It worked fine, and would still be working today if not for World War I, and soon after, the rise of Keynesian notions that governments could manage their economies by jiggering the currency.
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People talk again and again of the importance of public education for the United States as a whole, if not for the world.
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Not blistering growth at least not for the developed world which they project grows 1.6% this year and 1.9% next.
While this may be true in military terms, it is not the case for world politics nor the global economy.
"The question of violence is a constant concern not only for the World Cup, but for other big events, " he said.
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However the emotion-riddled debate over Marketplace Fairness ends up, the days of tax-free clicks are probably not long for this world.
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The Manchester City midfielder, 34, was not selected for the World Cup but was a member of the triumphant 1998 squad.
And the rest period should ensure Pietersen is fully fit, not only for the World Twenty20, but also the Ashes series against Australia this summer.
"I wanted to lose weight to challenge myself and show myself I can change, and not change for the world, " Garcia wrote in her iReport.
"All profiles must be uploaded and the failure is not acceptable for a world-class DNA lab that prides itself on accuracy and attention to detail, " the lab said.
The 24-year-old was not selected for the World Cup being played in India, Sri Lanka and Bangladesh, but told coach Andy Flower about his sexuality before the tournament started this month.
And the coach acknowledged afterwards that his team has much to do to avoid defeat in South Africa, not least at the hands of England, and improve on their abject performance against an Irish side who have not qualified for the World Cup.
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That there is one world that produces many different observations, not a different world for each observer.
In practice, this would be fine for some small countries, but it is not too practical for the world as a whole because it would require a very large amount of gold.
All Americans pay an economic price for this lazy form of teaching because our students are not as ready for the world economy as a result.
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But what makes sense for individual countries may not make sense for the rich world as a whole.
Unlike Americans, who have a clear message for the world, the Chinese do not have a vision for themselves, let alone to influence the world.
Speaking earlier to BBC News, Mr Osborne said a solution to the eurozone debt crisis must be found by the time the Group of 20 nations meet next month and failure to do so would be "terrible not just for Britain, not just for Europe, but for the entire world economy".
The Guardian newspaper got readers to write letters to the "undecided voters" of tiny Clark County, Ohio and suggest to them that Kerry was the better U.S. president for the rest of the world, if not for them.
Savvy marketers in the not-for-profit world understand the importance of engaging brand experiences as well.
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Roddick has not yet qualified for the World Tour finals in London next month.
And things were not much better for former world champion Jacques Villeneuve as he made a mistake at the first corner.
Hopping into the not-for-profit world can also help in landing a job when the world of money gets back into orbit.
"We came to South Africa to win this tournament, not just qualify for the World Cup, " said delighted Ireland skipper Porterfield afterwards.
It is not good for the Free World to have such uncertainty about the word of the President of the United States.
But Henry, who has not qualified for the Embassy World Championship later this month, hit back to grab the last two frames for a famous win.
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Not so much in Tokelau, where its three atolls of Atafu, Fakaofo and Nukunonu may not be long for this world, due to rising sea levels as a result of climate change.
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Makers are not the salvation for our world economies, but the problem-solving that comes out of the DIY, Fixer, Maker movements is more in tune with how companies grow than cutting jobs and closing stores.
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American Airlines and any other company that can't fulfill its core mission on a regular basis, whether it's safe and efficient airline travel or safe peanut butter or cynanide-free Tylenol, may not be long for this world.
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