id sid tid token lemma pos issue-2711 1 1 baltic baltic PROPN issue-2711 1 2 journal journal PROPN issue-2711 1 3 of of ADP issue-2711 1 4 economic economic ADJ issue-2711 1 5 studies study NOUN issue-2711 1 6 9 9 NUM issue-2711 1 7 vol vol NOUN issue-2711 1 8 . . PROPN issue-2711 2 1 11 11 NUM issue-2711 2 2 no no NOUN issue-2711 2 3 . . NOUN issue-2711 2 4 1 1 NUM issue-2711 2 5 , , PUNCT issue-2711 2 6 2025 2025 NUM issue-2711 2 7 this this PRON issue-2711 2 8 is be AUX issue-2711 2 9 an an DET issue-2711 2 10 open open ADJ issue-2711 2 11 access access NOUN issue-2711 2 12 article article NOUN issue-2711 2 13 , , PUNCT issue-2711 2 14 distributed distribute VERB issue-2711 2 15 under under ADP issue-2711 2 16 the the DET issue-2711 2 17 terms term NOUN issue-2711 2 18 of of ADP issue-2711 2 19 the the DET issue-2711 2 20 creative creative ADJ issue-2711 2 21 commons common NOUN issue-2711 2 22 attribution attribution NOUN issue-2711 2 23 cc cc VERB issue-2711 2 24 by by ADP issue-2711 2 25 4.0 4.0 NUM issue-2711 2 26 1 1 NUM issue-2711 2 27 baltic baltic PROPN issue-2711 2 28 international international PROPN issue-2711 2 29 academy academy PROPN issue-2711 2 30 , , PUNCT issue-2711 2 31 latvia latvia PROPN issue-2711 2 32 e e PROPN issue-2711 2 33 - - NOUN issue-2711 2 34 mail mail NOUN issue-2711 2 35 : : PUNCT issue-2711 2 36 jurijs.baltgailis@bsa.edu.lv jurijs.baltgailis@bsa.edu.lv NOUN issue-2711 2 37 orcid orcid NOUN issue-2711 2 38 : : PUNCT issue-2711 2 39 https://orcid.org/0000-0002-4163-1680 https://orcid.org/0000-0002-4163-1680 PROPN issue-2711 2 40 2 2 NUM issue-2711 2 41 state state NOUN issue-2711 2 42 non non ADJ issue-2711 2 43 - - ADJ issue-2711 2 44 commercial commercial ADJ issue-2711 2 45 company company NOUN issue-2711 2 46 " " PUNCT issue-2711 2 47 state state NOUN issue-2711 2 48 university university NOUN issue-2711 2 49 " " PUNCT issue-2711 2 50 kyiv kyiv PROPN issue-2711 2 51 aviation aviation PROPN issue-2711 2 52 institute institute PROPN issue-2711 2 53 " " PUNCT issue-2711 2 54 , , PUNCT issue-2711 2 55 ukraine ukraine PROPN issue-2711 2 56 ( ( PUNCT issue-2711 2 57 corresponding correspond VERB issue-2711 2 58 author author NOUN issue-2711 2 59 ) ) PUNCT issue-2711 3 1 e e NOUN issue-2711 3 2 - - NOUN issue-2711 3 3 mail mail NOUN issue-2711 3 4 : : PUNCT issue-2711 3 5 anastasiia.simakhova@npp.nau.edu.ua anastasiia.simakhova@npp.nau.edu.ua NUM issue-2711 3 6 orcid orcid NOUN issue-2711 3 7 : : PUNCT issue-2711 3 8 https://orcid.org/0000-0001-7553-4531 https://orcid.org/0000-0001-7553-4531 PROPN issue-2711 3 9 3 3 NUM issue-2711 3 10 baltic baltic PROPN issue-2711 3 11 international international PROPN issue-2711 3 12 academy academy PROPN issue-2711 3 13 , , PUNCT issue-2711 3 14 latvia latvia PROPN issue-2711 3 15 e e PROPN issue-2711 3 16 - - NOUN issue-2711 3 17 mail mail NOUN issue-2711 3 18 : : PUNCT issue-2711 3 19 stanislavs.buka@bsa.edu.lv stanislavs.buka@bsa.edu.lv PROPN issue-2711 3 20 orcid orcid NOUN issue-2711 3 21 : : PUNCT issue-2711 3 22 https://orcid.org/0000-0002-4235-8890 https://orcid.org/0000-0002-4235-8890 NOUN issue-2711 3 23 doi doi NOUN issue-2711 3 24 : : PUNCT issue-2711 3 25 https://doi.org/10.30525/2256-0742/2025-11-1-9-23 https://doi.org/10.30525/2256-0742/2025-11-1-9-23 NOUN issue-2711 3 26 state state NOUN issue-2711 3 27 and and CCONJ issue-2711 3 28 private private ADJ issue-2711 3 29 digital digital ADJ issue-2711 3 30 platforms platform NOUN issue-2711 3 31 : : PUNCT issue-2711 3 32 how how SCONJ issue-2711 3 33 can can AUX issue-2711 3 34 the the DET issue-2711 3 35 next next ADJ issue-2711 3 36 technological technological ADJ issue-2711 3 37 breakthrough breakthrough NOUN issue-2711 3 38 be be AUX issue-2711 3 39 achieved achieve VERB issue-2711 3 40 ? ? PUNCT issue-2711 4 1 jurijs jurijs PROPN issue-2711 4 2 baltgailis1 baltgailis1 PROPN issue-2711 4 3 , , PUNCT issue-2711 4 4 anastasiia anastasiia PROPN issue-2711 4 5 simakhova2 simakhova2 PROPN issue-2711 4 6 , , PUNCT issue-2711 4 7 stanislavs stanislavs ADJ issue-2711 4 8 buka3 buka3 NOUN issue-2711 4 9 abstract abstract ADJ issue-2711 4 10 . . PUNCT issue-2711 5 1 the the DET issue-2711 5 2 article article NOUN issue-2711 5 3 is be AUX issue-2711 5 4 devoted devote VERB issue-2711 5 5 to to ADP issue-2711 5 6 the the DET issue-2711 5 7 analysis analysis NOUN issue-2711 5 8 of of ADP issue-2711 5 9 the the DET issue-2711 5 10 possibilities possibility NOUN issue-2711 5 11 of of ADP issue-2711 5 12 new new ADJ issue-2711 5 13 technologies technology NOUN issue-2711 5 14 to to PART issue-2711 5 15 become become VERB issue-2711 5 16 the the DET issue-2711 5 17 basis basis NOUN issue-2711 5 18 of of ADP issue-2711 5 19 the the DET issue-2711 5 20 next next ADJ issue-2711 5 21 world world NOUN issue-2711 5 22 cycle cycle NOUN issue-2711 5 23 and and CCONJ issue-2711 5 24 to to PART issue-2711 5 25 create create VERB issue-2711 5 26 trends trend NOUN issue-2711 5 27 in in ADP issue-2711 5 28 labour labour PROPN issue-2711 5 29 productivity productivity NOUN issue-2711 5 30 , , PUNCT issue-2711 5 31 which which PRON issue-2711 5 32 many many ADJ issue-2711 5 33 countries country NOUN issue-2711 5 34 of of ADP issue-2711 5 35 the the DET issue-2711 5 36 world world NOUN issue-2711 5 37 are be AUX issue-2711 5 38 facing face VERB issue-2711 5 39 . . PUNCT issue-2711 6 1 the the DET issue-2711 6 2 subject subject NOUN issue-2711 6 3 of of ADP issue-2711 6 4 the the DET issue-2711 6 5 study study NOUN issue-2711 6 6 is be AUX issue-2711 6 7 new new ADJ issue-2711 6 8 technologies technology NOUN issue-2711 6 9 and and CCONJ issue-2711 6 10 their their PRON issue-2711 6 11 impact impact NOUN issue-2711 6 12 on on ADP issue-2711 6 13 economic economic ADJ issue-2711 6 14 development development NOUN issue-2711 6 15 . . PUNCT issue-2711 7 1 the the DET issue-2711 7 2 purpose purpose NOUN issue-2711 7 3 of of ADP issue-2711 7 4 the the DET issue-2711 7 5 article article NOUN issue-2711 7 6 is be AUX issue-2711 7 7 to to PART issue-2711 7 8 highlight highlight VERB issue-2711 7 9 the the DET issue-2711 7 10 economic economic ADJ issue-2711 7 11 trends trend NOUN issue-2711 7 12 of of ADP issue-2711 7 13 new new ADJ issue-2711 7 14 technologies technology NOUN issue-2711 7 15 , , PUNCT issue-2711 7 16 which which PRON issue-2711 7 17 will will AUX issue-2711 7 18 become become VERB issue-2711 7 19 the the DET issue-2711 7 20 basis basis NOUN issue-2711 7 21 for for ADP issue-2711 7 22 the the DET issue-2711 7 23 rise rise NOUN issue-2711 7 24 of of ADP issue-2711 7 25 the the DET issue-2711 7 26 next next ADJ issue-2711 7 27 world world NOUN issue-2711 7 28 economic economic ADJ issue-2711 7 29 cycle cycle NOUN issue-2711 7 30 and and CCONJ issue-2711 7 31 create create VERB issue-2711 7 32 trends trend NOUN issue-2711 7 33 of of ADP issue-2711 7 34 increasing increase VERB issue-2711 7 35 labour labour NOUN issue-2711 7 36 productivity productivity NOUN issue-2711 7 37 , , PUNCT issue-2711 7 38 with with ADP issue-2711 7 39 the the DET issue-2711 7 40 decline decline NOUN issue-2711 7 41 of of ADP issue-2711 7 42 which which PRON issue-2711 7 43 most most ADJ issue-2711 7 44 countries country NOUN issue-2711 7 45 of of ADP issue-2711 7 46 the the DET issue-2711 7 47 world world NOUN issue-2711 7 48 have have AUX issue-2711 7 49 been be AUX issue-2711 7 50 confronted confront VERB issue-2711 7 51 . . PUNCT issue-2711 8 1 the the DET issue-2711 8 2 article article NOUN issue-2711 8 3 employs employ VERB issue-2711 8 4 a a DET issue-2711 8 5 range range NOUN issue-2711 8 6 of of ADP issue-2711 8 7 analytical analytical ADJ issue-2711 8 8 and and CCONJ issue-2711 8 9 synthetic synthetic ADJ issue-2711 8 10 methods method NOUN issue-2711 8 11 , , PUNCT issue-2711 8 12 as as ADV issue-2711 8 13 well well ADV issue-2711 8 14 as as ADP issue-2711 8 15 systematic systematic ADJ issue-2711 8 16 and and CCONJ issue-2711 8 17 comparative comparative ADJ issue-2711 8 18 data datum NOUN issue-2711 8 19 analysis analysis NOUN issue-2711 8 20 . . PUNCT issue-2711 9 1 the the DET issue-2711 9 2 information information NOUN issue-2711 9 3 base base NOUN issue-2711 9 4 of of ADP issue-2711 9 5 the the DET issue-2711 9 6 article article NOUN issue-2711 9 7 comprises comprise VERB issue-2711 9 8 scientific scientific ADJ issue-2711 9 9 articles article NOUN issue-2711 9 10 , , PUNCT issue-2711 9 11 monographs monograph NOUN issue-2711 9 12 and and CCONJ issue-2711 9 13 open open ADJ issue-2711 9 14 statistical statistical ADJ issue-2711 9 15 data datum NOUN issue-2711 9 16 from from ADP issue-2711 9 17 internet internet NOUN issue-2711 9 18 resources resource NOUN issue-2711 9 19 . . PUNCT issue-2711 10 1 the the DET issue-2711 10 2 article article NOUN issue-2711 10 3 provides provide VERB issue-2711 10 4 an an DET issue-2711 10 5 analysis analysis NOUN issue-2711 10 6 of of ADP issue-2711 10 7 trends trend NOUN issue-2711 10 8 in in ADP issue-2711 10 9 the the DET issue-2711 10 10 development development NOUN issue-2711 10 11 of of ADP issue-2711 10 12 digital digital ADJ issue-2711 10 13 currencies currency NOUN issue-2711 10 14 . . PUNCT issue-2711 11 1 the the DET issue-2711 11 2 article article NOUN issue-2711 11 3 examines examine VERB issue-2711 11 4 indicators indicator NOUN issue-2711 11 5 of of ADP issue-2711 11 6 labour labour NOUN issue-2711 11 7 productivity productivity NOUN issue-2711 11 8 , , PUNCT issue-2711 11 9 inflation inflation NOUN issue-2711 11 10 rate rate NOUN issue-2711 11 11 , , PUNCT issue-2711 11 12 gdp gdp NOUN issue-2711 11 13 growth growth NOUN issue-2711 11 14 rate rate NOUN issue-2711 11 15 , , PUNCT issue-2711 11 16 public public ADJ issue-2711 11 17 debt debt NOUN issue-2711 11 18 . . PUNCT issue-2711 12 1 the the DET issue-2711 12 2 research research NOUN issue-2711 12 3 has have AUX issue-2711 12 4 shown show VERB issue-2711 12 5 that that SCONJ issue-2711 12 6 for for ADP issue-2711 12 7 the the DET issue-2711 12 8 last last ADJ issue-2711 12 9 20 20 NUM issue-2711 12 10 years year NOUN issue-2711 12 11 there there PRON issue-2711 12 12 has have AUX issue-2711 12 13 been be AUX issue-2711 12 14 no no DET issue-2711 12 15 stable stable ADJ issue-2711 12 16 sustainable sustainable ADJ issue-2711 12 17 growth growth NOUN issue-2711 12 18 of of ADP issue-2711 12 19 labour labour NOUN issue-2711 12 20 productivity productivity NOUN issue-2711 12 21 , , PUNCT issue-2711 12 22 gdp gdp NOUN issue-2711 12 23 growth growth NOUN issue-2711 12 24 has have AUX issue-2711 12 25 slowed slow VERB issue-2711 12 26 down down ADP issue-2711 12 27 , , PUNCT issue-2711 12 28 which which PRON issue-2711 12 29 in in ADP issue-2711 12 30 recent recent ADJ issue-2711 12 31 years year NOUN issue-2711 12 32 has have AUX issue-2711 12 33 practically practically ADV issue-2711 12 34 not not PART issue-2711 12 35 grown grow VERB issue-2711 12 36 , , PUNCT issue-2711 12 37 the the DET issue-2711 12 38 most most ADV issue-2711 12 39 developed develop VERB issue-2711 12 40 countries country NOUN issue-2711 12 41 are be AUX issue-2711 12 42 increasing increase VERB issue-2711 12 43 public public ADJ issue-2711 12 44 debt debt NOUN issue-2711 12 45 , , PUNCT issue-2711 12 46 as as SCONJ issue-2711 12 47 the the DET issue-2711 12 48 stagnation stagnation NOUN issue-2711 12 49 of of ADP issue-2711 12 50 labour labour NOUN issue-2711 12 51 productivity productivity NOUN issue-2711 12 52 does do AUX issue-2711 12 53 not not PART issue-2711 12 54 allow allow VERB issue-2711 12 55 to to PART issue-2711 12 56 make make VERB issue-2711 12 57 projected project VERB issue-2711 12 58 budgets budget NOUN issue-2711 12 59 and and CCONJ issue-2711 12 60 pay pay VERB issue-2711 12 61 old old ADJ issue-2711 12 62 debts debt NOUN issue-2711 12 63 . . PUNCT issue-2711 13 1 this this PRON issue-2711 13 2 suggests suggest VERB issue-2711 13 3 that that SCONJ issue-2711 13 4 further further ADJ issue-2711 13 5 economic economic ADJ issue-2711 13 6 growth growth NOUN issue-2711 13 7 requires require VERB issue-2711 13 8 a a DET issue-2711 13 9 new new ADJ issue-2711 13 10 wave wave NOUN issue-2711 13 11 of of ADP issue-2711 13 12 technological technological ADJ issue-2711 13 13 progress progress NOUN issue-2711 13 14 , , PUNCT issue-2711 13 15 which which PRON issue-2711 13 16 can can AUX issue-2711 13 17 be be AUX issue-2711 13 18 ensured ensure VERB issue-2711 13 19 by by ADP issue-2711 13 20 an an DET issue-2711 13 21 excess excess NOUN issue-2711 13 22 of of ADP issue-2711 13 23 " " PUNCT issue-2711 13 24 cheap cheap ADJ issue-2711 13 25 money money NOUN issue-2711 13 26 " " PUNCT issue-2711 13 27 . . PUNCT issue-2711 14 1 debt debt NOUN issue-2711 14 2 is be AUX issue-2711 14 3 growing grow VERB issue-2711 14 4 and and CCONJ issue-2711 14 5 serves serve VERB issue-2711 14 6 as as ADP issue-2711 14 7 an an DET issue-2711 14 8 additional additional ADJ issue-2711 14 9 emission emission NOUN issue-2711 14 10 of of ADP issue-2711 14 11 money money NOUN issue-2711 14 12 that that PRON issue-2711 14 13 is be AUX issue-2711 14 14 hastily hastily ADV issue-2711 14 15 thrown throw VERB issue-2711 14 16 into into ADP issue-2711 14 17 the the DET issue-2711 14 18 economy economy NOUN issue-2711 14 19 , , PUNCT issue-2711 14 20 as as ADP issue-2711 14 21 in in ADP issue-2711 14 22 japan japan PROPN issue-2711 14 23 and and CCONJ issue-2711 14 24 the the DET issue-2711 14 25 us us PROPN issue-2711 14 26 , , PUNCT issue-2711 14 27 for for ADP issue-2711 14 28 example example NOUN issue-2711 14 29 , , PUNCT issue-2711 14 30 but but CCONJ issue-2711 14 31 it it PRON issue-2711 14 32 is be AUX issue-2711 14 33 not not PART issue-2711 14 34 taken take VERB issue-2711 14 35 into into ADP issue-2711 14 36 account account NOUN issue-2711 14 37 that that SCONJ issue-2711 14 38 this this PRON issue-2711 14 39 is be AUX issue-2711 14 40 very very ADV issue-2711 14 41 expensive expensive ADJ issue-2711 14 42 money money NOUN issue-2711 14 43 because because SCONJ issue-2711 14 44 the the DET issue-2711 14 45 interest interest NOUN issue-2711 14 46 on on ADP issue-2711 14 47 the the DET issue-2711 14 48 bonds bond NOUN issue-2711 14 49 issued issue VERB issue-2711 14 50 has have VERB issue-2711 14 51 to to PART issue-2711 14 52 be be AUX issue-2711 14 53 repaid repay VERB issue-2711 14 54 , , PUNCT issue-2711 14 55 which which PRON issue-2711 14 56 places place VERB issue-2711 14 57 an an DET issue-2711 14 58 additional additional ADJ issue-2711 14 59 burden burden NOUN issue-2711 14 60 on on ADP issue-2711 14 61 the the DET issue-2711 14 62 budgets budget NOUN issue-2711 14 63 . . PUNCT issue-2711 15 1 in in ADP issue-2711 15 2 conclusion conclusion NOUN issue-2711 15 3 , , PUNCT issue-2711 15 4 with with ADP issue-2711 15 5 rising rise VERB issue-2711 15 6 public public ADJ issue-2711 15 7 debt debt NOUN issue-2711 15 8 and and CCONJ issue-2711 15 9 stagnating stagnate VERB issue-2711 15 10 gdp gdp NOUN issue-2711 15 11 growth growth NOUN issue-2711 15 12 , , PUNCT issue-2711 15 13 it it PRON issue-2711 15 14 will will AUX issue-2711 15 15 be be AUX issue-2711 15 16 difficult difficult ADJ issue-2711 15 17 for for SCONJ issue-2711 15 18 the the DET issue-2711 15 19 state state NOUN issue-2711 15 20 to to PART issue-2711 15 21 cope cope VERB issue-2711 15 22 with with ADP issue-2711 15 23 the the DET issue-2711 15 24 influence influence NOUN issue-2711 15 25 of of ADP issue-2711 15 26 big big ADJ issue-2711 15 27 data datum NOUN issue-2711 15 28 , , PUNCT issue-2711 15 29 and and CCONJ issue-2711 15 30 managers manager NOUN issue-2711 15 31 of of ADP issue-2711 15 32 such such ADJ issue-2711 15 33 companies company NOUN issue-2711 15 34 can can AUX issue-2711 15 35 have have VERB issue-2711 15 36 a a DET issue-2711 15 37 noticeable noticeable ADJ issue-2711 15 38 influence influence NOUN issue-2711 15 39 on on ADP issue-2711 15 40 the the DET issue-2711 15 41 political political ADJ issue-2711 15 42 system system NOUN issue-2711 15 43 of of ADP issue-2711 15 44 any any DET issue-2711 15 45 country country NOUN issue-2711 15 46 . . PUNCT issue-2711 16 1 this this PRON issue-2711 16 2 suggests suggest VERB issue-2711 16 3 that that SCONJ issue-2711 16 4 further further ADJ issue-2711 16 5 economic economic ADJ issue-2711 16 6 growth growth NOUN issue-2711 16 7 requires require VERB issue-2711 16 8 a a DET issue-2711 16 9 new new ADJ issue-2711 16 10 wave wave NOUN issue-2711 16 11 of of ADP issue-2711 16 12 technological technological ADJ issue-2711 16 13 progress progress NOUN issue-2711 16 14 , , PUNCT issue-2711 16 15 which which PRON issue-2711 16 16 can can AUX issue-2711 16 17 be be AUX issue-2711 16 18 ensured ensure VERB issue-2711 16 19 by by ADP issue-2711 16 20 an an DET issue-2711 16 21 excess excess NOUN issue-2711 16 22 of of ADP issue-2711 16 23 " " PUNCT issue-2711 16 24 cheap cheap ADJ issue-2711 16 25 money money NOUN issue-2711 16 26 " " PUNCT issue-2711 16 27 . . PUNCT issue-2711 17 1 keywords keyword NOUN issue-2711 17 2 : : PUNCT issue-2711 17 3 cryptocurrency cryptocurrency NOUN issue-2711 17 4 , , PUNCT issue-2711 17 5 performance performance NOUN issue-2711 17 6 , , PUNCT issue-2711 17 7 technology technology NOUN issue-2711 17 8 , , PUNCT issue-2711 17 9 tokenisation tokenisation NOUN issue-2711 17 10 , , PUNCT issue-2711 17 11 big big ADJ issue-2711 17 12 data datum NOUN issue-2711 17 13 . . PUNCT issue-2711 18 1 jel jel PROPN issue-2711 18 2 classification classification NOUN issue-2711 18 3 : : PUNCT issue-2711 18 4 o30 o30 PROPN issue-2711 18 5 , , PUNCT issue-2711 18 6 q55 q55 NOUN issue-2711 18 7 1 1 NUM issue-2711 18 8 . . PUNCT issue-2711 19 1 introduction introduction NOUN issue-2711 19 2 the the DET issue-2711 19 3 first first ADJ issue-2711 19 4 cryptocurrencies cryptocurrencie NOUN issue-2711 19 5 are be AUX issue-2711 19 6 known know VERB issue-2711 19 7 to to PART issue-2711 19 8 have have AUX issue-2711 19 9 experienced experience VERB issue-2711 19 10 a a DET issue-2711 19 11 sharp sharp ADJ issue-2711 19 12 increase increase NOUN issue-2711 19 13 in in ADP issue-2711 19 14 value value NOUN issue-2711 19 15 . . PUNCT issue-2711 20 1 bitcoin bitcoin PROPN issue-2711 20 2 has have AUX issue-2711 20 3 undergone undergo VERB issue-2711 20 4 fluctuations fluctuation NOUN issue-2711 20 5 , , PUNCT issue-2711 20 6 but