Word: confidenceã
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Cellucci said the U.S. and Canada must build a “zone of confidence?? that encompasses both North American nations. Within the zone, the two countries would implement comparable security measures, share intelligence and coordinate their standards for screening immigrants...
...most smaller nations, saddled with debt to the World Bank, IMF and northern investors, don’t have much of an option: with poorly capitalized markets, opting out of a trade agreement offered by the North would most likely precipitate a sudden fall in “investor confidence?? among foreign investors, a corresponding crash in currency value and a decline in economic growth. It is easier for less-powerful nations to opt into trade agreements in order to maintain investor confidence, promote investment and pay off their debt. Second, in the negotiation of such a treaty...