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Par Michel VERLAINE, ICN Business School *
Recent and current events clearly indicate that geopolitics and notably financial geopolitics play a major role in shaping and understanding countries’ respective economic environments. Indeed, especially for smaller countries, macro-economic models are not very useful as a forecasting tool as they are mainly dependent on external and strategic factors.
Luxembourg being a case in point, as given its size, it is largely dependent on how it is positioning itself in the international financial architecture, which implies the analysis of internal structural factors and the eventual strategic reaction of competitors....
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