but CCONJ issue-2711 20 7 has have AUX issue-2711 20 8 generally generally ADV issue-2711 20 9 only only ADV issue-2711 20 10 increased increase VERB issue-2711 20 11 in in ADP issue-2711 20 12 value value NOUN issue-2711 20 13 ( ( PUNCT issue-2711 20 14 see see VERB issue-2711 20 15 figure figure NOUN issue-2711 20 16 1 1 NUM issue-2711 20 17 ) ) PUNCT issue-2711 20 18 . . PUNCT issue-2711 21 1 starting start VERB issue-2711 21 2 in in ADP issue-2711 21 3 2016 2016 NUM issue-2711 21 4 , , PUNCT issue-2711 21 5 it it PRON issue-2711 21 6 was be AUX issue-2711 21 7 too too ADV issue-2711 21 8 easy easy ADJ issue-2711 21 9 to to PART issue-2711 21 10 launch launch VERB issue-2711 21 11 a a DET issue-2711 21 12 new new ADJ issue-2711 21 13 cryptocurrency cryptocurrency NOUN issue-2711 21 14 . . PUNCT issue-2711 22 1 the the DET issue-2711 22 2 project project NOUN issue-2711 22 3 code code NOUN issue-2711 22 4 itself itself PRON issue-2711 22 5 was be AUX issue-2711 22 6 in in ADP issue-2711 22 7 the the DET issue-2711 22 8 public public ADJ issue-2711 22 9 domain domain NOUN issue-2711 22 10 . . PUNCT issue-2711 23 1 the the DET issue-2711 23 2 talented talented ADJ issue-2711 23 3 developers developer NOUN issue-2711 23 4 of of ADP issue-2711 23 5 the the DET issue-2711 23 6 original original ADJ issue-2711 23 7 blockchain blockchain PROPN issue-2711 23 8 procedures procedure NOUN issue-2711 23 9 that that PRON issue-2711 23 10 underpinned underpinned ADJ issue-2711 23 11 cryptocurrencies cryptocurrencie NOUN issue-2711 23 12 had have AUX issue-2711 23 13 long long ADV issue-2711 23 14 since since ADV issue-2711 23 15 done do VERB issue-2711 23 16 the the DET issue-2711 23 17 hard hard ADJ issue-2711 23 18 work work NOUN issue-2711 23 19 . . PUNCT issue-2711 24 1 to to PART issue-2711 24 2 launch launch VERB issue-2711 24 3 a a DET issue-2711 24 4 new new ADJ issue-2711 24 5 cryptocurrency cryptocurrency NOUN issue-2711 24 6 , , PUNCT issue-2711 24 7 it it PRON issue-2711 24 8 was be AUX issue-2711 24 9 enough enough ADJ issue-2711 24 10 to to PART issue-2711 24 11 copy copy VERB issue-2711 24 12 the the DET issue-2711 24 13 known know VERB issue-2711 24 14 code code NOUN issue-2711 24 15 and and CCONJ issue-2711 24 16 make make VERB issue-2711 24 17 minor minor ADJ issue-2711 24 18 changes change NOUN issue-2711 24 19 . . PUNCT issue-2711 25 1 some some PRON issue-2711 25 2 did do AUX issue-2711 25 3 n't not PART issue-2711 25 4 even even ADV issue-2711 25 5 make make VERB issue-2711 25 6 any any DET issue-2711 25 7 changes change NOUN issue-2711 25 8 , , PUNCT issue-2711 25 9 just just ADV issue-2711 25 10 changing change VERB issue-2711 25 11 the the DET issue-2711 25 12 name name NOUN issue-2711 25 13 of of ADP issue-2711 25 14 the the DET issue-2711 25 15 company company NOUN issue-2711 25 16 in in ADP issue-2711 25 17 promotional promotional ADJ issue-2711 25 18 materials material NOUN issue-2711 25 19 . . PUNCT issue-2711 26 1 thousands thousand NOUN issue-2711 26 2 of of ADP issue-2711 26 3 new new ADJ issue-2711 26 4 cryptocurrencies cryptocurrencie NOUN issue-2711 26 5 were be AUX issue-2711 26 6 launched launch VERB issue-2711 26 7 each each DET issue-2711 26 8 year year NOUN issue-2711 26 9 . . PUNCT issue-2711 27 1 most most ADJ issue-2711 27 2 of of ADP issue-2711 27 3 the the DET issue-2711 27 4 new new ADJ issue-2711 27 5 currencies currency NOUN issue-2711 27 6 that that PRON issue-2711 27 7 appeared appear VERB issue-2711 27 8 after after ADP issue-2711 27 9 2016 2016 NUM issue-2711 27 10 were be AUX issue-2711 27 11 created create VERB issue-2711 27 12 without without ADP issue-2711 27 13 any any DET issue-2711 27 14 value value NOUN issue-2711 27 15 or or CCONJ issue-2711 27 16 innovation innovation NOUN issue-2711 27 17 . . PUNCT issue-2711 28 1 many many ADJ issue-2711 28 2 projects project NOUN issue-2711 28 3 were be AUX issue-2711 28 4 not not PART issue-2711 28 5 intended intend VERB issue-2711 28 6 for for ADP issue-2711 28 7 transactions transaction NOUN issue-2711 28 8 , , PUNCT issue-2711 28 9 but but CCONJ issue-2711 28 10 that that PRON issue-2711 28 11 did do AUX issue-2711 28 12 n't not PART issue-2711 28 13 stop stop VERB issue-2711 28 14 every every DET issue-2711 28 15 new new ADJ issue-2711 28 16 project project NOUN issue-2711 28 17 from from ADP issue-2711 28 18 calling call VERB issue-2711 28 19 itself itself PRON issue-2711 28 20 a a DET issue-2711 28 21 payment payment NOUN issue-2711 28 22 medium medium NOUN issue-2711 28 23 . . PUNCT issue-2711 29 1 the the DET issue-2711 29 2 emergence emergence NOUN issue-2711 29 3 of of ADP issue-2711 29 4 a a DET issue-2711 29 5 new new ADJ issue-2711 29 6 cryptocurrency cryptocurrency NOUN issue-2711 29 7 brought bring VERB issue-2711 29 8 big big ADJ issue-2711 29 9 investments investment NOUN issue-2711 29 10 with with ADP issue-2711 29 11 a a DET issue-2711 29 12 minimum minimum NOUN issue-2711 29 13 of of ADP issue-2711 29 14 uncomfortable uncomfortable ADJ issue-2711 29 15 questions question NOUN issue-2711 29 16 from from ADP issue-2711 29 17 big big ADJ issue-2711 29 18 baltic baltic ADJ issue-2711 29 19 journal journal NOUN issue-2711 29 20 of of ADP issue-2711 29 21 economic economic ADJ issue-2711 29 22 studies study NOUN issue-2711 29 23 10 10 NUM issue-2711 29 24 vol vol NOUN issue-2711 29 25 . . PUNCT issue-2711 30 1 11 11 NUM issue-2711 31 1 no no NOUN issue-2711 31 2 . . NOUN issue-2711 31 3 1 1 NUM issue-2711 31 4 , , PUNCT issue-2711 31 5 2025 2025 NUM issue-2711 31 6 investors investor NOUN issue-2711 31 7 . . PUNCT issue-2711 32 1 the the DET issue-2711 32 2 bubble bubble NOUN issue-2711 32 3 of of ADP issue-2711 32 4 pointless pointless ADJ issue-2711 32 5 investment investment NOUN issue-2711 32 6 grew grow VERB issue-2711 32 7 steadily steadily ADV issue-2711 32 8 . . PUNCT issue-2711 33 1 all all DET issue-2711 33 2 these these DET issue-2711 33 3 investments investment NOUN issue-2711 33 4 took take VERB issue-2711 33 5 money money NOUN issue-2711 33 6 away away ADV issue-2711 33 7 from from ADP issue-2711 33 8 the the DET issue-2711 33 9 market market NOUN issue-2711 33 10 of of ADP issue-2711 33 11 real real ADJ issue-2711 33 12 projects project NOUN issue-2711 33 13 and and CCONJ issue-2711 33 14 , , PUNCT issue-2711 33 15 of of ADP issue-2711 33 16 course course NOUN issue-2711 33 17 , , PUNCT issue-2711 33 18 from from ADP issue-2711 33 19 real real ADJ issue-2711 33 20 , , PUNCT issue-2711 33 21 audited audit VERB issue-2711 33 22 profits profit NOUN issue-2711 33 23 to to PART issue-2711 33 24 fill fill VERB issue-2711 33 25 the the DET issue-2711 33 26 budgets budget NOUN issue-2711 33 27 of of ADP issue-2711 33 28 almost almost ADV issue-2711 33 29 every every PRON issue-2711 33 30 country country NOUN issue-2711 33 31 . . PUNCT issue-2711 34 1 at at ADP issue-2711 34 2 the the DET issue-2711 34 3 beginning beginning NOUN issue-2711 34 4 of of ADP issue-2711 34 5 2017 2017 NUM issue-2711 34 6 , , PUNCT issue-2711 34 7 many many ADJ issue-2711 34 8 people people NOUN issue-2711 34 9 heard hear VERB issue-2711 34 10 about about ADP issue-2711 34 11 blockchain blockchain PROPN issue-2711 34 12 technology technology PROPN issue-2711 34 13 . . PUNCT issue-2711 35 1 it it PRON issue-2711 35 2 is be AUX issue-2711 35 3 a a DET issue-2711 35 4 decentralised decentralised ADJ issue-2711 35 5 and and CCONJ issue-2711 35 6 more more ADV issue-2711 35 7 secure secure ADJ issue-2711 35 8 technology technology NOUN issue-2711 35 9 for for ADP issue-2711 35 10 storing store VERB issue-2711 35 11 data datum NOUN issue-2711 35 12 about about ADP issue-2711 35 13 the the DET issue-2711 35 14 transfer transfer NOUN issue-2711 35 15 of of ADP issue-2711 35 16 information information NOUN issue-2711 35 17 and and CCONJ issue-2711 35 18 money money NOUN issue-2711 35 19 . . PUNCT issue-2711 36 1 in in ADP issue-2711 36 2 2018 2018 NUM issue-2711 36 3 , , PUNCT issue-2711 36 4 an an DET issue-2711 36 5 advertising advertising NOUN issue-2711 36 6 hype hype NOUN issue-2711 36 7 was be AUX issue-2711 36 8 created create VERB issue-2711 36 9 to to PART issue-2711 36 10 turn turn VERB issue-2711 36 11 a a DET issue-2711 36 12 " " PUNCT issue-2711 36 13 simple simple ADJ issue-2711 36 14 technology technology NOUN issue-2711 36 15 " " PUNCT issue-2711 36 16 into into ADP issue-2711 36 17 a a DET issue-2711 36 18 " " PUNCT issue-2711 36 19 magic magic ADJ issue-2711 36 20 technology technology NOUN issue-2711 36 21 " " PUNCT issue-2711 36 22 to to PART issue-2711 36 23 solve solve VERB issue-2711 36 24 all all DET issue-2711 36 25 problems problem NOUN issue-2711 36 26 . . PUNCT issue-2711 37 1 people people NOUN issue-2711 37 2 believed believe VERB issue-2711 37 3 in in ADP issue-2711 37 4 this this DET issue-2711 37 5 technology technology NOUN issue-2711 37 6 and and CCONJ issue-2711 37 7 invested invest VERB issue-2711 37 8 billions billion NOUN issue-2711 37 9 of of ADP issue-2711 37 10 dollars dollar NOUN issue-2711 37 11 in in ADP issue-2711 37 12 new new ADJ issue-2711 37 13 projects project NOUN issue-2711 37 14 . . PUNCT issue-2711 38 1 in in ADP issue-2711 38 2 recent recent ADJ issue-2711 38 3 years year NOUN issue-2711 38 4 , , PUNCT issue-2711 38 5 the the DET issue-2711 38 6 decentralised decentralised ADJ issue-2711 38 7 finance finance NOUN issue-2711 38 8 ( ( PUNCT issue-2711 38 9 defi defi NOUN issue-2711 38 10 ) ) PUNCT issue-2711 38 11 market market NOUN issue-2711 38 12 has have AUX issue-2711 38 13 practically practically ADV issue-2711 38 14 formed form VERB issue-2711 38 15 , , PUNCT issue-2711 38 16 with with ADP issue-2711 38 17 a a DET issue-2711 38 18 constantly constantly ADV issue-2711 38 19 growing grow VERB issue-2711 38 20 volume volume NOUN issue-2711 38 21 of of ADP issue-2711 38 22 services service NOUN issue-2711 38 23 and and CCONJ issue-2711 38 24 assets asset NOUN issue-2711 38 25 . . PUNCT issue-2711 39 1 the the DET issue-2711 39 2 government government NOUN issue-2711 39 3 has have AUX issue-2711 39 4 finally finally ADV issue-2711 39 5 recognised recognise VERB issue-2711 39 6 the the DET issue-2711 39 7 significant significant ADJ issue-2711 39 8 role role NOUN issue-2711 39 9 of of ADP issue-2711 39 10 cryptocurrency cryptocurrency NOUN issue-2711 39 11 in in ADP issue-2711 39 12 the the DET issue-2711 39 13 modern modern ADJ issue-2711 39 14 world world NOUN issue-2711 39 15 and and CCONJ issue-2711 39 16 is be AUX issue-2711 39 17 actively actively ADV issue-2711 39 18 developing develop VERB issue-2711 39 19 its its PRON issue-2711 39 20 own own ADJ issue-2711 39 21 cryptocurrency cryptocurrency NOUN issue-2711 39 22 , , PUNCT issue-2711 39 23 the the DET issue-2711 39 24 cbdc cbdc NOUN issue-2711 39 25 , , PUNCT issue-2711 39 26 in in ADP issue-2711 39 27 an an DET issue-2711 39 28 attempt attempt NOUN issue-2711 39 29 to to PART issue-2711 39 30 regulate regulate VERB issue-2711 39 31 cryptocurrency cryptocurrency NOUN issue-2711 39 32 markets market NOUN issue-2711 39 33 . . PUNCT issue-2711 40 1 it it PRON issue-2711 40 2 is be AUX issue-2711 40 3 also also ADV issue-2711 40 4 introducing introduce VERB issue-2711 40 5 licensing licensing NOUN issue-2711 40 6 for for ADP issue-2711 40 7 companies company NOUN issue-2711 40 8 operating operate VERB issue-2711 40 9 in in ADP issue-2711 40 10 this this DET issue-2711 40 11 market market NOUN issue-2711 40 12 and and CCONJ issue-2711 40 13 developing develop VERB issue-2711 40 14 procedures procedure NOUN issue-2711 40 15 for for ADP issue-2711 40 16 the the DET issue-2711 40 17 control control NOUN issue-2711 40 18 and and CCONJ issue-2711 40 19 auditing auditing NOUN issue-2711 40 20 of of ADP issue-2711 40 21 crypto crypto NOUN issue-2711 40 22 - - NOUN issue-2711 40 23 assets asset NOUN issue-2711 40 24 . . PUNCT issue-2711 41 1 concurrently concurrently ADV issue-2711 41 2 , , PUNCT issue-2711 41 3 private private ADJ issue-2711 41 4 digital digital ADJ issue-2711 41 5 platforms platform NOUN issue-2711 41 6 that that PRON issue-2711 41 7 actively actively ADV issue-2711 41 8 issue issue VERB issue-2711 41 9 and and CCONJ issue-2711 41 10 utilise utilise VERB issue-2711 41 11 crypto crypto NOUN issue-2711 41 12 - - NOUN issue-2711 41 13 assets asset NOUN issue-2711 41 14 are be AUX issue-2711 41 15 expeditiously expeditiously ADV issue-2711 41 16 developing develop VERB issue-2711 41 17 financial financial ADJ issue-2711 41 18 management management NOUN issue-2711 41 19 technologies technology NOUN issue-2711 41 20 and and CCONJ issue-2711 41 21 beginning begin VERB issue-2711 41 22 to to PART issue-2711 41 23 predominate predominate VERB issue-2711 41 24 in in ADP issue-2711 41 25 both both CCONJ issue-2711 41 26 technological technological ADJ issue-2711 41 27 influence influence NOUN issue-2711 41 28 on on ADP issue-2711 41 29 the the DET issue-2711 41 30 global global ADJ issue-2711 41 31 economy economy NOUN issue-2711 41 32 , , PUNCT issue-2711 41 33 for for ADP issue-2711 41 34 example example NOUN issue-2711 41 35 , , PUNCT issue-2711 41 36 in in ADP issue-2711 41 37 the the DET issue-2711 41 38 domain domain NOUN issue-2711 41 39 of of ADP issue-2711 41 40 artificial artificial ADJ issue-2711 41 41 intelligence intelligence NOUN issue-2711 41 42 , , PUNCT issue-2711 41 43 and and CCONJ issue-2711 41 44 political political ADJ issue-2711 41 45 influence influence NOUN issue-2711 41 46 on on ADP issue-2711 41 47 state state NOUN issue-2711 41 48 and and CCONJ issue-2711 41 49 international international ADJ issue-2711 41 50 institutions institution NOUN issue-2711 41 51 . . PUNCT issue-2711 42 1 this this PRON issue-2711 42 2 engenders engender VERB issue-2711 42 3 the the DET issue-2711 42 4 challenging challenging ADJ issue-2711 42 5 question question NOUN issue-2711 42 6 of of ADP issue-2711 42 7 who who PRON issue-2711 42 8 will will AUX issue-2711 42 9 assume assume VERB issue-2711 42 10 the the DET issue-2711 42 11 primary primary ADJ issue-2711 42 12 role role NOUN issue-2711 42 13 in in ADP issue-2711 42 14 increasing increase VERB issue-2711 42 15 productivity productivity NOUN issue-2711 42 16 : : PUNCT issue-2711 42 17 the the DET issue-2711 42 18 state state NOUN issue-2711 42 19 or or CCONJ issue-2711 42 20 the the DET issue-2711 42 21 digital digital ADJ issue-2711 42 22 giants giant NOUN issue-2711 42 23 with with ADP issue-2711 42 24 the the DET issue-2711 42 25 potential potential NOUN issue-2711 42 26 to to PART issue-2711 42 27 displace displace VERB issue-2711 42 28 the the DET issue-2711 42 29 state state NOUN issue-2711 42 30 ? ? PUNCT issue-2711 43 1 the the DET issue-2711 43 2 present present ADJ issue-2711 43 3 article article NOUN issue-2711 43 4 aims aim VERB issue-2711 43 5 to to PART issue-2711 43 6 assess assess VERB issue-2711 43 7 this this DET issue-2711 43 8 impact impact NOUN issue-2711 43 9 and and CCONJ issue-2711 43 10 the the DET issue-2711 43 11 role role NOUN issue-2711 43 12 of of ADP issue-2711 43 13 digital digital ADJ issue-2711 43 14 giants giant NOUN issue-2711 43 15 in in ADP issue-2711 43 16 the the DET issue-2711 43 17 global global ADJ issue-2711 43 18 economy economy NOUN issue-2711 43 19 . . PUNCT issue-2711 44 1 a a DET issue-2711 44 2 plethora plethora NOUN issue-2711 44 3 of of ADP issue-2711 44 4 authors author NOUN issue-2711 44 5 have have AUX issue-2711 44 6 undertaken undertake VERB issue-2711 44 7 the the DET issue-2711 44 8 study study NOUN issue-2711 44 9 of of ADP issue-2711 44 10 digital digital ADJ issue-2711 44 11 platforms platform NOUN issue-2711 44 12 and and CCONJ issue-2711 44 13 the the DET issue-2711 44 14 development development NOUN issue-2711 44 15 of of ADP issue-2711 44 16 cryptocurrencies cryptocurrencie NOUN issue-2711 44 17 . . PUNCT issue-2711 45 1 in in ADP issue-2711 45 2 particular particular ADJ issue-2711 45 3 , , PUNCT issue-2711 45 4 zutshi zutshi PROPN issue-2711 45 5 a. a. PROPN issue-2711 45 6 , , PUNCT issue-2711 45 7 grilo grilo PROPN issue-2711 45 8 a. a. NOUN issue-2711 45 9 , , PUNCT issue-2711 45 10 and and CCONJ issue-2711 45 11 nodehi nodehi PROPN issue-2711 45 12 t. t. PROPN issue-2711 45 13 ( ( PUNCT issue-2711 45 14 2021 2021 NUM issue-2711 45 15 ) ) PUNCT issue-2711 45 16 have have AUX issue-2711 45 17 conducted conduct VERB issue-2711 45 18 exhaustive exhaustive ADJ issue-2711 45 19 research research NOUN issue-2711 45 20 on on ADP issue-2711 45 21 blockchain blockchain PROPN issue-2711 45 22 technologies technologies PROPN issue-2711 45 23 . . PUNCT issue-2711 46 1 cumming cumme VERB issue-2711 46 2 d. d. PROPN issue-2711 46 3 , , PUNCT issue-2711 46 4 drobetz drobetz PROPN issue-2711 46 5 w. w. PROPN issue-2711 46 6 , , PUNCT issue-2711 46 7 momtaz momtaz NOUN issue-2711 46 8 p. p. NOUN issue-2711 46 9 and and CCONJ issue-2711 46 10 schermann schermann PROPN issue-2711 46 11 n. n. PROPN issue-2711 46 12 ( ( PUNCT issue-2711 46 13 2025 2025 NUM issue-2711 46 14 ) ) PUNCT issue-2711 46 15 have have AUX issue-2711 46 16 demonstrated demonstrate VERB issue-2711 46 17 a a DET issue-2711 46 18 particular particular ADJ issue-2711 46 19 interest interest NOUN issue-2711 46 20 in in ADP issue-2711 46 21 decentralised decentralise VERB issue-2711 46 22 digital digital ADJ issue-2711 46 23 platforms platform NOUN issue-2711 46 24 . . PUNCT issue-2711 47 1 surucu surucu NOUN issue-2711 47 2 - - PUNCT issue-2711 47 3 balci balci NOUN issue-2711 47 4 e. e. PROPN issue-2711 47 5 , , PUNCT issue-2711 47 6 iris iris NOUN issue-2711 47 7 ç ç NOUN issue-2711 47 8 . . PROPN issue-2711 47 9 , , PUNCT issue-2711 47 10 balci balci NOUN issue-2711 47 11 g. g. PROPN issue-2711 47 12 ( ( PUNCT issue-2711 47 13 2024 2024 NUM issue-2711 47 14 ) ) PUNCT issue-2711 47 15 have have AUX issue-2711 47 16 conducted conduct VERB issue-2711 47 17 an an DET issue-2711 47 18 investigation investigation NOUN issue-2711 47 19 into into ADP issue-2711 47 20 cloud cloud NOUN issue-2711 47 21 platforms platform NOUN issue-2711 47 22 . . PUNCT issue-2711 48 1 the the DET issue-2711 48 2 authors author NOUN issue-2711 48 3 of of ADP issue-2711 48 4 the the DET issue-2711 48 5 article article NOUN issue-2711 48 6 in in ADP issue-2711 48 7 their their PRON issue-2711 48 8 2022 2022 NUM issue-2711 48 9 and and CCONJ issue-2711 48 10 2023 2023 NUM