Managing firms throughout the business cycle

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The first decade of the 21st century has been a rollercoaster ride for economic activity. Business confidence was high at the start of the millennium. This was particularly fuelled by the growth of the internet as a means of buying and selling. A lot of companies have developed websites and there has been a rapid increase in online purchasing. At the same time a number of countries opened up their markets to international trade. For example, Poland and the Baltic States of Estonia, Latvia and…

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