
Participation is also seen as a central feature of the OMC process, especially if it is to be extended beyond 'top-down' to encompass 'bottom-up' learning. Again in the development policy context 'participation' is seen as crucial to the effectiveness of aid programmes. Grassroots participation can easily be accommodated within the context of a broader OMC 'bottom-up' approach.
State in brief aboput the Monetary Effects Besides real income effects there will also be monetary effects if nations seek to intervene in foreign exchange markets which govern
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