issue-2711 48 11 papers paper NOUN issue-2711 48 12 explore explore VERB issue-2711 48 13 fintech fintech NOUN issue-2711 48 14 and and CCONJ issue-2711 48 15 digital digital ADJ issue-2711 48 16 currencies currency NOUN issue-2711 48 17 ( ( PUNCT issue-2711 48 18 baltgailis baltgailis PROPN issue-2711 48 19 , , PUNCT issue-2711 48 20 simakhova simakhova PROPN issue-2711 48 21 , , PUNCT issue-2711 48 22 2022 2022 NUM issue-2711 48 23 ; ; PUNCT issue-2711 48 24 baltgailis baltgailis PROPN issue-2711 48 25 , , PUNCT issue-2711 48 26 simakhova simakhova PROPN issue-2711 48 27 , , PUNCT issue-2711 48 28 buka buka PROPN issue-2711 48 29 , , PUNCT issue-2711 48 30 2023 2023 NUM issue-2711 48 31 ) ) PUNCT issue-2711 48 32 . . PUNCT issue-2711 49 1 notwithstanding notwithstanding ADP issue-2711 49 2 the the DET issue-2711 49 3 considerable considerable ADJ issue-2711 49 4 research research NOUN issue-2711 49 5 activity activity NOUN issue-2711 49 6 concerning concern VERB issue-2711 49 7 digital digital ADJ issue-2711 49 8 currencies currency NOUN issue-2711 49 9 and and CCONJ issue-2711 49 10 platforms platform NOUN issue-2711 49 11 , , PUNCT issue-2711 49 12 it it PRON issue-2711 49 13 is be AUX issue-2711 49 14 pertinent pertinent ADJ issue-2711 49 15 to to PART issue-2711 49 16 analyse analyse VERB issue-2711 49 17 the the DET issue-2711 49 18 potential potential NOUN issue-2711 49 19 of of ADP issue-2711 49 20 novel novel ADJ issue-2711 49 21 technologies technology NOUN issue-2711 49 22 to to PART issue-2711 49 23 enhance enhance VERB issue-2711 49 24 productivity productivity NOUN issue-2711 49 25 . . PUNCT issue-2711 50 1 the the DET issue-2711 50 2 objective objective NOUN issue-2711 50 3 of of ADP issue-2711 50 4 this this DET issue-2711 50 5 article article NOUN issue-2711 50 6 is be AUX issue-2711 50 7 to to PART issue-2711 50 8 ascertain ascertain VERB issue-2711 50 9 the the DET issue-2711 50 10 cardinal cardinal ADJ issue-2711 50 11 possibilities possibility NOUN issue-2711 50 12 and and CCONJ issue-2711 50 13 economic economic ADJ issue-2711 50 14 trends trend NOUN issue-2711 50 15 of of ADP issue-2711 50 16 new new ADJ issue-2711 50 17 technologies technology NOUN issue-2711 50 18 , , PUNCT issue-2711 50 19 which which PRON issue-2711 50 20 will will AUX issue-2711 50 21 serve serve VERB issue-2711 50 22 as as ADP issue-2711 50 23 the the DET issue-2711 50 24 foundation foundation NOUN issue-2711 50 25 for for ADP issue-2711 50 26 the the DET issue-2711 50 27 emergence emergence NOUN issue-2711 50 28 of of ADP issue-2711 50 29 the the DET issue-2711 50 30 next next ADJ issue-2711 50 31 world world NOUN issue-2711 50 32 economic economic ADJ issue-2711 50 33 cycle cycle NOUN issue-2711 50 34 . . PUNCT issue-2711 51 1 the the DET issue-2711 51 2 aim aim NOUN issue-2711 51 3 is be AUX issue-2711 51 4 to to PART issue-2711 51 5 establish establish VERB issue-2711 51 6 trends trend NOUN issue-2711 51 7 of of ADP issue-2711 51 8 increasing increase VERB issue-2711 51 9 labour labour NOUN issue-2711 51 10 productivity productivity NOUN issue-2711 51 11 , , PUNCT issue-2711 51 12 a a DET issue-2711 51 13 phenomenon phenomenon NOUN issue-2711 51 14 with with ADP issue-2711 51 15 which which PRON issue-2711 51 16 most most ADJ issue-2711 51 17 countries country NOUN issue-2711 51 18 worldwide worldwide ADV issue-2711 51 19 have have AUX issue-2711 51 20 grappled grapple VERB issue-2711 51 21 . . PUNCT issue-2711 52 1 2 2 X issue-2711 52 2 . . X issue-2711 52 3 methodology methodology NOUN issue-2711 52 4 in in ADP issue-2711 52 5 order order NOUN issue-2711 52 6 to to PART issue-2711 52 7 achieve achieve VERB issue-2711 52 8 the the DET issue-2711 52 9 aforementioned aforementioned ADJ issue-2711 52 10 objective objective NOUN issue-2711 52 11 , , PUNCT issue-2711 52 12 the the DET issue-2711 52 13 article article NOUN issue-2711 52 14 employed employ VERB issue-2711 52 15 a a DET issue-2711 52 16 range range NOUN issue-2711 52 17 of of ADP issue-2711 52 18 general general ADJ issue-2711 52 19 scientific scientific ADJ issue-2711 52 20 figure figure NOUN issue-2711 52 21 1 1 NUM issue-2711 52 22 . . PUNCT issue-2711 53 1 cryptocurrency cryptocurrency NOUN issue-2711 53 2 value value NOUN issue-2711 53 3 dynamics dynamic NOUN issue-2711 53 4 in in ADP issue-2711 53 5 2010 2010 NUM issue-2711 53 6 - - SYM issue-2711 53 7 2024 2024 NUM issue-2711 53 8 source source NOUN issue-2711 53 9 : : PUNCT issue-2711 53 10 ( ( PUNCT issue-2711 53 11 blackrock blackrock NOUN issue-2711 53 12 , , PUNCT issue-2711 53 13 2024 2024 NUM issue-2711 53 14 ) ) PUNCT issue-2711 53 15     SPACE issue-2711 53 16 baltic baltic ADJ issue-2711 53 17 journal journal NOUN issue-2711 53 18 of of ADP issue-2711 53 19 economic economic ADJ issue-2711 53 20 studies study NOUN issue-2711 53 21 11 11 NUM issue-2711 53 22 vol vol NOUN issue-2711 53 23 . . PROPN issue-2711 54 1 11 11 NUM issue-2711 55 1 no no NOUN issue-2711 55 2 . . NOUN issue-2711 55 3 1 1 NUM issue-2711 55 4 , , PUNCT issue-2711 55 5 2025 2025 NUM issue-2711 55 6 methodologies methodology NOUN issue-2711 55 7 , , PUNCT issue-2711 55 8 encompassing encompass VERB issue-2711 55 9 analysis analysis NOUN issue-2711 55 10 and and CCONJ issue-2711 55 11 synthesis synthesis NOUN issue-2711 55 12 , , PUNCT issue-2711 55 13 systematisation systematisation NOUN issue-2711 55 14 , , PUNCT issue-2711 55 15 and and CCONJ issue-2711 55 16 the the DET issue-2711 55 17 comparison comparison NOUN issue-2711 55 18 of of ADP issue-2711 55 19 data data PROPN issue-2711 55 20 . . PUNCT issue-2711 56 1 the the DET issue-2711 56 2 information information NOUN issue-2711 56 3 base base NOUN issue-2711 56 4 of of ADP issue-2711 56 5 the the DET issue-2711 56 6 article article NOUN issue-2711 56 7 was be AUX issue-2711 56 8 composed compose VERB issue-2711 56 9 of of ADP issue-2711 56 10 scientific scientific ADJ issue-2711 56 11 articles article NOUN issue-2711 56 12 , , PUNCT issue-2711 56 13 monographs monograph NOUN issue-2711 56 14 , , PUNCT issue-2711 56 15 and and CCONJ issue-2711 56 16 open open ADJ issue-2711 56 17 statistical statistical ADJ issue-2711 56 18 data datum NOUN issue-2711 56 19 from from ADP issue-2711 56 20 internet internet NOUN issue-2711 56 21 resources resource NOUN issue-2711 56 22 . . PUNCT issue-2711 57 1 3 3 X issue-2711 57 2 . . X issue-2711 57 3 results result VERB issue-2711 57 4 the the DET issue-2711 57 5 first first ADJ issue-2711 57 6 cryptocurrency cryptocurrency NOUN issue-2711 57 7 enthusiasts enthusiast NOUN issue-2711 57 8 tried try VERB issue-2711 57 9 to to PART issue-2711 57 10 build build VERB issue-2711 57 11 technologies technology NOUN issue-2711 57 12 to to PART issue-2711 57 13 work work VERB issue-2711 57 14 with with ADP issue-2711 57 15 finances finance NOUN issue-2711 57 16 without without ADP issue-2711 57 17 relying rely VERB issue-2711 57 18 on on ADP issue-2711 57 19 intermediaries intermediary NOUN issue-2711 57 20 and and CCONJ issue-2711 57 21 states state NOUN issue-2711 57 22 , , PUNCT issue-2711 57 23 all all DET issue-2711 57 24 these these DET issue-2711 57 25 projects project NOUN issue-2711 57 26 got get VERB issue-2711 57 27 out out ADP issue-2711 57 28 of of ADP issue-2711 57 29 control control NOUN issue-2711 57 30 and and CCONJ issue-2711 57 31 did do AUX issue-2711 57 32 not not PART issue-2711 57 33 require require VERB issue-2711 57 34 the the DET issue-2711 57 35 involvement involvement NOUN issue-2711 57 36 of of ADP issue-2711 57 37 lawyers lawyer NOUN issue-2711 57 38 and and CCONJ issue-2711 57 39 state state NOUN issue-2711 57 40 regulation regulation NOUN issue-2711 57 41 . . PUNCT issue-2711 58 1 a a DET issue-2711 58 2 recent recent ADJ issue-2711 58 3 study study NOUN issue-2711 58 4 , , PUNCT issue-2711 58 5 based base VERB issue-2711 58 6 on on ADP issue-2711 58 7 publicly publicly ADV issue-2711 58 8 available available ADJ issue-2711 58 9 information information NOUN issue-2711 58 10 and and CCONJ issue-2711 58 11 sources source NOUN issue-2711 58 12 , , PUNCT issue-2711 58 13 claims claim VERB issue-2711 58 14 that that SCONJ issue-2711 58 15 nearly nearly ADV issue-2711 58 16 80 80 NUM issue-2711 58 17 percent percent NOUN issue-2711 58 18 of of ADP issue-2711 58 19 initial initial ADJ issue-2711 58 20 coin coin NOUN issue-2711 58 21 offerings offering NOUN issue-2711 58 22 ( ( PUNCT issue-2711 58 23 icos icos PROPN issue-2711 58 24 ) ) PUNCT issue-2711 58 25 are be AUX issue-2711 58 26 scams scam NOUN issue-2711 58 27 , , PUNCT issue-2711 58 28 and and CCONJ issue-2711 58 29 only only ADV issue-2711 58 30 a a DET issue-2711 58 31 meagre meagre ADJ issue-2711 58 32 8 8 NUM issue-2711 58 33 percent percent NOUN issue-2711 58 34 of of ADP issue-2711 58 35 the the DET issue-2711 58 36 floated float VERB issue-2711 58 37 icos icos PROPN issue-2711 58 38 manage manage VERB issue-2711 58 39 to to PART issue-2711 58 40 reach reach VERB issue-2711 58 41 the the DET issue-2711 58 42 trading trading NOUN issue-2711 58 43 stage stage NOUN issue-2711 58 44 on on ADP issue-2711 58 45 the the DET issue-2711 58 46 various various ADJ issue-2711 58 47 cryptocurrency cryptocurrency NOUN issue-2711 58 48 exchanges exchange NOUN issue-2711 58 49 ( ( PUNCT issue-2711 58 50 investopedia investopedia PROPN issue-2711 58 51 , , PUNCT issue-2711 58 52 2018 2018 NUM issue-2711 58 53 ) ) PUNCT issue-2711 58 54 . . PUNCT issue-2711 59 1 an an DET issue-2711 59 2 initial initial ADJ issue-2711 59 3 coin coin NOUN issue-2711 59 4 offering offering NOUN issue-2711 59 5 ( ( PUNCT issue-2711 59 6 ico ico PROPN issue-2711 59 7 ) ) PUNCT issue-2711 59 8 is be AUX issue-2711 59 9 the the DET issue-2711 59 10 cryptocurrency cryptocurrency NOUN issue-2711 59 11 industry industry NOUN issue-2711 59 12 's 's PART issue-2711 59 13 equivalent equivalent NOUN issue-2711 59 14 of of ADP issue-2711 59 15 an an DET issue-2711 59 16 initial initial ADJ issue-2711 59 17 public public ADJ issue-2711 59 18 offering offering NOUN issue-2711 59 19 ( ( PUNCT issue-2711 59 20 ipo ipo PROPN issue-2711 59 21 ) ) PUNCT issue-2711 59 22 . . PUNCT issue-2711 60 1 a a DET issue-2711 60 2 company company NOUN issue-2711 60 3 seeking seek VERB issue-2711 60 4 to to PART issue-2711 60 5 raise raise VERB issue-2711 60 6 funds fund NOUN issue-2711 60 7 for for ADP issue-2711 60 8 the the DET issue-2711 60 9 development development NOUN issue-2711 60 10 of of ADP issue-2711 60 11 a a DET issue-2711 60 12 new new ADJ issue-2711 60 13 blockchain blockchain NOUN issue-2711 60 14 application application NOUN issue-2711 60 15 or or CCONJ issue-2711 60 16 service service NOUN issue-2711 60 17 utilising utilise VERB issue-2711 60 18 a a DET issue-2711 60 19 cryptocurrency cryptocurrency NOUN issue-2711 60 20 may may AUX issue-2711 60 21 opt opt VERB issue-2711 60 22 for for ADP issue-2711 60 23 an an DET issue-2711 60 24 ico ico PROPN issue-2711 60 25 as as ADP issue-2711 60 26 a a DET issue-2711 60 27 means means NOUN issue-2711 60 28 of of ADP issue-2711 60 29 financial financial ADJ issue-2711 60 30 procurement procurement NOUN issue-2711 60 31 . . PUNCT issue-2711 61 1 sian sian PROPN issue-2711 61 2 , , PUNCT issue-2711 61 3 an an DET issue-2711 61 4 official official NOUN issue-2711 61 5 from from ADP issue-2711 61 6 the the DET issue-2711 61 7 european european PROPN issue-2711 61 8 central central PROPN issue-2711 61 9 bank bank PROPN issue-2711 61 10 , , PUNCT issue-2711 61 11 emphasised emphasise VERB issue-2711 61 12 that that SCONJ issue-2711 61 13 the the DET issue-2711 61 14 primary primary ADJ issue-2711 61 15 structural structural ADJ issue-2711 61 16 deficiency deficiency NOUN issue-2711 61 17 of of ADP issue-2711 61 18 fiat fiat ADJ issue-2711 61 19 crypto crypto NOUN issue-2711 61 20 assets asset NOUN issue-2711 61 21 , , PUNCT issue-2711 61 22 which which PRON issue-2711 61 23 constitute constitute VERB issue-2711 61 24 the the DET issue-2711 61 25 majority majority NOUN issue-2711 61 26 of of ADP issue-2711 61 27 the the DET issue-2711 61 28 crypto crypto NOUN issue-2711 61 29 market market NOUN issue-2711 61 30 , , PUNCT issue-2711 61 31 is be AUX issue-2711 61 32 their their PRON issue-2711 61 33 inability inability NOUN issue-2711 61 34 to to PART issue-2711 61 35 offer offer VERB issue-2711 61 36 any any DET issue-2711 61 37 societal societal ADJ issue-2711 61 38 benefit benefit NOUN issue-2711 61 39 . . PUNCT issue-2711 62 1 in in ADP issue-2711 62 2 europe europe PROPN issue-2711 62 3 , , PUNCT issue-2711 62 4 in in ADP issue-2711 62 5 2021 2021 NUM issue-2711 62 6 , , PUNCT issue-2711 62 7 the the DET issue-2711 62 8 total total ADJ issue-2711 62 9 capitalisation capitalisation NOUN issue-2711 62 10 of of ADP issue-2711 62 11 all all DET issue-2711 62 12 crypto crypto NOUN issue-2711 62 13 assets asset NOUN issue-2711 62 14 reached reach VERB issue-2711 62 15 2.5 2.5 NUM issue-2711 62 16 trillion trillion NUM issue-2711 62 17 eur eur NOUN issue-2711 62 18 ( ( PUNCT issue-2711 62 19 panetto panetto ADJ issue-2711 62 20 , , PUNCT issue-2711 62 21 2022 2022 NUM issue-2711 62 22 ) ) PUNCT issue-2711 62 23 . . PUNCT issue-2711 63 1 the the DET issue-2711 63 2 chainalysis chainalysis NOUN issue-2711 63 3 global global ADJ issue-2711 63 4 crypto crypto PROPN issue-2711 63 5 adoption adoption NOUN issue-2711 63 6 index index NOUN issue-2711 63 7 has have AUX issue-2711 63 8 confirmed confirm VERB issue-2711 63 9 the the DET issue-2711 63 10 mass mass ADJ issue-2711 63 11 adoption adoption NOUN issue-2711 63 12 of of ADP issue-2711 63 13 cryptocurrency cryptocurrency NOUN issue-2711 63 14 on on ADP issue-2711 63 15 a a DET issue-2711 63 16 global global ADJ issue-2711 63 17 scale scale NOUN issue-2711 63 18 ( ( PUNCT issue-2711 63 19 154 154 NUM issue-2711 63 20 countries country NOUN issue-2711 63 21 were be AUX issue-2711 63 22 surveyed survey VERB issue-2711 63 23 ) ) PUNCT issue-2711 63 24 . . PUNCT issue-2711 64 1 the the DET issue-2711 64 2 global global ADJ issue-2711 64 3 adoption adoption NOUN issue-2711 64 4 of of ADP issue-2711 64 5 cryptocurrency cryptocurrency NOUN issue-2711 64 6 is be AUX issue-2711 64 7 increasing increase VERB issue-2711 64 8 , , PUNCT issue-2711 64 9 and and CCONJ issue-2711 64 10 there there PRON issue-2711 64 11 are be VERB issue-2711 64 12 several several ADJ issue-2711 64 13 reasons reason NOUN issue-2711 64 14 for for ADP issue-2711 64 15 this this PRON issue-2711 64 16 . . PUNCT issue-2711 65 1 firstly firstly ADV issue-2711 65 2 , , PUNCT issue-2711 65 3 it it PRON issue-2711 65 4 allows allow VERB issue-2711 65 5 users user NOUN issue-2711 65 6 to to PART issue-2711 65 7 preserve preserve VERB issue-2711 65 8 savings saving NOUN issue-2711 65 9 in in ADP issue-2711 65 10 case case NOUN issue-2711 65 11 of of ADP issue-2711 65 12 devaluation devaluation NOUN issue-2711 65 13 of of ADP issue-2711 65 14 national national ADJ issue-2711 65 15 currencies currency NOUN issue-2711 65 16 . . PUNCT issue-2711 66 1 secondly secondly ADV issue-2711 66 2 , , PUNCT issue-2711 66 3 it it PRON issue-2711 66 4 overcomes overcome VERB issue-2711 66 5 restrictions restriction NOUN issue-2711 66 6 on on ADP issue-2711 66 7 currency currency NOUN issue-2711 66 8 transactions transaction NOUN issue-2711 66 9 . . PUNCT issue-2711 67 1 thirdly thirdly ADV issue-2711 67 2 , , PUNCT issue-2711 67 3 despite despite SCONJ issue-2711 67 4 all all DET issue-2711 67 5 the the DET issue-2711 67 6 existing exist VERB issue-2711 67 7 risks risk NOUN issue-2711 67 8 , , PUNCT issue-2711 67 9 it it PRON issue-2711 67 10 allows allow VERB issue-2711 67 11 for for SCONJ issue-2711 67 12 money money NOUN issue-2711 67 13 transfers transfer NOUN issue-2711 67 14 and and CCONJ issue-2711 67 15 business business NOUN issue-2711 67 16 transactions transaction NOUN issue-2711 67 17 to to PART issue-2711 67 18 be be AUX issue-2711 67 19 performed perform VERB issue-2711 67 20 . . PUNCT issue-2711 68 1 in in ADP issue-2711 68 2 developed develop VERB issue-2711 68 3 countries country NOUN issue-2711 68 4 and and CCONJ issue-2711 68 5 states state NOUN issue-2711 68 6 where where SCONJ issue-2711 68 7 cryptocurrencies cryptocurrencie NOUN issue-2711 68 8 are be AUX issue-2711 68 9 already already ADV issue-2711 68 10 widespread widespread ADJ issue-2711 68 11 , , PUNCT issue-2711 68 12 it it PRON issue-2711 68 13 is be AUX issue-2711 68 14 anticipated anticipate VERB issue-2711 68 15 that that SCONJ issue-2711 68 16 the the DET issue-2711 68 17 growing grow VERB issue-2711 68 18 volume volume NOUN issue-2711 68 19 of of ADP issue-2711 68 20 transactions transaction NOUN issue-2711 68 21 and and CCONJ issue-2711 68 22 explosive explosive ADJ issue-2711 68 23 growth growth NOUN issue-2711 68 24 ( ( PUNCT issue-2711 68 25 defi defi NOUN issue-2711 68 26 ) ) PUNCT issue-2711 68 27 of of ADP issue-2711 68 28 decentralised decentralised ADJ issue-2711 68 29 finance finance NOUN issue-2711 68 30 will will AUX issue-2711 68 31 assume assume VERB issue-2711 68 32 this this DET issue-2711 68 33 role role NOUN issue-2711 68 34 . . PUNCT issue-2711 69 1 in in ADP issue-2711 69 2 emerging emerge VERB issue-2711 69 3 markets market NOUN issue-2711 69 4 , , PUNCT issue-2711 69 5 by by ADP issue-2711 69 6 contrast contrast NOUN issue-2711 69 7 , , PUNCT issue-2711 69 8 this this DET issue-2711 69 9 role role NOUN issue-2711 69 10 will will AUX issue-2711 69 11 be be AUX issue-2711 69 12 played play VERB issue-2711 69 13 by by ADP issue-2711 69 14 peer peer NOUN issue-2711 69 15 - - PUNCT issue-2711 69 16 to to ADP issue-2711 69 17 - - PUNCT issue-2711 69 18 peer peer NOUN issue-2711 69 19 ( ( PUNCT issue-2711 69 20 p2p p2p NOUN issue-2711 69 21 ) ) PUNCT issue-2711 69 22 platforms platform NOUN issue-2711 69 23 . . PUNCT issue-2711 70 1 global global ADJ issue-2711 70 2 big big ADJ issue-2711 70 3 data datum NOUN issue-2711 70 4 companies company NOUN issue-2711 70 5 can can AUX issue-2711 70 6 leverage leverage VERB issue-2711 70 7 their their PRON issue-2711 70 8 vast vast ADJ issue-2711 70 9 customer customer NOUN issue-2711 70 10 bases basis NOUN issue-2711 70 11 to to PART issue-2711 70 12 introduce introduce VERB issue-2711 70 13 fast fast ADJ issue-2711 70 14 and and CCONJ issue-2711 70 15 convenient convenient ADJ issue-2711 70 16 cryptocurrencies cryptocurrencie NOUN issue-2711 