"scissors crisis" meaning in English

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  "lang_code": "en",
  "pos": "noun",
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        {
          "ref": "1993, Stuart Corbridge, “Ethics in Development Studies: The Example of Debt”, in Frans J. Schuurman, editor, Beyond the Impasse: New Directions in Development Theory, →ISBN, page 126:",
          "text": "Meanwhile, real commodity prices were falling sharply for most non-oil products as the world economy moved into its deepest recession since the 1930s. With the debtor countries also facing a strong and ever-strengthening US dollar in the early-mid 1980s, it is perhaps not surprising that Brazil and Venezuela (in 1983) followed Mexico (August 1982) into default on their debt repayments. All of these countries were caught in a scissors crisis not apparently of their own making.",
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      ],
      "glosses": [
        "An economic crisis caused by price scissors, that is, an unfavourable divergence in the prices paid by a particular group or country for products that it needs as against the prices of the products that it produces."
      ],
      "id": "en-scissors_crisis-en-noun-Q4dX1LgV",
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          "economics",
          "economics"
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        [
          "economic crisis",
          "economic crisis"
        ],
        [
          "price scissors",
          "price scissors"
        ],
        [
          "divergence",
          "divergence"
        ],
        [
          "price",
          "price"
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          "country",
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          "product",
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        "(economics) An economic crisis caused by price scissors, that is, an unfavourable divergence in the prices paid by a particular group or country for products that it needs as against the prices of the products that it produces."
      ],
      "topics": [
        "economics",
        "sciences"
      ]
    }
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  "word": "scissors crisis"
}

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  "lang_code": "en",
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          "ref": "1993, Stuart Corbridge, “Ethics in Development Studies: The Example of Debt”, in Frans J. Schuurman, editor, Beyond the Impasse: New Directions in Development Theory, →ISBN, page 126:",
          "text": "Meanwhile, real commodity prices were falling sharply for most non-oil products as the world economy moved into its deepest recession since the 1930s. With the debtor countries also facing a strong and ever-strengthening US dollar in the early-mid 1980s, it is perhaps not surprising that Brazil and Venezuela (in 1983) followed Mexico (August 1982) into default on their debt repayments. All of these countries were caught in a scissors crisis not apparently of their own making.",
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      "glosses": [
        "An economic crisis caused by price scissors, that is, an unfavourable divergence in the prices paid by a particular group or country for products that it needs as against the prices of the products that it produces."
      ],
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          "economics",
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          "price scissors",
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        "(economics) An economic crisis caused by price scissors, that is, an unfavourable divergence in the prices paid by a particular group or country for products that it needs as against the prices of the products that it produces."
      ],
      "topics": [
        "economics",
        "sciences"
      ]
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  "word": "scissors crisis"
}