This would also be true for disputes regarding transactions for which a court in another jurisdiction is competent; in the end, the same contractual terms are at stake. Therefore, the standardization efforts in the globalised markets can be partly hampered by decentralized and non-coordinated dispute resolution and interpretation of contractual terms.
BIS central bankers’ speeches  3  resources from agriculture to manufacturing) allow the achievement of high rates of economic growth. As the opportunities brought about by starting from behind dilute with increased levels of income, potential growth declines. Unfortunately, the efforts of structural reform in EMEs stagnated in recent years.