70 17 to to ADP issue-2711 70 18 their their PRON issue-2711 70 19 customers customer NOUN issue-2711 70 20 , , PUNCT issue-2711 70 21 which which PRON issue-2711 70 22 could could AUX issue-2711 70 23 theoretically theoretically ADV issue-2711 70 24 destabilise destabilise VERB issue-2711 70 25 the the DET issue-2711 70 26 existing exist VERB issue-2711 70 27 financial financial ADJ issue-2711 70 28 system system NOUN issue-2711 70 29 and and CCONJ issue-2711 70 30 increase increase VERB issue-2711 70 31 the the DET issue-2711 70 32 risk risk NOUN issue-2711 70 33 of of ADP issue-2711 70 34 third third ADJ issue-2711 70 35 - - PUNCT issue-2711 70 36 country country NOUN issue-2711 70 37 solutions solution NOUN issue-2711 70 38 and and CCONJ issue-2711 70 39 technologies technology NOUN issue-2711 70 40 dominating dominate VERB issue-2711 70 41 the the DET issue-2711 70 42 payments payment NOUN issue-2711 70 43 market market NOUN issue-2711 70 44 . . PUNCT issue-2711 71 1 as as ADP issue-2711 71 2 a a DET issue-2711 71 3 result result NOUN issue-2711 71 4 , , PUNCT issue-2711 71 5 the the DET issue-2711 71 6 central central ADJ issue-2711 71 7 bank bank NOUN issue-2711 71 8 may may AUX issue-2711 71 9 choose choose VERB issue-2711 71 10 to to PART issue-2711 71 11 ban ban VERB issue-2711 71 12 private private ADJ issue-2711 71 13 digital digital ADJ issue-2711 71 14 currencies currency NOUN issue-2711 71 15 to to PART issue-2711 71 16 preserve preserve VERB issue-2711 71 17 its its PRON issue-2711 71 18 monopoly monopoly NOUN issue-2711 71 19 , , PUNCT issue-2711 71 20 as as SCONJ issue-2711 71 21 seen see VERB issue-2711 71 22 in in ADP issue-2711 71 23 china china PROPN issue-2711 71 24 and and CCONJ issue-2711 71 25 india india PROPN issue-2711 71 26 . . PUNCT issue-2711 72 1 today today NOUN issue-2711 72 2 , , PUNCT issue-2711 72 3 large large ADJ issue-2711 72 4 multinationals multinational NOUN issue-2711 72 5 play play VERB issue-2711 72 6 a a DET issue-2711 72 7 disproportionately disproportionately ADV issue-2711 72 8 large large ADJ issue-2711 72 9 role role NOUN issue-2711 72 10 in in ADP issue-2711 72 11 global global ADJ issue-2711 72 12 flows flow NOUN issue-2711 72 13 . . PUNCT issue-2711 73 1 multinationals multinational NOUN issue-2711 73 2 account account VERB issue-2711 73 3 for for ADP issue-2711 73 4 about about ADV issue-2711 73 5 30 30 NUM issue-2711 73 6 % % NOUN issue-2711 73 7 of of ADP issue-2711 73 8 trade trade NOUN issue-2711 73 9 , , PUNCT issue-2711 73 10 60 60 NUM issue-2711 73 11 % % NOUN issue-2711 73 12 of of ADP issue-2711 73 13 exports export NOUN issue-2711 73 14 and and CCONJ issue-2711 73 15 82 82 NUM issue-2711 73 16 % % NOUN issue-2711 73 17 of of ADP issue-2711 73 18 exports export NOUN issue-2711 73 19 of of ADP issue-2711 73 20 knowledge knowledge NOUN issue-2711 73 21 - - PUNCT issue-2711 73 22 intensive intensive ADJ issue-2711 73 23 goods good NOUN issue-2711 73 24 . . PUNCT issue-2711 74 1 this this PRON issue-2711 74 2 gives give VERB issue-2711 74 3 them they PRON issue-2711 74 4 significant significant ADJ issue-2711 74 5 influence influence NOUN issue-2711 74 6 over over ADP issue-2711 74 7 global global ADJ issue-2711 74 8 flows flow NOUN issue-2711 74 9 , , PUNCT issue-2711 74 10 especially especially ADV issue-2711 74 11 those those PRON issue-2711 74 12 related relate VERB issue-2711 74 13 to to ADP issue-2711 74 14 knowledge knowledge NOUN issue-2711 74 15 . . PUNCT issue-2711 75 1 as as ADP issue-2711 75 2 a a DET issue-2711 75 3 result result NOUN issue-2711 75 4 , , PUNCT issue-2711 75 5 they they PRON issue-2711 75 6 are be AUX issue-2711 75 7 central central ADJ issue-2711 75 8 not not PART issue-2711 75 9 only only ADV issue-2711 75 10 to to ADP issue-2711 75 11 managing manage VERB issue-2711 75 12 their their PRON issue-2711 75 13 own own ADJ issue-2711 75 14 resilience resilience NOUN issue-2711 75 15 but but CCONJ issue-2711 75 16 also also ADV issue-2711 75 17 , , PUNCT issue-2711 75 18 more more ADV issue-2711 75 19 broadly broadly ADV issue-2711 75 20 , , PUNCT issue-2711 75 21 to to ADP issue-2711 75 22 ensuring ensure VERB issue-2711 75 23 the the DET issue-2711 75 24 resilience resilience NOUN issue-2711 75 25 of of ADP issue-2711 75 26 the the DET issue-2711 75 27 world world NOUN issue-2711 75 28 ( ( PUNCT issue-2711 75 29 mckinsey mckinsey PROPN issue-2711 75 30 global global PROPN issue-2711 75 31 institute institute PROPN issue-2711 75 32 , , PUNCT issue-2711 75 33 2023 2023 NUM issue-2711 75 34 ) ) PUNCT issue-2711 75 35 . . PUNCT issue-2711 76 1 people people NOUN issue-2711 76 2 and and CCONJ issue-2711 76 3 companies company NOUN issue-2711 76 4 are be AUX issue-2711 76 5 becoming become VERB issue-2711 76 6 more more ADV issue-2711 76 7 transparent transparent ADJ issue-2711 76 8 , , PUNCT issue-2711 76 9 and and CCONJ issue-2711 76 10 a a DET issue-2711 76 11 lot lot NOUN issue-2711 76 12 of of ADP issue-2711 76 13 data datum NOUN issue-2711 76 14 is be AUX issue-2711 76 15 being be AUX issue-2711 76 16 collected collect VERB issue-2711 76 17 and and CCONJ issue-2711 76 18 fed feed VERB issue-2711 76 19 into into ADP issue-2711 76 20 it it PRON issue-2711 76 21 systems system NOUN issue-2711 76 22 like like ADP issue-2711 76 23 blackrock blackrock NOUN issue-2711 76 24 or or CCONJ issue-2711 76 25 bank bank PROPN issue-2711 76 26 of of ADP issue-2711 76 27 america america PROPN issue-2711 76 28 . . PUNCT issue-2711 77 1 based base VERB issue-2711 77 2 on on ADP issue-2711 77 3 this this DET issue-2711 77 4 data datum NOUN issue-2711 77 5 , , PUNCT issue-2711 77 6 ai ai VERB issue-2711 77 7 systems system NOUN issue-2711 77 8 will will AUX issue-2711 77 9 make make VERB issue-2711 77 10 decisions decision NOUN issue-2711 77 11 about about ADP issue-2711 77 12 loans loan NOUN issue-2711 77 13 , , PUNCT issue-2711 77 14 about about ADP issue-2711 77 15 ratings rating NOUN issue-2711 77 16 , , PUNCT issue-2711 77 17 sometimes sometimes ADV issue-2711 77 18 even even ADV issue-2711 77 19 about about ADP issue-2711 77 20 the the DET issue-2711 77 21 possibility possibility NOUN issue-2711 77 22 of of ADP issue-2711 77 23 going go VERB issue-2711 77 24 public public ADJ issue-2711 77 25 , , PUNCT issue-2711 77 26 about about ADP issue-2711 77 27 investments investment NOUN issue-2711 77 28 , , PUNCT issue-2711 77 29 about about ADP issue-2711 77 30 access access NOUN issue-2711 77 31 to to ADP issue-2711 77 32 public public ADJ issue-2711 77 33 funds fund NOUN issue-2711 77 34 , , PUNCT issue-2711 77 35 and and CCONJ issue-2711 77 36 so so ADV issue-2711 77 37 on on ADV issue-2711 77 38 . . PUNCT issue-2711 78 1 thus thus ADV issue-2711 78 2 , , PUNCT issue-2711 78 3 the the DET issue-2711 78 4 valuation valuation NOUN issue-2711 78 5 of of ADP issue-2711 78 6 the the DET issue-2711 78 7 company company NOUN issue-2711 78 8 itself itself PRON issue-2711 78 9 will will AUX issue-2711 78 10 change change VERB issue-2711 78 11 in in ADP issue-2711 78 12 real real ADJ issue-2711 78 13 time time NOUN issue-2711 78 14 , , PUNCT issue-2711 78 15 based base VERB issue-2711 78 16 on on ADP issue-2711 78 17 the the DET issue-2711 78 18 relevance relevance NOUN issue-2711 78 19 of of ADP issue-2711 78 20 the the DET issue-2711 78 21 company company NOUN issue-2711 78 22 's 's PART issue-2711 78 23 activities activity NOUN issue-2711 78 24 to to ADP issue-2711 78 25 the the DET issue-2711 78 26 " " PUNCT issue-2711 78 27 common common ADJ issue-2711 78 28 good good NOUN issue-2711 78 29 " " PUNCT issue-2711 78 30 . . PUNCT issue-2711 79 1 the the DET issue-2711 79 2 monopoly monopoly NOUN issue-2711 79 3 position position NOUN issue-2711 79 4 of of ADP issue-2711 79 5 big big ADJ issue-2711 79 6 data datum NOUN issue-2711 79 7 gives give VERB issue-2711 79 8 them they PRON issue-2711 79 9 the the DET issue-2711 79 10 ability ability NOUN issue-2711 79 11 to to PART issue-2711 79 12 disregard disregard VERB issue-2711 79 13 the the DET issue-2711 79 14 laws law NOUN issue-2711 79 15 of of ADP issue-2711 79 16 entire entire ADJ issue-2711 79 17 states state NOUN issue-2711 79 18 if if SCONJ issue-2711 79 19 their their PRON issue-2711 79 20 interests interest NOUN issue-2711 79 21 do do AUX issue-2711 79 22 not not PART issue-2711 79 23 coincide coincide VERB issue-2711 79 24 with with ADP issue-2711 79 25 those those PRON issue-2711 79 26 of of ADP issue-2711 79 27 the the DET issue-2711 79 28 state state NOUN issue-2711 79 29 . . PUNCT issue-2711 80 1 meta meta PROPN issue-2711 80 2 platforms platform NOUN issue-2711 80 3 is be AUX issue-2711 80 4 set set VERB issue-2711 80 5 to to PART issue-2711 80 6 be be AUX issue-2711 80 7 hit hit VERB issue-2711 80 8 with with ADP issue-2711 80 9 the the DET issue-2711 80 10 eu eu PROPN issue-2711 80 11 's 's PART issue-2711 80 12 first first ADJ issue-2711 80 13 antitrust antitrust ADJ issue-2711 80 14 fine fine NOUN issue-2711 80 15 for for ADP issue-2711 80 16 tying tie VERB issue-2711 80 17 its its PRON issue-2711 80 18 marketplace marketplace NOUN issue-2711 80 19 classifieds classified NOUN issue-2711 80 20 service service NOUN issue-2711 80 21 to to ADP issue-2711 80 22 facebook facebook PROPN issue-2711 80 23 's 's PART issue-2711 80 24 social social ADJ issue-2711 80 25 network network NOUN issue-2711 80 26 . . PUNCT issue-2711 81 1 the the DET issue-2711 81 2 european european PROPN issue-2711 81 3 commission commission PROPN issue-2711 81 4 's 's PART issue-2711 81 5 move move NOUN issue-2711 81 6 comes come VERB issue-2711 81 7 more more ADJ issue-2711 81 8 than than ADP issue-2711 81 9 a a PRON issue-2711 81 10 year year NOUN issue-2711 81 11 and and CCONJ issue-2711 81 12 a a DET issue-2711 81 13 half half NOUN issue-2711 81 14 after after SCONJ issue-2711 81 15 it it PRON issue-2711 81 16 accused accuse VERB issue-2711 81 17 the the DET issue-2711 81 18 us us PROPN issue-2711 81 19 tech tech NOUN issue-2711 81 20 giant giant NOUN issue-2711 81 21 of of ADP issue-2711 81 22 giving give VERB issue-2711 81 23 its its PRON issue-2711 81 24 facebook facebook NOUN issue-2711 81 25 marketplace marketplace NOUN issue-2711 81 26 classifieds classified NOUN issue-2711 81 27 service service NOUN issue-2711 81 28 an an DET issue-2711 81 29 unfair unfair ADJ issue-2711 81 30 advantage advantage NOUN issue-2711 81 31 by by ADP issue-2711 81 32 bundling bundle VERB issue-2711 81 33 the the DET issue-2711 81 34 two two NUM issue-2711 81 35 services service NOUN issue-2711 81 36 . . PUNCT issue-2711 82 1 the the DET issue-2711 82 2 eu eu PROPN issue-2711 82 3 competition competition NOUN issue-2711 82 4 watchdog watchdog NOUN issue-2711 82 5 also also ADV issue-2711 82 6 said say VERB issue-2711 82 7 meta meta PROPN issue-2711 82 8 had have AUX issue-2711 82 9 abused abuse VERB issue-2711 82 10 its its PRON issue-2711 82 11 dominant dominant ADJ issue-2711 82 12 position position NOUN issue-2711 82 13 by by ADP issue-2711 82 14 unilaterally unilaterally ADV issue-2711 82 15 imposing impose VERB issue-2711 82 16 unfair unfair ADJ issue-2711 82 17 trading trading NOUN issue-2711 82 18 conditions condition NOUN issue-2711 82 19 on on ADP issue-2711 82 20 competing compete VERB issue-2711 82 21 online online ADJ issue-2711 82 22 classifieds classified NOUN issue-2711 82 23 services service NOUN issue-2711 82 24 that that PRON issue-2711 82 25 advertise advertise VERB issue-2711 82 26 on on ADP issue-2711 82 27 facebook facebook PROPN issue-2711 82 28 or or CCONJ issue-2711 82 29 instagram instagram PROPN issue-2711 82 30 ( ( PUNCT issue-2711 82 31 reuters reuters PROPN issue-2711 82 32 , , PUNCT issue-2711 82 33 2024 2024 NUM issue-2711 82 34 ) ) PUNCT issue-2711 82 35 . . PUNCT issue-2711 83 1 meta meta PROPN issue-2711 83 2 platforms platform NOUN issue-2711 83 3 faces face VERB issue-2711 83 4 its its PRON issue-2711 83 5 first first ADJ issue-2711 83 6 eu eu PROPN issue-2711 83 7 antitrust antitrust ADJ issue-2711 83 8 fine fine NOUN issue-2711 83 9 for for ADP issue-2711 83 10 linking link VERB issue-2711 83 11 its its PRON issue-2711 83 12 marketplace marketplace NOUN issue-2711 83 13 classifieds classified NOUN issue-2711 83 14 service service NOUN issue-2711 83 15 to to ADP issue-2711 83 16 facebook facebook PROPN issue-2711 83 17 's 's PART issue-2711 83 18 social social ADJ issue-2711 83 19 network network NOUN issue-2711 83 20 . . PUNCT issue-2711 84 1 the the DET issue-2711 84 2 european european PROPN issue-2711 84 3 commission commission PROPN issue-2711 84 4 's 's PART issue-2711 84 5 decision decision NOUN issue-2711 84 6 comes come VERB issue-2711 84 7 more more ADJ issue-2711 84 8 than than ADP issue-2711 84 9 18 18 NUM issue-2711 84 10 months month NOUN issue-2711 84 11 after after SCONJ issue-2711 84 12 it it PRON issue-2711 84 13 accused accuse VERB issue-2711 84 14 the the DET issue-2711 84 15 us us PROPN issue-2711 84 16 tech tech NOUN issue-2711 84 17 giant giant NOUN issue-2711 84 18 of of ADP issue-2711 84 19 unfairly unfairly ADV issue-2711 84 20 bundling bundle VERB issue-2711 84 21 facebook facebook NOUN issue-2711 84 22 marketplace marketplace NOUN issue-2711 84 23 with with ADP issue-2711 84 24 its its PRON issue-2711 84 25 social social ADJ issue-2711 84 26 network network NOUN issue-2711 84 27 , , PUNCT issue-2711 84 28 giving give VERB issue-2711 84 29 it it PRON issue-2711 84 30 an an DET issue-2711 84 31 unfair unfair ADJ issue-2711 84 32 competitive competitive ADJ issue-2711 84 33 advantage advantage NOUN issue-2711 84 34 . . PUNCT issue-2711 85 1 the the DET issue-2711 85 2 eu eu PROPN issue-2711 85 3 competition competition NOUN issue-2711 85 4 authority authority NOUN issue-2711 85 5 also also ADV issue-2711 85 6 stated state VERB issue-2711 85 7 that that SCONJ issue-2711 85 8 meta meta PROPN issue-2711 85 9 had have AUX issue-2711 85 10 abused abuse VERB issue-2711 85 11 its its PRON issue-2711 85 12 dominant dominant ADJ issue-2711 85 13 position position NOUN issue-2711 85 14 by by ADP issue-2711 85 15 unilaterally unilaterally ADV issue-2711 85 16 imposing impose VERB issue-2711 85 17 unfair unfair ADJ issue-2711 85 18 trading trading NOUN issue-2711 85 19 conditions condition NOUN issue-2711 85 20 on on ADP issue-2711 85 21 competing compete VERB issue-2711 85 22 online online ADJ issue-2711 85 23 classified classify VERB issue-2711 85 24 ad ad NOUN issue-2711 85 25 services service NOUN issue-2711 85 26 that that PRON issue-2711 85 27 advertise advertise VERB issue-2711 85 28 on on ADP issue-2711 85 29 facebook facebook PROPN issue-2711 85 30 or or CCONJ issue-2711 85 31 instagram instagram PROPN issue-2711 85 32 ( ( PUNCT issue-2711 85 33 reuters reuters PROPN issue-2711 85 34 , , PUNCT issue-2711 85 35 2024 2024 NUM issue-2711 85 36 ) ) PUNCT issue-2711 85 37 . . PUNCT issue-2711 86 1 the the DET issue-2711 86 2 maximum maximum ADJ issue-2711 86 3 fine fine NOUN issue-2711 86 4 that that SCONJ issue-2711 86 5 meta meta PROPN issue-2711 86 6 could could AUX issue-2711 86 7 incur incur VERB issue-2711 86 8 under under ADP issue-2711 86 9 eu eu PROPN issue-2711 86 10 sanctions sanction NOUN issue-2711 86 11 for for ADP issue-2711 86 12 this this DET issue-2711 86 13 infringement infringement NOUN issue-2711 86 14 is be AUX issue-2711 86 15 13.4 13.4 NUM issue-2711 86 16 billion billion NUM issue-2711 86 17 usd usd NOUN issue-2711 86 18 – – PUNCT issue-2711 86 19 10 10 NUM issue-2711 86 20 % % NOUN issue-2711 86 21 of of ADP issue-2711 86 22 its its PRON issue-2711 86 23 global global ADJ issue-2711 86 24 revenue revenue NOUN issue-2711 86 25 for for ADP issue-2711 86 26 2023 2023 NUM issue-2711 86 27 . . PUNCT issue-2711 87 1 however however ADV issue-2711 87 2 , , PUNCT issue-2711 87 3 it it PRON issue-2711 87 4 is be AUX issue-2711 87 5 typical typical ADJ issue-2711 87 6 for for SCONJ issue-2711 87 7 eu eu PROPN issue-2711 87 8 sanctions sanction NOUN issue-2711 87 9 to to PART issue-2711 87 10 fall fall VERB issue-2711 87 11 below below ADP issue-2711 87 12 this this DET issue-2711 87 13 maximum maximum ADJ issue-2711 87 14 limit limit NOUN issue-2711 87 15 ( ( PUNCT issue-2711 87 16 reuters reuter NOUN issue-2711 87 17 , , PUNCT issue-2711 87 18 2024 2024 NUM issue-2711 87 19 ) ) PUNCT issue-2711 87 20 . . PUNCT issue-2711 88 1 moreover moreover ADV issue-2711 88 2 , , PUNCT issue-2711 88 3 the the DET issue-2711 88 4 european european PROPN issue-2711 88 5 commission commission PROPN issue-2711 88 6 has have AUX issue-2711 88 7 initiated initiate VERB issue-2711 88 8 legal legal ADJ issue-2711 88 9 proceedings proceeding NOUN issue-2711 88 10 under under ADP issue-2711 88 11 the the DET issue-2711 88 12 digital digital ADJ issue-2711 88 13 markets market NOUN issue-2711 88 14 act act VERB issue-2711 88 15 ( ( PUNCT issue-2711 88 16 dma dma NOUN issue-2711 88 17 ) ) PUNCT issue-2711 88 18 against against ADP issue-2711 88 19 alphabet alphabet PROPN issue-2711 88 20 , , PUNCT issue-2711 88 21 apple apple NOUN issue-2711 88 22 , , PUNCT issue-2711 88 23 and and CCONJ issue-2711 88 24 meta meta VERB issue-2711 88 25 , , PUNCT issue-2711 88 26 citing cite VERB issue-2711 88 27 concerns concern NOUN issue-2711 88 28 that that SCONJ issue-2711 88 29 their their PRON issue-2711 88 30 compliance compliance NOUN issue-2711 88 31 measures measure NOUN issue-2711 88 32 fail fail VERB issue-2711 88 33 to to PART issue-2711 88 34 meet meet VERB issue-2711 88 35 the the DET issue-2711 88 36 dma dma PROPN issue-2711 88 37 's 's PART issue-2711 88 38 requirements requirement NOUN issue-2711 88 39 ( ( PUNCT issue-2711 88 40 european european PROPN issue-2711 88 41 commission commission PROPN issue-2711 88 42 , , PUNCT issue-2711 88 43 2024 2024 NUM issue-2711 88 44 ) ) PUNCT issue-2711 88 45 . . PUNCT issue-2711 89 1 in in ADP issue-2711 89 2 the the DET issue-2711 89 3 case case NOUN issue-2711 89 4 of of ADP issue-2711 89 5 apple apple NOUN issue-2711 89 6 and and CCONJ issue-2711 89 7 alphabet alphabet NOUN issue-2711 89 8 , , PUNCT issue-2711 89 9 the the DET issue-2711 89 10 commission commission NOUN issue-2711 89 11 is be AUX issue-2711 89 12 investigating investigate VERB issue-2711 89 13 whether whether SCONJ issue-2711 89 14 their their PRON issue-2711 89 15 app app NOUN issue-2711 89 16 store store NOUN issue-2711 89 17 policies policy NOUN issue-2711 89 18 violate violate VERB issue-2711 89 19 the the DET issue-2711 89 20 dma dma PROPN issue-2711 89 21 's 's PART issue-2711 89 22 requirement requirement NOUN issue-2711 89 23 that that SCONJ issue-2711 89 24 gatekeepers gatekeeper NOUN issue-2711 89 25 must must AUX issue-2711 89 26 allow allow VERB issue-2711 89 27 baltic baltic ADJ issue-2711 89 28 journal journal PROPN issue-2711 89 29 of of ADP issue-2711 89 30 economic economic ADJ issue-2711 89 31 studies study NOUN issue-2711 89 32 12 12 NUM issue-2711 89 33 vol vol NOUN issue-2711 89 34 . . PUNCT issue-2711 90 1 11 11 NUM issue-2711 91 1 no no NOUN issue-2711 91 2 . . NOUN issue-2711 91 3 1 1 NUM issue-2711 91 4 , , PUNCT issue-2711 91 5 2025 2025 NUM issue-2711 91 6 app app NOUN issue-2711 91 7 developers developer NOUN issue-2711 91 8 to to PART issue-2711 91 9 " " PUNCT issue-2711 91 10 redirect redirect VERB issue-2711 91 11 " " PUNCT issue-2711 91 12 consumers consumer NOUN issue-2711 91 13 to to ADP issue-2711 91 14 external external ADJ issue-2711 91 15 offers offer NOUN issue-2711 91 16 without without ADP issue-2711 91 17 charging charge VERB issue-2711 91 18 . . PUNCT issue-2711 92 1 for for ADP issue-2711 92 2 alphabet alphabet PROPN issue-2711 92 3 in in ADP issue-2711 92 4 particular particular ADJ issue-2711 92 5 , , PUNCT issue-2711 92 6 the the DET issue-2711 92 7 commission commission NOUN issue-2711 92 8 is be AUX issue-2711 92 9 investigating investigate VERB issue-2711 92 10 whether whether SCONJ issue-2711 92 11 it it PRON issue-2711 92 12 favours favour VERB issue-2711 92 13 its its PRON issue-2711 92 14 own own ADJ issue-2711 92 15 vertical vertical ADJ issue-2711 92 16 search search NOUN issue-2711 92 17 services service NOUN issue-2711 92 18 , , PUNCT issue-2711 92 19 such such ADJ issue-2711 92 20 as as ADP issue-2711 92 21 google google PROPN issue-2711 92 22 shopping shopping NOUN issue-2711 92 23 and and CCONJ issue-2711 92 24 google google PROPN issue-2711 92 25 hotels hotel NOUN issue-2711 92 26 , , PUNCT issue-2711 92 27 over over ADP issue-2711 92 28 competing compete VERB issue-2711 92 29 services service NOUN issue-2711 92 30 , , PUNCT issue-2711 92 31 in in ADP issue-2711 92 32 breach breach NOUN issue-2711 92 33 of of ADP issue-2711 92 34 the the DET issue-2711 92 35 dma dma PROPN issue-2711 92 36 . . PROPN issue-2711 93 1 for for ADP issue-2711 93 2 apple apple NOUN issue-2711 93 3 , , PUNCT issue-2711 93 4 the the DET issue-2711 93 5 investigation investigation NOUN issue-2711 93 6 focuses focus VERB issue-2711 93 7 on on ADP issue-2711 93 8 whether whether SCONJ issue-2711 93 9 its its PRON issue-2711 93 10 web web NOUN issue-2711 93 11 browser browser NOUN issue-2711 93 12 selection selection NOUN issue-2711 93 13 screen screen NOUN issue-2711 93 14 design design NOUN issue-2711 93 15 prevents prevent VERB issue-2711 93 16 users user NOUN issue-2711 93 17 from from ADP issue-2711 93 18 freely freely ADV issue-2711 93 19 choosing choose VERB issue-2711 93 20 services service NOUN issue-2711 93 21 , , PUNCT issue-2711 93 22 in in ADP issue-2711 93 23 breach breach NOUN issue-2711 93 24 of of ADP issue-2711 93 25 its its PRON issue-2711 93 26 dma dma PROPN issue-2711 93 27 obligations obligation NOUN issue-2711 93 28 . . PUNCT issue-2711 94 1 as as ADP issue-2711 94 2 for for ADP issue-2711 94 3 meta meta X issue-2711 94 4 , , PUNCT issue-2711 94 5 the the DET issue-2711 94 6 commission commission NOUN issue-2711 94 7 is be AUX issue-2711 94 8 assessing assess VERB issue-2711 94 9 whether whether SCONJ issue-2711 94 10 its its PRON issue-2711 94 11 newly newly ADV issue-2711 94 12 introduced introduce VERB issue-2711 94 13 ' ' PUNCT issue-2711 94 14 pay pay NOUN issue-2711 94 15 or or CCONJ issue-2711 94 16 consent consent NOUN issue-2711 94 17 ' ' PUNCT issue-2711 94 18 model model NOUN issue-2711 94 19 for for ADP issue-2711 94 20 eu eu PROPN issue-2711 94 21 users user NOUN issue-2711 94 22 is be AUX issue-2711 94 23 consistent consistent ADJ issue-2711 94 24 with with ADP issue-2711 94 25 the the DET issue-2711 94 26 dma dma PROPN issue-2711 94 27 . . PUNCT issue-2711 95 1 this this DET issue-2711 95 2 regulation regulation NOUN issue-2711 95 3 requires require VERB issue-2711 95 4 gatekeepers gatekeeper NOUN issue-2711 95 5 to to PART issue-2711 95 6 obtain obtain VERB issue-2711 95 7 users user NOUN issue-2711 95 8 ' ' PART issue-2711 95 9 consent consent NOUN issue-2711 95 10 before before ADP issue-2711 95 11 combining combine VERB issue-2711 95 12 or or CCONJ issue-2711 95 13 cross cross ADJ issue-2711 95 14 - - ADJ issue-2711 95 15 using use VERB issue-2711 95 16 personal personal ADJ issue-2711 95 17 data datum NOUN issue-2711 95 18 ( ( PUNCT issue-2711 95 19 lyons lyon NOUN issue-2711 95 20 , , PUNCT issue-2711 95 21 2024 2024 NUM issue-2711 95 22 ) ) PUNCT issue-2711 95 23 . . PUNCT issue-2711 96 1 in in ADP issue-2711 96 2 recent recent ADJ issue-2711 96 3 decades decade NOUN issue-2711 96 4 , , PUNCT issue-2711 96 5 ireland ireland PROPN issue-2711 96 6 has have AUX issue-2711 96 7 served serve VERB issue-2711 96 8 as as ADP issue-2711 96 9 a a DET issue-2711 96 10 tax tax NOUN issue-2711 96 11 haven haven NOUN issue-2711 96 12 for for ADP issue-2711 96 13 major major ADJ issue-2711 96 14 technology technology NOUN issue-2711 96 15 companies company NOUN issue-2711 96 16 due due ADP issue-2711 96 17 to to ADP issue-2711 96 18 its its PRON issue-2711 96 19 low low ADJ issue-2711 96 20 corporate corporate ADJ issue-2711 96 21 tax tax NOUN issue-2711 96 22 rate rate NOUN issue-2711 96 23 . . PUNCT issue-2711 97 1 many many ADJ issue-2711 97 2 companies company NOUN issue-2711 97 3 set set VERB issue-2711 97 4 up up ADP issue-2711 97 5 irish irish ADJ issue-2711 97 6 subsidiaries subsidiary NOUN issue-2711 97 7 to to PART issue-2711 97 8 license license VERB issue-2711 97 9 their their PRON issue-2711 97 10 intellectual intellectual ADJ issue-2711 97 11 property property NOUN issue-2711 97 12 and and CCONJ issue-2711 97 13 pay pay VERB issue-2711 97 14 royalties royalty NOUN issue-2711 97 15 through through ADP issue-2711 97 16 these these DET issue-2711 97 17 entities entity NOUN issue-2711 97 18 to to PART issue-2711 97 19 take take VERB issue-2711 97 20 advantage advantage NOUN issue-2711 97 21 of of ADP issue-2711 97 22 the the DET issue-2711 97 23 favourable favourable ADJ issue-2711 97 24 tax tax NOUN issue-2711 97 25 environment environment NOUN issue-2711 97 26 . . PUNCT issue-2711 98 1 the the DET issue-2711 98 2 european european PROPN issue-2711 98 3 commission commission PROPN issue-2711 98 4 first first ADV issue-2711 98 5 accused accuse VERB issue-2711 98 6 ireland ireland PROPN issue-2711 98 7 of of ADP issue-2711 98 8 providing provide VERB issue-2711 98 9 illegal illegal ADJ issue-2711 98 10 tax tax NOUN issue-2711 98 11 advantages advantage NOUN issue-2711 98 12 to to ADP issue-2711 98 13 apple apple NOUN issue-2711 98 14 in in ADP issue-2711 98 15 2016 2016 NUM issue-2711 98 16 ( ( PUNCT issue-2711 98 17 european european PROPN issue-2711 98 18 commission commission PROPN issue-2711 98 19 , , PUNCT issue-2711 98 20 2016 2016 NUM issue-2711 98 21 ) ) PUNCT issue-2711 98 22 . . PUNCT issue-2711 99 1 dublin dublin PROPN issue-2711 99 2 always always ADV issue-2711 99 3 insisted insist VERB issue-2711 99 4 on on ADP issue-2711 99 5 the the DET issue-2711 99 6 legality legality NOUN issue-2711 99 7 of of ADP issue-2711 99 8 its its PRON issue-2711 99 9 actions action NOUN issue-2711 99 10 , , PUNCT issue-2711 99 11 but but CCONJ issue-2711 99 12 the the DET issue-2711 99 13 court court NOUN issue-2711 99 14 agreed agree VERB issue-2711 99 15 with with ADP issue-2711 99 16 the the DET issue-2711 99 17 prosecution prosecution NOUN issue-2711 99 18 's 's PART issue-2711 99 19 version version NOUN issue-2711 99 20 of of ADP issue-2711 99 21 events event NOUN issue-2711 99 22 . . PUNCT issue-2711 100 1 on on ADP issue-2711 100 2 the the DET issue-2711 100 3 same same ADJ issue-2711 100 4 day day NOUN issue-2711 100 5 , , PUNCT issue-2711 100 6 another another DET issue-2711 100 7 long long ADV issue-2711 100 8 - - PUNCT issue-2711 100 9 running run VERB issue-2711 100 10 case case NOUN issue-2711 100 11 against against ADP issue-2711 100 12 another another DET issue-2711 100 13 american american ADJ issue-2711 100 14 giant giant NOUN issue-2711 100 15 , , PUNCT issue-2711 100 16 google google PROPN issue-2711 100 17 , , PUNCT issue-2711 100 18 came come VERB issue-2711 100 19 to to ADP issue-2711 100 20 an an DET issue-2711 100 21 end end NOUN issue-2711 100 22 . . PUNCT issue-2711 101 1 after after ADP issue-2711 101 2 ruling rule VERB issue-2711 101 3 that that SCONJ issue-2711 101 4 the the DET issue-2711 101 5 company company NOUN issue-2711 101 6 had have AUX issue-2711 101 7 abused abuse VERB issue-2711 101 8 its its PRON issue-2711 101 9 dominant dominant ADJ issue-2711 101 10 position position NOUN issue-2711 101 11 in in ADP issue-2711 101 12 the the DET issue-2711 101 13 european european ADJ issue-2711 101 14 market market NOUN issue-2711 101 15 , , PUNCT issue-2711 101 16 the the DET issue-2711 101 17 court court NOUN issue-2711 101 18 fined fine VERB issue-2711 101 19 it it PRON issue-2711 101 20 2.4 2.4 NUM issue-2711 101 21 billion billion NUM issue-2711 101 22 eur eur NOUN issue-2711 101 23 ( ( PUNCT issue-2711 101 24 bbc bbc PROPN issue-2711 101 25 , , PUNCT issue-2711 101 26 2024 2024 NUM issue-2711 101 27 ) ) PUNCT issue-2711 101 28 . . PUNCT issue-2711 102 1 the the DET issue-2711 102 2 european european PROPN issue-2711 102 3 court court PROPN issue-2711 102 4 's 's PART issue-2711 102 5 ruling ruling NOUN issue-2711 102 6 means mean VERB issue-2711 102 7 that that SCONJ issue-2711 102 8 ireland ireland PROPN issue-2711 102 9 will will AUX issue-2711 102 10 have have VERB issue-2711 102 11 to to PART issue-2711 102 12 recover recover VERB issue-2711 102 13 underpaid underpaid ADJ issue-2711 102 14 taxes taxis NOUN issue-2711 102 15 from from ADP issue-2711 102 16 apple apple NOUN issue-2711 102 17 – – PUNCT issue-2711 102 18 exactly exactly ADV issue-2711 102 19 what what PRON issue-2711 102 20 dublin dublin NOUN issue-2711 102 21 has have AUX issue-2711 102 22 been be AUX issue-2711 102 23 trying try VERB issue-2711 102 24 to to PART issue-2711 102 25 avoid avoid VERB issue-2711 102 26 in in ADP issue-2711 102 27 eight eight NUM issue-2711 102 28 years year NOUN issue-2711 102 29 of of ADP issue-2711 102 30 litigation litigation NOUN issue-2711 102 31 . . PUNCT issue-2711 103 1 the the DET issue-2711 103 2 irish irish ADJ issue-2711 103 3 authorities authority NOUN issue-2711 103 4 argue argue VERB issue-2711 103 5 that that SCONJ issue-2711 103 6 low low ADJ issue-2711 103 7 taxes taxis NOUN issue-2711 103 8 make make VERB issue-2711 103 9 the the DET issue-2711 103 10 country country NOUN issue-2711 103 11 an an DET issue-2711 103 12 attractive attractive ADJ issue-2711 103 13 platform platform NOUN issue-2711 103 14 for for ADP issue-2711 103 15 large large ADJ issue-2711 103 16 it it PRON issue-2711 103 17 companies company NOUN issue-2711 103 18 , , PUNCT issue-2711 103 19 more more ADJ issue-2711 103 20 than than ADP issue-2711 103 21 offsetting offset VERB issue-2711 103 22 any any DET issue-2711 103 23 underpayment underpayment NOUN issue-2711 103 24 of of ADP issue-2711 103 25 tax tax NOUN issue-2711 103 26 . . PUNCT issue-2711 104 1 that that PRON issue-2711 104 2 is be AUX issue-2711 104 3 why why SCONJ issue-2711 104 4 apple apple NOUN issue-2711 104 5 's 's PART issue-2711 104 6 europe europe NOUN issue-2711 104 7 , , PUNCT issue-2711 104 8 middle middle PROPN issue-2711 104 9 east east PROPN issue-2711 104 10 and and CCONJ issue-2711 104 11 africa africa PROPN issue-2711 104 12 office office PROPN issue-2711 104 13 is be AUX issue-2711 104 14 based base VERB issue-2711 104 15 in in ADP issue-2711 104 16 dublin dublin PROPN issue-2711 104 17 , , PUNCT issue-2711 104 18 where where SCONJ issue-2711 104 19 corporation corporation NOUN issue-2711 104 20 tax tax NOUN issue-2711 104 21 is be AUX issue-2711 104 22 one one NUM issue-2711 104 23 of of ADP issue-2711 104 24 the the DET issue-2711 104 25 lowest low ADJ issue-2711 104 26 in in ADP issue-2711 104 27 the the DET issue-2711 104 28 european european PROPN issue-2711 104 29 union union PROPN issue-2711 104 30 . . PUNCT issue-2711 105 1 formally formally ADV issue-2711 105 2 , , PUNCT issue-2711 105 3 the the DET issue-2711 105 4 corporate corporate ADJ issue-2711 105 5 tax tax NOUN issue-2711 105 6 rate rate NOUN issue-2711 105 7 is be AUX issue-2711 105 8 set set VERB issue-2711 105 9 at at ADP issue-2711 105 10 national national ADJ issue-2711 105 11 level level NOUN issue-2711 105 12 and and CCONJ issue-2711 105 13 is be AUX issue-2711 105 14 not not PART issue-2711 105 15 subject subject ADJ issue-2711 105 16 to to ADP issue-2711 105 17 eu eu PROPN issue-2711 105 18 jurisdiction jurisdiction NOUN issue-2711 105 19 . . PUNCT issue-2711 106 1 however however ADV issue-2711 106 2 , , PUNCT issue-2711 106 3 brussels brussels PROPN issue-2711 106 4 has have VERB issue-2711 106 5 broad broad ADJ issue-2711 106 6 powers power NOUN issue-2711 106 7 to to PART issue-2711 106 8 regulate regulate VERB issue-2711 106 9 state state NOUN issue-2711 106 10 aid aid NOUN issue-2711 106 11 to to ADP issue-2711 106 12 eu eu PROPN issue-2711 106 13 member member PROPN issue-2711 106 14 states state NOUN issue-2711 106 15 , , PUNCT issue-2711 106 16 and and CCONJ issue-2711 106 17 in in ADP issue-2711 106 18 this this DET issue-2711 106 19 case case NOUN issue-2711 106 20 the the DET issue-2711 106 21 tax tax NOUN issue-2711 106 22 cut cut NOUN issue-2711 106 23 for for ADP issue-2711 106 24 apple apple NOUN issue-2711 106 25 is be AUX issue-2711 106 26 effectively effectively ADV issue-2711 106 27 a a DET issue-2711 106 28 subsidy subsidy NOUN issue-2711 106 29 to to ADP issue-2711 106 30 the the DET issue-2711 106 31 american american ADJ issue-2711 106 32 company company NOUN issue-2711 106 33 , , PUNCT issue-2711 106 34 leading lead VERB issue-2711 106 35 to to ADP issue-2711 106 36 unfair unfair ADJ issue-2711 106 37 competition competition NOUN issue-2711 106 38 . . PUNCT issue-2711 107 1 there there PRON issue-2711 107 2 has have AUX issue-2711 107 3 been be AUX issue-2711 107 4 a a DET issue-2711 107 5 well well ADV issue-2711 107 6 - - PUNCT issue-2711 107 7 documented document VERB issue-2711 107 8 and and CCONJ issue-2711 107 9 intense intense ADJ issue-2711 107 10 conflict conflict NOUN issue-2711 107 11 between between ADP issue-2711 107 12 big big ADJ issue-2711 107 13 tech tech NOUN issue-2711 107 14 and and CCONJ issue-2711 107 15 the the DET issue-2711 107 16 australian australian ADJ issue-2711 107 17 government government NOUN issue-2711 107 18 over over ADP issue-2711 107 19 access access NOUN issue-2711 107 20 to to ADP issue-2711 107 21 the the DET issue-2711 107 22 country country NOUN issue-2711 107 23 's 's PART issue-2711 107 24 information information NOUN issue-2711 107 25 market market NOUN issue-2711 107 26 . . PUNCT issue-2711 108 1 facebook facebook NOUN issue-2711 108 2 even even ADV issue-2711 108 3 went go VERB issue-2711 108 4 so so ADV issue-2711 108 5 far far ADV issue-2711 108 6 as as SCONJ issue-2711 108 7 to to PART issue-2711 108 8 block block VERB issue-2711 108 9 certain certain ADJ issue-2711 108 10 sources source NOUN issue-2711 108 11 of of ADP issue-2711 108 12 information information NOUN issue-2711 108 13 and and CCONJ issue-2711 108 14 threaten threaten VERB issue-2711 108 15 to to PART issue-2711 108 16 disconnect disconnect VERB issue-2711 108 17 australia australia PROPN issue-2711 108 18 from from ADP issue-2711 108 19 its its PRON issue-2711 108 20 platform platform NOUN issue-2711 108 21 in in ADP issue-2711 108 22 response response NOUN issue-2711 108 23 to to ADP issue-2711 108 24 government government NOUN issue-2711 108 25 demands demand NOUN issue-2711 108 26 that that SCONJ issue-2711 108 27 big big ADJ issue-2711 108 28 tech tech NOUN issue-2711 108 29 pay pay NOUN issue-2711 108 30 for for ADP issue-2711 108 31 information information NOUN issue-2711 108 32 from from ADP issue-2711 108 33 private private ADJ issue-2711 108 34 australian australian ADJ issue-2711 108 35 providers provider NOUN issue-2711 108 36 . . PUNCT issue-2711 109 1 " " PUNCT issue-2711 109 2 these these DET issue-2711 109 3 actions action NOUN issue-2711 109 4 will will AUX issue-2711 109 5 only only ADV issue-2711 109 6 confirm confirm VERB issue-2711 109 7 the the DET issue-2711 109 8 concerns concern NOUN issue-2711 109 9 expressed express VERB issue-2711 109 10 by by ADP issue-2711 109 11 a a DET issue-2711 109 12 growing grow VERB issue-2711 109 13 number number NOUN issue-2711 109 14 of of ADP issue-2711 109 15 countries country NOUN issue-2711 109 16 about about ADP issue-2711 109 17 the the DET issue-2711 109 18 behaviour behaviour NOUN issue-2711 109 19 of of ADP issue-2711 109 20 big big ADJ issue-2711 109 21 tech tech NOUN issue-2711 109 22 companies company NOUN issue-2711 109 23 who who PRON issue-2711 109 24 think think VERB issue-2711 109 25 they they PRON issue-2711 109 26 are be AUX issue-2711 109 27 bigger big ADJ issue-2711 109 28 than than ADP issue-2711 109 29 governments government NOUN issue-2711 109 30 and and CCONJ issue-2711 109 31 that that SCONJ issue-2711 109 32 the the DET issue-2711 109 33 rules rule NOUN issue-2711 109 34 should should AUX issue-2711 109 35 not not PART issue-2711 109 36 apply apply VERB issue-2711 109 37 to to ADP issue-2711 109 38 them they PRON issue-2711 109 39 , , PUNCT issue-2711 109 40 " " PUNCT issue-2711 109 41 wrote write VERB issue-2711 109 42 australian australian ADJ issue-2711 109 43 prime prime ADJ issue-2711 109 44 minister minister PROPN issue-2711 109 45 scott scott PROPN issue-2711 109 46 morrison morrison PROPN issue-2711 109 47 , , PUNCT issue-2711 109 48 who who PRON issue-2711 109 49 pointedly pointedly ADV issue-2711 109 50 criticised criticise VERB issue-2711 109 51 facebook facebook NOUN issue-2711 109 52 's 's PART issue-2711 109 53 decision decision NOUN issue-2711 109 54 to to PART issue-2711 109 55 " " PUNCT issue-2711 109 56 unfriend unfriend VERB issue-2711 109 57 " " PUNCT issue-2711 109 58 his his PRON issue-2711 109 59 country country NOUN issue-2711 109 60 in in ADP issue-2711 109 61 a a DET issue-2711 109 62 post post NOUN issue-2711 109 63 on on ADP issue-2711 109 64 the the DET issue-2711 109 65 platform platform NOUN issue-2711 109 66 . . PUNCT issue-2711 110 1 " " PUNCT issue-2711 110 2 they they PRON issue-2711 110 3 may may AUX issue-2711 110 4 be be AUX issue-2711 110 5 changing change VERB issue-2711 110 6 the the DET issue-2711 110 7 world world NOUN issue-2711 110 8 , , PUNCT issue-2711 110 9 but but CCONJ issue-2711 110 10 that that PRON issue-2711 110 11 does do AUX issue-2711 110 12 n’t not PART issue-2711 110 13 mean mean VERB issue-2711 110 14 they they PRON issue-2711 110 15 run run VERB issue-2711 110 16 it it PRON issue-2711 110 17 . . PUNCT issue-2711 110 18 " " PUNCT issue-2711 111 1 ( ( PUNCT issue-2711 111 2 cnn cnn PROPN issue-2711 111 3 business business NOUN issue-2711 111 4 , , PUNCT issue-2711 111 5 2021 2021 NUM issue-2711 111 6 ) ) PUNCT issue-2711 111 7 chinese chinese ADJ issue-2711 111 8 startup startup NOUN issue-2711 111 9 deepseek deepseek PROPN issue-2711 111 10 has have AUX issue-2711 111 11 sent send VERB issue-2711 111 12 the the DET issue-2711 111 13 share share NOUN issue-2711 111 14 prices price NOUN issue-2711 111 15 of of ADP issue-2711 111 16 several several ADJ issue-2711 111 17 major major ADJ issue-2711 111 18 us us PROPN issue-2711 111 19 tech tech NOUN issue-2711 111 20 companies company NOUN issue-2711 111 21 tumbling tumble VERB issue-2711 111 22 after after SCONJ issue-2711 111 23 it it PRON issue-2711 111 24 released release VERB issue-2711 111 25 a a DET issue-2711 111 26 new new ADJ issue-2711 111 27 open open ADJ issue-2711 111 28 source source NOUN issue-2711 111 29 model model NOUN issue-2711 111 30 : : PUNCT issue-2711 111 31 the the DET issue-2711 111 32 deepseek deepseek NOUN issue-2711 111 33 - - PUNCT issue-2711 111 34 r1 r1 NOUN issue-2711 111 35 . . PUNCT issue-2711 112 1 the the DET issue-2711 112 2 company company NOUN issue-2711 112 3 claims claim VERB issue-2711 112 4 that that SCONJ issue-2711 112 5 the the DET issue-2711 112 6 r1 r1 PROPN issue-2711 112 7 's 's PART issue-2711 112 8 performance performance NOUN issue-2711 112 9 matches match VERB issue-2711 112 10 that that PRON issue-2711 112 11 of of ADP issue-2711 112 12 the the DET issue-2711 112 13 us us PROPN issue-2711 112 14 company company NOUN issue-2711 112 15 's 's PART issue-2711 112 16 original original ADJ issue-2711 112 17 openai openai NOUN issue-2711 112 18 model model NOUN issue-2711 112 19 , , PUNCT issue-2711 112 20 using use VERB issue-2711 112 21 a a DET issue-2711 112 22 fraction fraction NOUN issue-2711 112 23 of of ADP issue-2711 112 24 the the DET issue-2711 112 25 resources resource NOUN issue-2711 112 26 . . PUNCT issue-2711 113 1 the the DET issue-2711 113 2 chinese chinese ADJ issue-2711 113 3 model model NOUN issue-2711 113 4 is be AUX issue-2711 113 5 also also ADV issue-2711 113 6 much much ADV issue-2711 113 7 cheaper cheap ADJ issue-2711 113 8 to to PART issue-2711 113 9 run run VERB issue-2711 113 10 . . PUNCT issue-2711 114 1 the the DET issue-2711 114 2 model model NOUN issue-2711 114 3 is be AUX issue-2711 114 4 available available ADJ issue-2711 114 5 to to ADP issue-2711 114 6 the the DET issue-2711 114 7 public public ADJ issue-2711 114 8 free free ADJ issue-2711 114 9 of of ADP issue-2711 114 10 charge charge NOUN issue-2711 114 11 , , PUNCT issue-2711 114 12 and and CCONJ issue-2711 114 13 developers developer NOUN issue-2711 114 14 who who PRON issue-2711 114 15 want want VERB issue-2711 114 16 to to PART issue-2711 114 17 build build VERB issue-2711 114 18 applications application NOUN issue-2711 114 19 on on ADP issue-2711 114 20 top top NOUN issue-2711 114 21 of of ADP issue-2711 114 22 it it PRON issue-2711 114 23 will will AUX issue-2711 114 24 benefit benefit VERB issue-2711 114 25 . . PUNCT issue-2711 115 1 while while SCONJ issue-2711 115 2 openai openai ADJ issue-2711 115 3 , , PUNCT issue-2711 115 4 anthropic anthropic NOUN issue-2711 115 5 , , PUNCT issue-2711 115 6 google google PROPN issue-2711 115 7 , , PUNCT issue-2711 115 8 meta meta ADJ issue-2711 115 9 and and CCONJ issue-2711 115 10 microsoft microsoft PROPN issue-2711 115 11 have have AUX issue-2711 115 12 collectively collectively ADV issue-2711 115 13 spent spend VERB issue-2711 115 14 billions billion NOUN issue-2711 115 15 of of ADP issue-2711 115 16 dollars dollar NOUN issue-2711 115 17 training train VERB issue-2711 115 18 their their PRON issue-2711 115 19 models model NOUN issue-2711 115 20 , , PUNCT issue-2711 115 21 deepseek deepseek ADJ issue-2711 115 22 claims claim NOUN issue-2711 115 23 to to PART issue-2711 115 24 have have AUX issue-2711 115 25 spent spend VERB issue-2711 115 26 less less ADJ issue-2711 115 27 than than ADP issue-2711 115 28 6 6 NUM issue-2711 115 29 million million NUM issue-2711 115 30 usd usd NOUN issue-2711 115 31 on on ADP issue-2711 115 32 hardware hardware NOUN issue-2711 115 33 to to PART issue-2711 115 34 train train VERB issue-2711 115 35 the the DET issue-2711 115 36 r1 r1 PROPN issue-2711 115 37 's 's PART issue-2711 115 38 predecessor predecessor NOUN issue-2711 115 39 , , PUNCT issue-2711 115 40 deepseek deepseek ADJ issue-2711 115 41 - - PUNCT issue-2711 115 42 v3 v3 NOUN issue-2711 115 43 . . PUNCT issue-2711 116 1 unlike unlike ADP issue-2711 116 2 the the DET issue-2711 116 3 chinese chinese ADJ issue-2711 116 4 platform platform NOUN issue-2711 116 5 , , PUNCT issue-2711 116 6 the the DET issue-2711 116 7 us us PROPN issue-2711 116 8 digital digital PROPN issue-2711 116 9 platforms platform NOUN issue-2711 116 10 have have AUX issue-2711 116 11 preferred prefer VERB issue-2711 116 12 to to PART issue-2711 116 13 sell sell VERB issue-2711 116 14 their their PRON issue-2711 116 15 services service NOUN issue-2711 116 16 , , PUNCT issue-2711 116 17 earning earn VERB issue-2711 116 18 billions billion NOUN issue-2711 116 19 of of ADP issue-2711 116 20 dollars dollar NOUN issue-2711 116 21 in in ADP issue-2711 116 22 the the DET issue-2711 116 23 process process NOUN issue-2711 116 24 . . PUNCT issue-2711 117 1 us we PRON issue-2711 117 2 officials official NOUN issue-2711 117 3 have have AUX issue-2711 117 4 already already ADV issue-2711 117 5 said say VERB issue-2711 117 6 that that SCONJ issue-2711 117 7 deepseek deepseek NOUN issue-2711 117 8 may may AUX issue-2711 117 9 have have AUX issue-2711 117 10 used use VERB issue-2711 117 11 models model NOUN issue-2711 117 12 developed develop VERB issue-2711 117 13 by by ADP issue-2711 117 14 openai openai NOUN issue-2711 117 15 , , PUNCT issue-2711 117 16 a a DET issue-2711 117 17 us us PROPN issue-2711 117 18 company company NOUN issue-2711 117 19 involved involve VERB issue-2711 117 20 in in ADP issue-2711 117 21 president president PROPN issue-2711 117 22 trump trump NOUN issue-2711 117 23 's 's PART issue-2711 117 24 grandiose grandiose ADJ issue-2711 117 25 stargate stargate NOUN issue-2711 117 26 project project NOUN issue-2711 117 27 , , PUNCT issue-2711 117 28 " " PUNCT issue-2711 117 29 by by ADP issue-2711 117 30 far far ADV issue-2711 117 31 the the DET issue-2711 117 32 largest large ADJ issue-2711 117 33 ai ai VERB issue-2711 117 34 infrastructure infrastructure NOUN issue-2711 117 35 project project NOUN issue-2711 117 36 in in ADP issue-2711 117 37 history history NOUN issue-2711 117 38 " " PUNCT issue-2711 117 39 , , PUNCT issue-2711 117 40 in in ADP issue-2711 117 41 which which PRON issue-2711 117 42 hundreds hundred NOUN issue-2711 117 43 of of ADP issue-2711 117 44 billions billion NOUN issue-2711 117 45 of of ADP issue-2711 117 46 dollars dollar NOUN issue-2711 117 47 are be AUX issue-2711 117 48 expected expect VERB issue-2711 117 49 to to PART issue-2711 117 50 be be AUX issue-2711 117 51 invested invest VERB issue-2711 117 52 ( ( PUNCT issue-2711 117 53 forbes forbes PROPN issue-2711 117 54 , , PUNCT issue-2711 117 55 2025 2025 NUM issue-2711 117 56 ) ) PUNCT issue-2711 117 57 . . PUNCT issue-2711 118 1 the the DET issue-2711 118 2 us us PROPN issue-2711 118 3 has have AUX issue-2711 118 4 already already ADV issue-2711 118 5 introduced introduce VERB issue-2711 118 6 regulations regulation NOUN issue-2711 118 7 , , PUNCT issue-2711 118 8 or or CCONJ issue-2711 118 9 sanctions sanction NOUN issue-2711 118 10 , , PUNCT issue-2711 118 11 to to PART issue-2711 118 12 cut cut VERB issue-2711 118 13 china china PROPN issue-2711 118 14 off off ADP issue-2711 118 15 from from ADP issue-2711 118 16 advanced advanced ADJ issue-2711 118 17 chips chip NOUN issue-2711 118 18 and and CCONJ issue-2711 118 19 divert divert VERB issue-2711 118 20 investment investment NOUN issue-2711 118 21 to to ADP issue-2711 118 22 the the DET issue-2711 118 23 us us PROPN issue-2711 118 24 ( ( PUNCT issue-2711 118 25 bbc bbc PROPN issue-2711 118 26 , , PUNCT issue-2711 118 27 2025 2025 NUM issue-2711 118 28 ) ) PUNCT issue-2711 118 29 . . PUNCT issue-2711 119 1 in in ADP issue-2711 119 2 considering consider VERB issue-2711 119 3 the the DET issue-2711 119 4 issues issue NOUN issue-2711 119 5 of of ADP issue-2711 119 6 unity unity NOUN issue-2711 119 7 and and CCONJ issue-2711 119 8 the the DET issue-2711 119 9 struggle struggle NOUN issue-2711 119 10 between between ADP issue-2711 119 11 opposites opposite NOUN issue-2711 119 12 , , PUNCT issue-2711 119 13 even even ADV issue-2711 119 14 hegel hegel PROPN issue-2711 119 15 recognised recognise VERB issue-2711 119 16 that that SCONJ issue-2711 119 17 the the DET issue-2711 119 18 positive positive ADJ issue-2711 119 19 and and CCONJ issue-2711 119 20 negative negative ADJ issue-2711 119 21 elements element NOUN issue-2711 119 22 are be AUX issue-2711 119 23 inherently inherently ADV issue-2711 119 24 independent independent ADJ issue-2711 119 25 of of ADP issue-2711 119 26 each each DET issue-2711 119 27 other other ADJ issue-2711 119 28 , , PUNCT issue-2711 119 29 with with ADP issue-2711 119 30 each each DET issue-2711 119 31 element element NOUN issue-2711 119 32 representing represent VERB issue-2711 119 33 a a DET issue-2711 119 34 displacement displacement NOUN issue-2711 119 35 of of ADP issue-2711 119 36 itself itself PRON issue-2711 119 37 into into ADP issue-2711 119 38 its its PRON issue-2711 119 39 opposite opposite NOUN issue-2711 119 40 . . PUNCT issue-2711 120 1 this this DET issue-2711 120 2 process process NOUN issue-2711 120 3 of of ADP issue-2711 120 4 disappearance disappearance NOUN issue-2711 120 5 of of ADP issue-2711 120 6 opposites opposite NOUN issue-2711 120 7 is be AUX issue-2711 120 8 the the DET issue-2711 120 9 closest close ADJ issue-2711 120 10 form form NOUN issue-2711 120 11 of of ADP issue-2711 120 12 unity unity NOUN issue-2711 120 13 that that PRON issue-2711 120 14 they they PRON issue-2711 120 15 can can AUX issue-2711 120 16 achieve achieve VERB issue-2711 120 17 , , PUNCT issue-2711 120 18 and and CCONJ issue-2711 120 19 this this PRON issue-2711 120 20 is be AUX issue-2711 120 21 achieved achieve VERB issue-2711 120 22 through through ADP issue-2711 120 23 contradiction contradiction NOUN issue-2711 120 24 ( ( PUNCT issue-2711 120 25 hegel hegel NOUN issue-2711 120 26 , , PUNCT issue-2711 120 27 2021 2021 NUM issue-2711 120 28 ) ) PUNCT issue-2711 120 29 . . PUNCT issue-2711 121 1 thus thus ADV issue-2711 121 2 , , PUNCT issue-2711 121 3 sanctions sanction NOUN issue-2711 121 4 can can AUX issue-2711 121 5 be be AUX issue-2711 121 6 a a DET issue-2711 121 7 powerful powerful ADJ issue-2711 121 8 incentive incentive NOUN issue-2711 121 9 for for ADP issue-2711 121 10 rapid rapid ADJ issue-2711 121 11 development development NOUN issue-2711 121 12 for for ADP issue-2711 121 13 those those PRON issue-2711 121 14 against against ADP issue-2711 121 15 whom whom PRON issue-2711 121 16 they they PRON issue-2711 121 17 are be AUX issue-2711 121 18 directed direct VERB issue-2711 121 19 , , PUNCT issue-2711 121 20 and and CCONJ issue-2711 121 21 can can AUX issue-2711 121 22 become become VERB issue-2711 121 23 the the DET issue-2711 121 24 cause cause NOUN issue-2711 121 25 of of ADP issue-2711 121 26 economic economic ADJ issue-2711 121 27 decline decline NOUN issue-2711 121 28 and and CCONJ issue-2711 121 29 technical technical ADJ issue-2711 121 30 stagnation stagnation NOUN issue-2711 121 31 for for ADP issue-2711 121 32 those those PRON issue-2711 121 33 who who PRON issue-2711 121 34 seek seek VERB issue-2711 121 35 to to PART issue-2711 121 36 restrict restrict VERB issue-2711 121 37 competition competition NOUN issue-2711 121 38 and and CCONJ issue-2711 121 39 the the DET issue-2711 121 40 free free ADJ issue-2711 121 41 exchange exchange NOUN issue-2711 121 42 of of ADP issue-2711 121 43 ideas idea NOUN issue-2711 121 44 through through ADP issue-2711 121 45 sanctions sanction NOUN issue-2711 121 46 , , PUNCT issue-2711 121 47 a a DET issue-2711 121 48 true true ADJ issue-2711 121 49 manifestation manifestation NOUN issue-2711 121 50 of of ADP issue-2711 121 51 the the DET issue-2711 121 52 law law NOUN issue-2711 121 53 of of ADP issue-2711 121 54 unity unity NOUN issue-2711 121 55 and and CCONJ issue-2711 121 56 the the DET issue-2711 121 57 struggle struggle NOUN issue-2711 121 58 of of ADP issue-2711 121 59 opposites opposite NOUN issue-2711 121 60 . . PUNCT issue-2711 122 1 this this PRON issue-2711 122 2 is be AUX issue-2711 122 3 how how SCONJ issue-2711 122 4 the the DET issue-2711 122 5 laws law NOUN issue-2711 122 6 of of ADP issue-2711 122 7 dialectics dialectic NOUN issue-2711 122 8 work work NOUN issue-2711 122 9 , , PUNCT issue-2711 122 10 and and CCONJ issue-2711 122 11 no no DET issue-2711 122 12 one one NOUN issue-2711 122 13 has have AUX issue-2711 122 14 yet yet ADV issue-2711 122 15 managed manage VERB issue-2711 122 16 to to PART issue-2711 122 17 circumvent circumvent VERB issue-2711 122 18 them they PRON issue-2711 122 19 . . PUNCT issue-2711 123 1 in in ADP issue-2711 123 2 the the DET issue-2711 123 3 united united PROPN issue-2711 123 4 states states PROPN issue-2711 123 5 and and CCONJ issue-2711 123 6 europe europe PROPN issue-2711 123 7 , , PUNCT issue-2711 123 8 preparations preparation NOUN issue-2711 123 9 are be AUX issue-2711 123 10 underway underway ADJ issue-2711 123 11 for for ADP issue-2711 123 12 the the DET issue-2711 123 13 parallel parallel ADJ issue-2711 123 14 circulation circulation NOUN issue-2711 123 15 of of ADP issue-2711 123 16 private private ADJ issue-2711 123 17 and and CCONJ issue-2711 123 18 public public ADJ issue-2711 123 19 currencies currency NOUN issue-2711 123 20 , , PUNCT issue-2711 123 21 a a DET issue-2711 123 22 development development NOUN issue-2711 123 23 that that PRON issue-2711 123 24 has have AUX issue-2711 123 25 prompted prompt VERB issue-2711 123 26 considerable considerable ADJ issue-2711 123 27 concern concern NOUN issue-2711 123 28 . . PUNCT issue-2711 124 1 among among ADP issue-2711 124 2 american american ADJ issue-2711 124 3 cryptocurrency cryptocurrency NOUN issue-2711 124 4 owners owner NOUN issue-2711 124 5 , , PUNCT issue-2711 124 6 73 73 NUM issue-2711 124 7 % % NOUN issue-2711 124 8 intend intend VERB issue-2711 124 9 to to PART issue-2711 124 10 consider consider VERB issue-2711 124 11 a a DET issue-2711 124 12 candidate candidate NOUN issue-2711 124 13 's 's PART issue-2711 124 14 stance stance NOUN issue-2711 124 15 on on ADP issue-2711 124 16 crypto crypto NOUN issue-2711 124 17 when when SCONJ issue-2711 124 18 casting cast VERB issue-2711 124 19 their their PRON issue-2711 124 20 vote vote NOUN issue-2711 124 21 for for ADP issue-2711 124 22 the the DET issue-2711 124 23 next next ADJ issue-2711 124 24 president president NOUN issue-2711 124 25 . . PUNCT issue-2711 125 1 it it PRON issue-2711 125 2 is be AUX issue-2711 125 3 estimated estimate VERB issue-2711 125 4 that that SCONJ issue-2711 125 5 approximately approximately ADV issue-2711 125 6 40 40 NUM issue-2711 125 7 % % NOUN issue-2711 125 8 of of ADP issue-2711 125 9 american american ADJ issue-2711 125 10 adults adult NOUN issue-2711 125 11 currently currently ADV issue-2711 125 12 possess possess VERB issue-2711 125 13 cryptocurrency cryptocurrency NOUN issue-2711 125 14 , , PUNCT issue-2711 125 15 with with ADP issue-2711 125 16 some some DET issue-2711 125 17 projections projection NOUN issue-2711 125 18 suggesting suggest VERB issue-2711 125 19 the the DET issue-2711 125 20 figure figure NOUN issue-2711 125 21 could could AUX issue-2711 125 22 reach reach VERB issue-2711 125 23 as as ADV issue-2711 125 24 high high ADJ issue-2711 125 25 as as ADP issue-2711 125 26 93 93 NUM issue-2711 125 27 million million NUM issue-2711 125 28 individuals individual NOUN issue-2711 125 29 . . PUNCT issue-2711 126 1 baltic baltic PROPN issue-2711 126 2 journal journal PROPN issue-2711 126 3 of of ADP issue-2711 126 4 economic economic ADJ issue-2711 126 5 studies study NOUN issue-2711 126 6 13 13 NUM issue-2711 126 7 vol vol NOUN issue-2711 126 8 . . PROPN issue-2711 127 1 11 11 NUM issue-2711 127 2 no no NOUN issue-2711 127 3 . . NOUN issue-2711 127 4 1 1 NUM issue-2711 127 5 , , PUNCT issue-2711 127 6 2025 2025 NUM issue-2711 127 7 however however ADV issue-2711 127 8 , , PUNCT issue-2711 127 9 the the DET issue-2711 127 10 federal federal PROPN issue-2711 127 11 reserve reserve PROPN issue-2711 127 12 offers offer VERB issue-2711 127 13 a a DET issue-2711 127 14 more more ADV issue-2711 127 15 conservative conservative ADJ issue-2711 127 16 estimate estimate NOUN issue-2711 127 17 , , PUNCT issue-2711 127 18 stating state VERB issue-2711 127 19 that that SCONJ issue-2711 127 20 only only ADV issue-2711 127 21 7 7 NUM issue-2711 127 22 % % NOUN issue-2711 127 23 of of ADP issue-2711 127 24 american american ADJ issue-2711 127 25 adults adult NOUN issue-2711 127 26 ( ( PUNCT issue-2711 127 27 ~18 ~18 NOUN issue-2711 127 28 million million NUM issue-2711 127 29 ) ) PUNCT issue-2711 127 30 have have AUX issue-2711 127 31 used use VERB issue-2711 127 32 or or CCONJ issue-2711 127 33 held hold VERB issue-2711 127 34 cryptocurrency cryptocurrency NOUN issue-2711 127 35 , , PUNCT issue-2711 127 36 while while SCONJ issue-2711 127 37 one one NUM issue-2711 127 38 in in ADP issue-2711 127 39 five five NUM issue-2711 127 40 americans americans PROPN issue-2711 127 41 ( ( PUNCT issue-2711 127 42 21 21 NUM issue-2711 127 43 % % NOUN issue-2711 127 44 ) ) PUNCT issue-2711 127 45 currently currently ADV issue-2711 127 46 owns own VERB issue-2711 127 47 it it PRON issue-2711 127 48 ( ( PUNCT issue-2711 127 49 forbes forbes PROPN issue-2711 127 50 , , PUNCT issue-2711 127 51 2024 2024 NUM issue-2711 127 52 ) ) PUNCT issue-2711 127 53 . . PUNCT issue-2711 128 1 at at ADP issue-2711 128 2 the the DET issue-2711 128 3 recent recent ADJ issue-2711 128 4 bitcoin bitcoin NOUN issue-2711 128 5 conference conference NOUN issue-2711 128 6 , , PUNCT issue-2711 128 7 donald donald PROPN issue-2711 128 8 trump trump PROPN issue-2711 128 9 announced announce VERB issue-2711 128 10 his his PRON issue-2711 128 11 intention intention NOUN issue-2711 128 12 to to PART issue-2711 128 13 make make VERB issue-2711 128 14 the the DET issue-2711 128 15 united united PROPN issue-2711 128 16 states states PROPN issue-2711 128 17 the the DET issue-2711 128 18 cryptocurrency cryptocurrency NOUN issue-2711 128 19 capital capital NOUN issue-2711 128 20 of of ADP issue-2711 128 21 the the DET issue-2711 128 22 world world NOUN issue-2711 128 23 during during ADP issue-2711 128 24 his his PRON issue-2711 128 25 election election NOUN issue-2711 128 26 campaign campaign NOUN issue-2711 128 27 . . PUNCT issue-2711 129 1 he he PRON issue-2711 129 2 also also ADV issue-2711 129 3 pledged pledge VERB issue-2711 129 4 to to PART issue-2711 129 5 create create VERB issue-2711 129 6 a a DET issue-2711 129 7 " " PUNCT issue-2711 129 8 presidential presidential ADJ issue-2711 129 9 advisory advisory ADJ issue-2711 129 10 council council NOUN issue-2711 129 11 on on ADP issue-2711 129 12 bitcoin bitcoin PROPN issue-2711 129 13 and and CCONJ issue-2711 129 14 cryptocurrencies cryptocurrencie NOUN issue-2711 129 15 " " PUNCT issue-2711 129 16 and and CCONJ issue-2711 129 17 promised promise VERB issue-2711 129 18 that that SCONJ issue-2711 129 19 the the DET issue-2711 129 20 rules rule NOUN issue-2711 129 21 would would AUX issue-2711 129 22 be be AUX issue-2711 129 23 written write VERB issue-2711 129 24 by by ADP issue-2711 129 25 people people NOUN issue-2711 129 26 who who PRON issue-2711 129 27 love love VERB issue-2711 129 28 the the DET issue-2711 129 29 industry industry NOUN issue-2711 129 30 , , PUNCT issue-2711 129 31 not not PART issue-2711 129 32 hate hate VERB issue-2711 129 33 it it PRON issue-2711 129 34 ; ; PUNCT issue-2711 129 35 he he PRON issue-2711 129 36 also also ADV issue-2711 129 37 promised promise VERB issue-2711 129 38 to to PART issue-2711 129 39 simply simply ADV issue-2711 129 40 keep keep VERB issue-2711 129 41 the the DET issue-2711 129 42 us us PROPN issue-2711 129 43 government government NOUN issue-2711 129 44 's 's PART issue-2711 129 45 current current ADJ issue-2711 129 46 bitcoin bitcoin NOUN issue-2711 129 47 holdings holding NOUN issue-2711 129 48 . . PUNCT issue-2711 130 1 in in ADP issue-2711 130 2 addition addition NOUN issue-2711 130 3 , , PUNCT issue-2711 130 4 senator senator PROPN issue-2711 130 5 cynthia cynthia PROPN issue-2711 130 6 lummis lummis PROPN issue-2711 130 7 ( ( PUNCT issue-2711 130 8 a a DET issue-2711 130 9 republican republican PROPN issue-2711 130 10 from from ADP issue-2711 130 11 wyoming wyoming PROPN issue-2711 130 12 ) ) PUNCT issue-2711 130 13 presented present VERB issue-2711 130 14 a a DET issue-2711 130 15 legislative legislative ADJ issue-2711 130 16 draft draft NOUN issue-2711 130 17 proposal proposal NOUN issue-2711 130 18 in in ADP issue-2711 130 19 the the DET issue-2711 130 20 aftermath aftermath NOUN issue-2711 130 21 of of ADP issue-2711 130 22 trump trump NOUN issue-2711 130 23 's 's PART issue-2711 130 24 speech speech NOUN issue-2711 130 25 , , PUNCT issue-2711 130 26 proposing propose VERB issue-2711 130 27 the the DET issue-2711 130 28 establishment establishment NOUN issue-2711 130 29 of of ADP issue-2711 130 30 an an DET issue-2711 130 31 official official ADJ issue-2711 130 32 u.s u.s PROPN issue-2711 130 33 . . PROPN issue-2711 130 34 federal federal PROPN issue-2711 130 35 reserve reserve PROPN issue-2711 130 36 comprising comprise VERB issue-2711 130 37 1 1 NUM issue-2711 130 38 million million NUM issue-2711 130 39 bitcoins bitcoin NOUN issue-2711 130 40 over over ADP issue-2711 130 41 a a DET issue-2711 130 42 five five NUM issue-2711 130 43 - - PUNCT issue-2711 130 44 year year NOUN issue-2711 130 45 period period NOUN issue-2711 130 46 . . PUNCT issue-2711 131 1 the the DET issue-2711 131 2 proposal proposal NOUN issue-2711 131 3 suggests suggest VERB issue-2711 131 4 that that SCONJ issue-2711 131 5 the the DET issue-2711 131 6 primary primary ADJ issue-2711 131 7 cryptocurrency cryptocurrency NOUN issue-2711 131 8 be be AUX issue-2711 131 9 retained retain VERB issue-2711 131 10 for for ADP issue-2711 131 11 a a DET issue-2711 131 12 minimum minimum NOUN issue-2711 131 13 of of ADP issue-2711 131 14 20 20 NUM issue-2711 131 15 years year NOUN issue-2711 131 16 and and CCONJ issue-2711 131 17 utilised utilise VERB issue-2711 131 18 for for ADP issue-2711 131 19 the the DET issue-2711 131 20 purpose purpose NOUN issue-2711 131 21 of of ADP issue-2711 131 22 debt debt NOUN issue-2711 131 23 repayment repayment NOUN issue-2711 131 24 by by ADP issue-2711 131 25 the the DET issue-2711 131 26 u.s u.s PROPN issue-2711 131 27 . . PROPN issue-2711 131 28 ( ( PUNCT issue-2711 131 29 coindesk coindesk NOUN issue-2711 131 30 , , PUNCT issue-2711 131 31 2024 2024 NUM issue-2711 131 32 ) ) PUNCT issue-2711 131 33 . . PUNCT issue-2711 132 1 at at ADP issue-2711 132 2 prevailing prevail VERB issue-2711 132 3 prices price NOUN issue-2711 132 4 , , PUNCT issue-2711 132 5 a a DET issue-2711 132 6 total total NOUN issue-2711 132 7 of of ADP issue-2711 132 8 1 1 NUM issue-2711 132 9 million million NUM issue-2711 132 10 bitcoins bitcoin NOUN issue-2711 132 11 , , PUNCT issue-2711 132 12 under under ADP issue-2711 132 13 specific specific ADJ issue-2711 132 14 conditions condition NOUN issue-2711 132 15 , , PUNCT issue-2711 132 16 have have VERB issue-2711 132 17 the the DET issue-2711 132 18 potential potential NOUN issue-2711 132 19 to to PART issue-2711 132 20 attain attain VERB issue-2711 132 21 a a DET issue-2711 132 22 valuation valuation NOUN issue-2711 132 23 of of ADP issue-2711 132 24 tens ten NOUN issue-2711 132 25 to to PART issue-2711 132 26 hundreds hundred NOUN issue-2711 132 27 of of ADP issue-2711 132 28 billions billion NOUN issue-2711 132 29 of of ADP issue-2711 132 30 dollars dollar NOUN issue-2711 132 31 . . PUNCT issue-2711 133 1 this this PRON issue-2711 133 2 would would AUX issue-2711 133 3 be be AUX issue-2711 133 4 a a DET issue-2711 133 5 considerable considerable ADJ issue-2711 133 6 sum sum NOUN issue-2711 133 7 , , PUNCT issue-2711 133 8 even even ADV issue-2711 133 9 when when SCONJ issue-2711 133 10 considering consider VERB issue-2711 133 11 the the DET issue-2711 133 12 volatility volatility NOUN issue-2711 133 13 of of ADP issue-2711 133 14 bitcoin bitcoin NOUN issue-2711 133 15 . . PUNCT issue-2711 134 1 this this PRON issue-2711 134 2 suggests suggest VERB issue-2711 134 3 that that SCONJ issue-2711 134 4 u.s u.s PROPN issue-2711 134 5 . . PROPN issue-2711 134 6 leaders leader NOUN issue-2711 134 7 possess possess VERB issue-2711 134 8 a a DET issue-2711 134 9 comprehension comprehension NOUN issue-2711 134 10 of of ADP issue-2711 134 11 the the DET issue-2711 134 12 utilisation utilisation NOUN issue-2711 134 13 of of ADP issue-2711 134 14 private private ADJ issue-2711 134 15 currencies currency NOUN issue-2711 134 16 and and CCONJ issue-2711 134 17 the the DET issue-2711 134 18 capacity capacity NOUN issue-2711 134 19 to to PART issue-2711 134 20 exercise exercise VERB issue-2711 134 21 control control NOUN issue-2711 134 22 and and CCONJ issue-2711 134 23 regulate regulate VERB issue-2711 134 24 them they PRON issue-2711 134 25 . . PUNCT issue-2711 135 1 in in ADP issue-2711 135 2 europe europe PROPN issue-2711 135 3 , , PUNCT issue-2711 135 4 the the DET issue-2711 135 5 president president NOUN issue-2711 135 6 of of ADP issue-2711 135 7 the the DET issue-2711 135 8 ecb ecb PROPN issue-2711 135 9 , , PUNCT issue-2711 135 10 christine christine PROPN issue-2711 135 11 lagarde lagarde PROPN issue-2711 135 12 , , PUNCT issue-2711 135 13 also also ADV issue-2711 135 14 refers refer VERB issue-2711 135 15 to to ADP issue-2711 135 16 the the DET issue-2711 135 17 possibility possibility NOUN issue-2711 135 18 of of ADP issue-2711 135 19 controlling control VERB issue-2711 135 20 the the DET issue-2711 135 21 stability stability NOUN issue-2711 135 22 of of ADP issue-2711 135 23 the the DET issue-2711 135 24 existence existence NOUN issue-2711 135 25 of of ADP issue-2711 135 26 parallel parallel ADJ issue-2711 135 27 private private ADJ issue-2711 135 28 and and CCONJ issue-2711 135 29 public public ADJ issue-2711 135 30 currencies currency NOUN issue-2711 135 31 . . PUNCT issue-2711 136 1 she she PRON issue-2711 136 2 refers refer VERB issue-2711 136 3 in in ADP issue-2711 136 4 particular particular ADJ issue-2711 136 5 to to ADP issue-2711 136 6 the the DET issue-2711 136 7 european european PROPN issue-2711 136 8 development development PROPN issue-2711 136 9 of of ADP issue-2711 136 10 mica mica PROPN issue-2711 136 11 . . PUNCT issue-2711 137 1 the the DET issue-2711 137 2 150 150 NUM issue-2711 137 3 - - PUNCT issue-2711 137 4 page page NOUN issue-2711 137 5 mica mica NOUN issue-2711 137 6 framework framework NOUN issue-2711 137 7 is be AUX issue-2711 137 8 rooted root VERB issue-2711 137 9 in in ADP issue-2711 137 10 existing exist VERB issue-2711 137 11 eu eu PROPN issue-2711 137 12 securities security NOUN issue-2711 137 13 trading trading NOUN issue-2711 137 14 regulations regulation NOUN issue-2711 137 15 ; ; PUNCT issue-2711 137 16 however however ADV issue-2711 137 17 , , PUNCT issue-2711 137 18 the the DET issue-2711 137 19 compliance compliance NOUN issue-2711 137 20 burden burden NOUN issue-2711 137 21 may may AUX issue-2711 137 22 prove prove VERB issue-2711 137 23 challenging challenge VERB issue-2711 137 24 for for ADP issue-2711 137 25 companies company NOUN issue-2711 137 26 with with ADP issue-2711 137 27 limited limited ADJ issue-2711 137 28 familiarity familiarity NOUN issue-2711 137 29 with with ADP issue-2711 137 30 the the DET issue-2711 137 31 relevant relevant ADJ issue-2711 137 32 regulatory regulatory ADJ issue-2711 137 33 requirements requirement NOUN issue-2711 137 34 . . PUNCT issue-2711 138 1 mica mica NOUN issue-2711 138 2 does do AUX issue-2711 138 3 not not PART issue-2711 138 4 merely merely ADV issue-2711 138 5 replicate replicate VERB issue-2711 138 6 traditional traditional ADJ issue-2711 138 7 stock stock NOUN issue-2711 138 8 and and CCONJ issue-2711 138 9 bond bond NOUN issue-2711 138 10 regulations regulation NOUN issue-2711 138 11 ; ; PUNCT issue-2711 138 12 rather rather ADV issue-2711 138 13 , , PUNCT issue-2711 138 14 it it PRON issue-2711 138 15 adapts adapt VERB issue-2711 138 16 existing exist VERB issue-2711 138 17 regulations regulation NOUN issue-2711 138 18 to to PART issue-2711 138 19 accommodate accommodate VERB issue-2711 138 20 innovative innovative ADJ issue-2711 138 21 crypto crypto NOUN issue-2711 138 22 instruments instrument NOUN issue-2711 138 23 utilised utilise VERB issue-2711 138 24 for for ADP issue-2711 138 25 payments payment NOUN issue-2711 138 26 , , PUNCT issue-2711 138 27 investments investment NOUN issue-2711 138 28 , , PUNCT issue-2711 138 29 and and CCONJ issue-2711 138 30 other other ADJ issue-2711 138 31 purposes purpose NOUN issue-2711 138 32 . . PUNCT issue-2711 139 1 for for ADP issue-2711 139 2 example example NOUN issue-2711 139 3 , , PUNCT issue-2711 139 4 unlike unlike ADP issue-2711 139 5 securities security NOUN issue-2711 139 6 prospectuses prospectus NOUN issue-2711 139 7 , , PUNCT issue-2711 139 8 crypto crypto X issue-2711 139 9 white white ADJ issue-2711 139 10 papers paper NOUN issue-2711 139 11 can can AUX issue-2711 139 12 be be AUX issue-2711 139 13 published publish VERB issue-2711 139 14 without without ADP issue-2711 139 15 prior prior ADJ issue-2711 139 16 regulatory regulatory ADJ issue-2711 139 17 approval approval NOUN issue-2711 139 18 . . PUNCT issue-2711 140 1 the the DET issue-2711 140 2 framework framework NOUN issue-2711 140 3 also also ADV issue-2711 140 4 introduces introduce VERB issue-2711 140 5 measures measure NOUN issue-2711 140 6 to to PART issue-2711 140 7 prevent prevent VERB issue-2711 140 8 market market NOUN issue-2711 140 9 abuse abuse NOUN issue-2711 140 10 and and CCONJ issue-2711 140 11 insider insider NOUN issue-2711 140 12 trading trading NOUN issue-2711 140 13 , , PUNCT issue-2711 140 14 mirroring mirror VERB issue-2711 140 15 safeguards safeguard NOUN issue-2711 140 16 in in ADP issue-2711 140 17 traditional traditional ADJ issue-2711 140 18 finance finance NOUN issue-2711 140 19 . . PUNCT issue-2711 141 1 while while SCONJ issue-2711 141 2 the the DET issue-2711 141 3 eu eu PROPN issue-2711 141 4 crypto crypto NOUN issue-2711 141 5 industry industry NOUN issue-2711 141 6 has have AUX issue-2711 141 7 generally generally ADV issue-2711 141 8 welcomed welcome VERB issue-2711 141 9 mica mica PROPN issue-2711 141 10 , , PUNCT issue-2711 141 11 the the DET issue-2711 141 12 costs cost NOUN issue-2711 141 13 of of ADP issue-2711 141 14 failing fail VERB issue-2711 141 15 to to PART issue-2711 141 16 meet meet VERB issue-2711 141 17 its its PRON issue-2711 141 18 standards standard NOUN issue-2711 141 19 are be AUX issue-2711 141 20 high high ADJ issue-2711 141 21 . . PUNCT issue-2711 142 1 noncompliant noncompliant ADJ issue-2711 142 2 companies company NOUN issue-2711 142 3 could could AUX issue-2711 142 4 face face VERB issue-2711 142 5 millions million NOUN issue-2711 142 6 of of ADP issue-2711 142 7 euros euro NOUN issue-2711 142 8 in in ADP issue-2711 142 9 fines fine NOUN issue-2711 142 10 , , PUNCT issue-2711 142 11 potentially potentially ADV issue-2711 142 12 up up ADP issue-2711 142 13 to to PART issue-2711 142 14 12.5 12.5 NUM issue-2711 142 15 % % NOUN issue-2711 142 16 of of ADP issue-2711 142 17 their their PRON issue-2711 142 18 annual annual ADJ issue-2711 142 19 turnover turnover NOUN issue-2711 142 20 ( ( PUNCT issue-2711 142 21 bis bis ADJ issue-2711 142 22 , , PUNCT issue-2711 142 23 2022 2022 NUM issue-2711 142 24 ) ) PUNCT issue-2711 142 25 . . PUNCT issue-2711 143 1 so so ADV issue-2711 143 2 in in ADP issue-2711 143 3 a a DET issue-2711 143 4 world world NOUN issue-2711 143 5 awash awash NOUN issue-2711 143 6 with with ADP issue-2711 143 7 public public ADJ issue-2711 143 8 and and CCONJ issue-2711 143 9 private private ADJ issue-2711 143 10 money money NOUN issue-2711 143 11 issued issue VERB issue-2711 143 12 to to PART issue-2711 143 13 supposedly supposedly ADV issue-2711 143 14 make make VERB issue-2711 143 15 life life NOUN issue-2711 143 16 easier easy ADJ issue-2711 143 17 for for ADP issue-2711 143 18 business business NOUN issue-2711 143 19 , , PUNCT issue-2711 143 20 there there PRON issue-2711 143 21 are be VERB issue-2711 143 22 still still ADV issue-2711 143 23 more more ADJ issue-2711 143 24 uncertainties uncertainty NOUN issue-2711 143 25 than than ADP issue-2711 143 26 guideposts guidepost NOUN issue-2711 143 27 to to ADP issue-2711 143 28 the the DET issue-2711 143 29 well well ADV issue-2711 143 30 - - PUNCT issue-2711 143 31 being being NOUN issue-2711 143 32 of of ADP issue-2711 143 33 the the DET issue-2711 143 34 global global ADJ issue-2711 143 35 economy economy NOUN issue-2711 143 36 . . PUNCT issue-2711 144 1 doubts doubt NOUN issue-2711 144 2 about about ADP issue-2711 144 3 the the DET issue-2711 144 4 state state NOUN issue-2711 144 5 's 's PART issue-2711 144 6 ability ability NOUN issue-2711 144 7 to to PART issue-2711 144 8 regulate regulate VERB issue-2711 144 9 financial financial ADJ issue-2711 144 10 markets market NOUN issue-2711 144 11 arise arise VERB issue-2711 144 12 when when SCONJ issue-2711 144 13 inflation inflation NOUN issue-2711 144 14 in in ADP issue-2711 144 15 the the DET issue-2711 144 16 tens ten NOUN issue-2711 144 17 of of ADP issue-2711 144 18 per per ADP issue-2711 144 19 cent cent NOUN issue-2711 144 20 burns burn VERB issue-2711 144 21 up up ADP issue-2711 144 22 people people NOUN issue-2711 144 23 's 's PART issue-2711 144 24 savings saving NOUN issue-2711 144 25 and and CCONJ issue-2711 144 26 attempts attempt NOUN issue-2711 144 27 to to PART issue-2711 144 28 stabilise stabilise VERB issue-2711 144 29 the the DET issue-2711 144 30 situation situation NOUN issue-2711 144 31 through through ADP issue-2711 144 32 high high ADJ issue-2711 144 33 bank bank NOUN issue-2711 144 34 interest interest NOUN issue-2711 144 35 rates rate NOUN issue-2711 144 36 make make VERB issue-2711 144 37 money money NOUN issue-2711 144 38 expensive expensive ADJ issue-2711 144 39 and and CCONJ issue-2711 144 40 strangle strangle VERB issue-2711 144 41 the the DET issue-2711 144 42 economy economy NOUN issue-2711 144 43 with with ADP issue-2711 144 44 high high ADJ issue-2711 144 45 production production NOUN issue-2711 144 46 costs cost NOUN issue-2711 144 47 ( ( PUNCT issue-2711 144 48 baltgailis baltgailis PROPN issue-2711 144 49 , , PUNCT issue-2711 144 50 simakhova simakhova PROPN issue-2711 144 51 , , PUNCT issue-2711 144 52 buka buka PROPN issue-2711 144 53 , , PUNCT issue-2711 144 54 2023 2023 NUM issue-2711 144 55 ) ) PUNCT issue-2711 144 56 . . PUNCT issue-2711 145 1 it it PRON issue-2711 145 2 is be AUX issue-2711 145 3 evident evident ADJ issue-2711 145 4 that that SCONJ issue-2711 145 5 the the DET issue-2711 145 6 managers manager NOUN issue-2711 145 7 of of ADP issue-2711 145 8 large large ADJ issue-2711 145 9 corporations corporation NOUN issue-2711 145 10 , , PUNCT issue-2711 145 11 unlike unlike ADP issue-2711 145 12 government government NOUN issue-2711 145 13 officials official NOUN issue-2711 145 14 , , PUNCT issue-2711 145 15 are be AUX issue-2711 145 16 perfectly perfectly ADV issue-2711 145 17 capable capable ADJ issue-2711 145 18 of of ADP issue-2711 145 19 controlling control VERB issue-2711 145 20 production production NOUN issue-2711 145 21 costs cost NOUN issue-2711 145 22 , , PUNCT issue-2711 145 23 competently competently ADV issue-2711 145 24 preparing prepare VERB issue-2711 145 25 current current ADJ issue-2711 145 26 and and CCONJ issue-2711 145 27 strategic strategic ADJ issue-2711 145 28 plans plan NOUN issue-2711 145 29 and and CCONJ issue-2711 145 30 , , PUNCT issue-2711 145 31 most most ADV issue-2711 145 32 importantly importantly ADV issue-2711 145 33 , , PUNCT issue-2711 145 34 implementing implement VERB issue-2711 145 35 them they PRON issue-2711 145 36 without without ADP issue-2711 145 37 political political ADJ issue-2711 145 38 red red ADJ issue-2711 145 39 tape tape NOUN issue-2711 145 40 , , PUNCT issue-2711 145 41 otherwise otherwise ADV issue-2711 145 42 they they PRON issue-2711 145 43 would would AUX issue-2711 145 44 not not PART issue-2711 145 45 have have AUX issue-2711 145 46 become become VERB issue-2711 145 47 global global ADJ issue-2711 145 48 giants giant NOUN issue-2711 145 49 with with ADP issue-2711 145 50 a a DET issue-2711 145 51 strong strong ADJ issue-2711 145 52 financial financial ADJ issue-2711 145 53 base base NOUN issue-2711 145 54 . . PUNCT issue-2711 146 1 in in ADP issue-2711 146 2 this this DET issue-2711 146 3 respect respect NOUN issue-2711 146 4 , , PUNCT issue-2711 146 5 the the DET issue-2711 146 6 ideas idea NOUN issue-2711 146 7 of of ADP issue-2711 146 8 klaus klaus PROPN issue-2711 146 9 schwab schwab PROPN issue-2711 146 10 , , PUNCT issue-2711 146 11 president president NOUN issue-2711 146 12 of of ADP issue-2711 146 13 the the DET issue-2711 146 14 world world NOUN issue-2711 146 15 economic economic PROPN issue-2711 146 16 forum forum PROPN issue-2711 146 17 ( ( PUNCT issue-2711 146 18 wef wef PROPN issue-2711 146 19 ) ) PUNCT issue-2711 146 20 , , PUNCT issue-2711 146 21 that that SCONJ issue-2711 146 22 the the DET issue-2711 146 23 state state NOUN issue-2711 146 24 is be AUX issue-2711 146 25 incapable incapable ADJ issue-2711 146 26 of of ADP issue-2711 146 27 sustainable sustainable ADJ issue-2711 146 28 development development NOUN issue-2711 146 29 and and CCONJ issue-2711 146 30 can can AUX issue-2711 146 31 be be AUX issue-2711 146 32 led lead VERB issue-2711 146 33 by by ADP issue-2711 146 34 companies company NOUN issue-2711 146 35 that that PRON issue-2711 146 36 have have AUX issue-2711 146 37 opted opt VERB issue-2711 146 38 for for ADP issue-2711 146 39 environmental environmental ADJ issue-2711 146 40 , , PUNCT issue-2711 146 41 social social ADJ issue-2711 146 42 and and CCONJ issue-2711 146 43 governance governance NOUN issue-2711 146 44 ( ( PUNCT issue-2711 146 45 esg esg NOUN issue-2711 146 46 ) ) PUNCT issue-2711 146 47 considerations consideration NOUN issue-2711 146 48 , , PUNCT issue-2711 146 49 which which PRON issue-2711 146 50 are be AUX issue-2711 146 51 becoming become VERB issue-2711 146 52 increasingly increasingly ADV issue-2711 146 53 relevant relevant ADJ issue-2711 146 54 for for ADP issue-2711 146 55 sustainable sustainable ADJ issue-2711 146 56 value value NOUN issue-2711 146 57 creation creation NOUN issue-2711 146 58 ( ( PUNCT issue-2711 146 59 schwab schwab PROPN issue-2711 146 60 , , PUNCT issue-2711 146 61 mallerett mallerett NOUN issue-2711 146 62 , , PUNCT issue-2711 146 63 2020 2020 NUM issue-2711 146 64 ) ) PUNCT issue-2711 146 65 . . PUNCT issue-2711 147 1 it it PRON issue-2711 147 2 is be AUX issue-2711 147 3 an an DET issue-2711 147 4 inevitable inevitable ADJ issue-2711 147 5 question question NOUN issue-2711 147 6 for for SCONJ issue-2711 147 7 any any DET issue-2711 147 8 researcher researcher NOUN issue-2711 147 9 to to PART issue-2711 147 10 consider consider VERB issue-2711 147 11 : : PUNCT issue-2711 147 12 how how SCONJ issue-2711 147 13 will will AUX issue-2711 147 14 the the DET issue-2711 147 15 concurrent concurrent ADJ issue-2711 147 16 circulation circulation NOUN issue-2711 147 17 of of ADP issue-2711 147 18 fiat fiat ADJ issue-2711 147 19 money money NOUN issue-2711 147 20 and and CCONJ issue-2711 147 21 a a DET issue-2711 147 22 multitude multitude NOUN issue-2711 147 23 of of ADP issue-2711 147 24 private private ADJ issue-2711 147 25 currencies currency NOUN issue-2711 147 26 , , PUNCT issue-2711 147 27 including include VERB issue-2711 147 28 bitcoins bitcoin NOUN issue-2711 147 29 , , PUNCT issue-2711 147 30 stablecoins stablecoin NOUN issue-2711 147 31 and and CCONJ issue-2711 147 32 nascent nascent ADJ issue-2711 147 33 digital digital ADJ issue-2711 147 34 state state NOUN issue-2711 147 35 currencies currency NOUN issue-2711 147 36 ( ( PUNCT issue-2711 147 37 cbdc cbdc NOUN issue-2711 147 38 ) ) PUNCT issue-2711 147 39 , , PUNCT issue-2711 147 40 be be AUX issue-2711 147 41 regulated regulate VERB issue-2711 147 42 , , PUNCT issue-2711 147 43 and and CCONJ issue-2711 147 44 what what DET issue-2711 147 45 role role NOUN issue-2711 147 46 will will AUX issue-2711 147 47 global global VERB issue-2711 147 48 big big ADJ issue-2711 147 49 data datum NOUN issue-2711 147 50 platforms platform NOUN issue-2711 147 51 play play VERB issue-2711 147 52 in in ADP issue-2711 147 53 this this DET issue-2711 147 54 regard regard NOUN issue-2711 147 55 ? ? PUNCT issue-2711 148 1 it it PRON issue-2711 148 2 is be AUX issue-2711 148 3 also also ADV issue-2711 148 4 imperative imperative ADJ issue-2711 148 5 to to PART issue-2711 148 6 consider consider VERB issue-2711 148 7 derivatives derivative NOUN issue-2711 148 8 , , PUNCT issue-2711 148 9 secondary secondary ADJ issue-2711 148 10 fiat fiat NOUN issue-2711 148 11 and and CCONJ issue-2711 148 12 digital digital ADJ issue-2711 148 13 currencies currency NOUN issue-2711 148 14 , , PUNCT issue-2711 148 15 which which PRON issue-2711 148 16 have have VERB issue-2711 148 17 the the DET issue-2711 148 18 potential potential NOUN issue-2711 148 19 to to PART issue-2711 148 20 function function VERB issue-2711 148 21 as as ADP issue-2711 148 22 a a DET issue-2711 148 23 medium medium NOUN issue-2711 148 24 of of ADP issue-2711 148 25 circulation circulation NOUN issue-2711 148 26 and and CCONJ issue-2711 148 27 can can AUX issue-2711 148 28 be be AUX issue-2711 148 29 issued issue VERB issue-2711 148 30 by by ADP issue-2711 148 31 a a DET issue-2711 148 32 wide wide ADJ issue-2711 148 33 range range NOUN issue-2711 148 34 of of ADP issue-2711 148 35 private private ADJ issue-2711 148 36 entities entity NOUN issue-2711 148 37 . . PUNCT issue-2711 149 1 these these PRON issue-2711 149 2 have have AUX issue-2711 149 3 been be AUX issue-2711 149 4 a a DET issue-2711 149 5 contributing contribute VERB issue-2711 149 6 factor factor NOUN issue-2711 149 7 to to ADP issue-2711 149 8 the the DET issue-2711 149 9 global global ADJ issue-2711 149 10 financial financial ADJ issue-2711 149 11 crisis crisis NOUN issue-2711 149 12 of of ADP issue-2711 149 13 2008 2008 NUM issue-2711 149 14 . . PUNCT issue-2711 150 1 how how SCONJ issue-2711 150 2 to to PART issue-2711 150 3 make make VERB issue-2711 150 4 sense sense NOUN issue-2711 150 5 of of ADP issue-2711 150 6 all all DET issue-2711 150 7 this this DET issue-2711 150 8 money money NOUN issue-2711 150 9 and and CCONJ issue-2711 150 10 how how SCONJ issue-2711 150 11 to to PART issue-2711 150 12 guarantee guarantee VERB issue-2711 150 13 the the DET issue-2711 150 14 stability stability NOUN issue-2711 150 15 of of ADP issue-2711 150 16 this this DET issue-2711 150 17 currency currency NOUN issue-2711 150 18 ? ? PUNCT issue-2711 151 1 the the DET issue-2711 151 2 very very ADJ issue-2711 151 3 exchange exchange NOUN issue-2711 151 4 of of ADP issue-2711 151 5 fiat fiat ADJ issue-2711 151 6 money money NOUN issue-2711 151 7 for for ADP issue-2711 151 8 the the DET issue-2711 151 9 state state NOUN issue-2711 151 10 digital digital ADJ issue-2711 151 11 money money NOUN issue-2711 151 12 will will AUX issue-2711 151 13 have have VERB issue-2711 151 14 to to PART issue-2711 151 15 be be AUX issue-2711 151 16 maintained maintain VERB issue-2711 151 17 in in ADP issue-2711 151 18 the the DET issue-2711 151 19 ratio ratio NOUN issue-2711 151 20 1:1 1:1 NUM issue-2711 151 21 , , PUNCT issue-2711 151 22 otherwise otherwise ADV issue-2711 151 23 the the DET issue-2711 151 24 population population NOUN issue-2711 151 25 and and CCONJ issue-2711 151 26 the the DET issue-2711 151 27 economy economy NOUN issue-2711 151 28 can can AUX issue-2711 151 29 collapse collapse VERB issue-2711 151 30 this this DET issue-2711 151 31 ratio ratio NOUN issue-2711 151 32 , , PUNCT issue-2711 151 33 if if SCONJ issue-2711 151 34 any any DET issue-2711 151 35 advantages advantage NOUN issue-2711 151 36 will will AUX issue-2711 151 37 get get VERB issue-2711 151 38 private private ADJ issue-2711 151 39 currency currency NOUN issue-2711 151 40 , , PUNCT issue-2711 151 41 and and CCONJ issue-2711 151 42 it it PRON issue-2711 151 43 is be AUX issue-2711 151 44 not not PART issue-2711 151 45 far far ADV issue-2711 151 46 to to ADP issue-2711 151 47 the the DET issue-2711 151 48 crisis crisis NOUN issue-2711 151 49 , , PUNCT issue-2711 151 50 especially especially ADV issue-2711 151 51 if if SCONJ issue-2711 151 52 the the DET issue-2711 151 53 state state NOUN issue-2711 151 54 rushes rush VERB issue-2711 151 55 to to PART issue-2711 151 56 save save VERB issue-2711 151 57 the the DET issue-2711 151 58 situation situation NOUN issue-2711 151 59 . . PUNCT issue-2711 152 1 in in ADP issue-2711 152 2 the the DET issue-2711 152 3 meantime meantime NOUN issue-2711 152 4 , , PUNCT issue-2711 152 5 china china PROPN issue-2711 152 6 and and CCONJ issue-2711 152 7 india india PROPN issue-2711 152 8 decided decide VERB issue-2711 152 9 not not PART issue-2711 152 10 to to PART issue-2711 152 11 go go VERB issue-2711 152 12 to to ADP issue-2711 152 13 extremes extreme NOUN issue-2711 152 14 and and CCONJ issue-2711 152 15 simply simply ADV issue-2711 152 16 banned ban VERB issue-2711 152 17 private private ADJ issue-2711 152 18 cryptocurrencies cryptocurrencie NOUN issue-2711 152 19 . . PUNCT issue-2711 153 1 shoshanna shoshanna PROPN issue-2711 153 2 zuboff zuboff PROPN issue-2711 153 3 , , PUNCT issue-2711 153 4 a a DET issue-2711 153 5 prominent prominent ADJ issue-2711 153 6 expert expert NOUN issue-2711 153 7 in in ADP issue-2711 153 8 the the DET issue-2711 153 9 field field NOUN issue-2711 153 10 of of ADP issue-2711 153 11 digital digital ADJ issue-2711 153 12 platforms platform NOUN issue-2711 153 13 and and CCONJ issue-2711 153 14 a a DET issue-2711 153 15 professor professor NOUN issue-2711 153 16 at at ADP issue-2711 153 17 harvard harvard PROPN issue-2711 153 18 university university PROPN issue-2711 153 19 , , PUNCT issue-2711 153 20 has have AUX issue-2711 153 21 expressed express VERB issue-2711 153 22 a a DET issue-2711 153 23 personal personal ADJ issue-2711 153 24 conviction conviction NOUN issue-2711 153 25 regarding regard VERB issue-2711 153 26 the the DET issue-2711 153 27 contradictory contradictory ADJ issue-2711 153 28 nature nature NOUN issue-2711 153 29 of of ADP issue-2711 153 30 the the DET issue-2711 153 31 relationship relationship NOUN issue-2711 153 32 between between ADP issue-2711 153 33 society society NOUN issue-2711 153 34 and and CCONJ issue-2711 153 35 big big ADJ issue-2711 153 36 data datum NOUN issue-2711 153 37 . . PUNCT issue-2711 154 1 in in ADP issue-2711 154 2 her her PRON issue-2711 154 3 discourse discourse NOUN issue-2711 154 4 on on ADP issue-2711 154 5 the the DET issue-2711 154 6 logic logic NOUN issue-2711 154 7 of of ADP issue-2711 154 8 the the DET issue-2711 154 9 relationship relationship NOUN issue-2711 154 10 between between ADP issue-2711 154 11 society society NOUN issue-2711 154 12 and and CCONJ issue-2711 154 13 digital digital ADJ issue-2711 154 14 platforms platform NOUN issue-2711 154 15 , , PUNCT issue-2711 154 16 zuboff zuboff PROPN issue-2711 154 17 has have AUX issue-2711 154 18 drawn draw VERB issue-2711 154 19 attention attention NOUN issue-2711 154 20 to to ADP issue-2711 154 21 a a DET issue-2711 154 22 contradiction contradiction NOUN issue-2711 154 23 that that PRON issue-2711 154 24 , , PUNCT issue-2711 154 25 from from ADP issue-2711 154 26 the the DET issue-2711 154 27 outset outset NOUN issue-2711 154 28 , , PUNCT issue-2711 154 29 this this DET issue-2711 154 30 logic logic NOUN issue-2711 154 31 reflected reflect VERB issue-2711 154 32 the the DET issue-2711 154 33 social social ADJ issue-2711 154 34 relations relation NOUN issue-2711 154 35 of of ADP issue-2711 154 36 a a DET issue-2711 154 37 one one NUM issue-2711 154 38 - - PUNCT issue-2711 154 39 way way NOUN issue-2711 154 40 mirror mirror NOUN issue-2711 154 41 , , PUNCT issue-2711 154 42 rather rather ADV issue-2711 154 43 than than ADP issue-2711 154 44 defining define VERB issue-2711 154 45 the the DET issue-2711 154 46 ultimate ultimate ADJ issue-2711 154 47 goal goal NOUN issue-2711 154 48 , , PUNCT issue-2711 154 49 which which PRON issue-2711 154 50 was be AUX issue-2711 154 51 the the DET issue-2711 154 52 opposite opposite NOUN issue-2711 154 53 of of ADP issue-2711 154 54 the the DET issue-2711 154 55 declared declare VERB issue-2711 154 56 goals goal NOUN issue-2711 154 57 . . PUNCT issue-2711 155 1 " " PUNCT issue-2711 155 2 we we PRON issue-2711 155 3 rushed rush VERB issue-2711 155 4 to to ADP issue-2711 155 5 the the DET issue-2711 155 6 internet internet NOUN issue-2711 155 7 expecting expect VERB issue-2711 155 8 empowerment empowerment NOUN issue-2711 155 9 , , PUNCT issue-2711 155 10 the the DET issue-2711 155 11 democratization democratization NOUN issue-2711 155 12 of of ADP issue-2711 155 13 knowledge knowledge NOUN issue-2711 155 14 , , PUNCT issue-2711 155 15 and and CCONJ issue-2711 155 16 help help VERB issue-2711 155 17 with with ADP issue-2711 155 18 real real ADJ issue-2711 155 19 problems problem NOUN issue-2711 155 20 , , PUNCT issue-2711 155 21 but but CCONJ issue-2711 155 22 surveillance surveillance NOUN issue-2711 155 23 capitalism capitalism NOUN issue-2711 155 24 really really ADV issue-2711 155 25 was be AUX issue-2711 155 26 just just ADV issue-2711 155 27 too too ADV issue-2711 155 28 lucrative lucrative ADJ issue-2711 155 29 to to PART issue-2711 155 30 resist resist VERB issue-2711 155 31 . . PUNCT issue-2711 156 1 this this DET issue-2711 156 2 economic economic ADJ issue-2711 156 3 logic logic NOUN issue-2711 156 4 has have AUX issue-2711 156 5 now now ADV issue-2711 156 6 spread spread VERB issue-2711 156 7 beyond beyond ADP issue-2711 156 8 the the DET issue-2711 156 9 tech tech NOUN issue-2711 156 10 companies company NOUN issue-2711 156 11 to to ADP issue-2711 156 12 new new ADJ issue-2711 156 13 surveillance surveillance NOUN issue-2711 156 14 – – PUNCT issue-2711 156 15 baltic baltic ADJ issue-2711 156 16 journal journal NOUN issue-2711 156 17 of of ADP issue-2711 156 18 economic economic ADJ issue-2711 156 19 studies study NOUN issue-2711 156 20 14 14 NUM issue-2711 156 21 vol vol NOUN issue-2711 156 22 . . PROPN issue-2711 157 1 11 11 NUM issue-2711 158 1 no no NOUN issue-2711 158 2 . . NOUN issue-2711 158 3 1 1 NUM issue-2711 158 4 , , PUNCT issue-2711 158 5 2025 2025 NUM issue-2711 158 6 based base VERB issue-2711 158 7 ecosystems ecosystem NOUN issue-2711 158 8 in in ADP issue-2711 158 9 virtually virtually ADV issue-2711 158 10 every every DET issue-2711 158 11 economic economic ADJ issue-2711 158 12 sector sector NOUN issue-2711 158 13 , , PUNCT issue-2711 158 14 from from ADP issue-2711 158 15 insurance insurance NOUN issue-2711 158 16 to to ADP issue-2711 158 17 automobiles automobile NOUN issue-2711 158 18 to to ADP issue-2711 158 19 health health NOUN issue-2711 158 20 , , PUNCT issue-2711 158 21 education education NOUN issue-2711 158 22 , , PUNCT issue-2711 158 23 finance finance NOUN issue-2711 158 24 , , PUNCT issue-2711 158 25 to to ADP issue-2711 158 26 every every DET issue-2711 158 27 product product NOUN issue-2711 158 28 described describe VERB issue-2711 158 29 as as ADP issue-2711 158 30 ‘ ' PUNCT issue-2711 158 31 smart smart ADJ issue-2711 158 32 ’ ' PUNCT issue-2711 158 33 and and CCONJ issue-2711 158 34 every every DET issue-2711 158 35 service service NOUN issue-2711 158 36 described describe VERB issue-2711 158 37 as as ADP issue-2711 158 38 ‘ ' PUNCT issue-2711 158 39 personalized personalized ADJ issue-2711 158 40 . . PUNCT issue-2711 158 41 ’ ' PUNCT issue-2711 159 1 by by ADP issue-2711 159 2 now now ADV issue-2711 159 3 it it PRON issue-2711 159 4 ’s ’ VERB issue-2711 159 5 very very ADV issue-2711 159 6 difficult difficult ADJ issue-2711 159 7 to to PART issue-2711 159 8 participate participate VERB issue-2711 159 9 effectively effectively ADV issue-2711 159 10 in in ADP issue-2711 159 11 society society NOUN issue-2711 159 12 without without ADP issue-2711 159 13 interfacing interface VERB issue-2711 159 14 with with ADP issue-2711 159 15 these these DET issue-2711 159 16 same same ADJ issue-2711 159 17 channels channel NOUN issue-2711 159 18 that that PRON issue-2711 159 19 are be AUX issue-2711 159 20 supply supply NOUN issue-2711 159 21 chains chain NOUN issue-2711 159 22 for for ADP issue-2711 159 23 surveillance surveillance NOUN issue-2711 159 24 capitalism capitalism NOUN issue-2711 159 25 ’s ’s PART issue-2711 159 26 data datum NOUN issue-2711 159 27 flows flow NOUN issue-2711 159 28 . . PUNCT issue-2711 160 1 democracy democracy NOUN issue-2711 160 2 is be AUX issue-2711 160 3 also also ADV issue-2711 160 4 eroded erode VERB issue-2711 160 5 , , PUNCT issue-2711 160 6 " " PUNCT issue-2711 160 7 continues continue VERB issue-2711 160 8 zuboff zuboff NOUN issue-2711 160 9 , , PUNCT issue-2711 160 10 " " PUNCT issue-2711 160 11 from from ADP issue-2711 160 12 without without ADP issue-2711 160 13 , , PUNCT issue-2711 160 14 as as SCONJ issue-2711 160 15 surveillance surveillance NOUN issue-2711 160 16 capitalism capitalism NOUN issue-2711 160 17 represents represent VERB issue-2711 160 18 an an DET issue-2711 160 19 unprecedented unprecedented ADJ issue-2711 160 20 concentration concentration NOUN issue-2711 160 21 of of ADP issue-2711 160 22 knowledge knowledge NOUN issue-2711 160 23 and and CCONJ issue-2711 160 24 the the DET issue-2711 160 25 power power NOUN issue-2711 160 26 that that PRON issue-2711 160 27 accrues accrue VERB issue-2711 160 28 to to ADP issue-2711 160 29 such such ADJ issue-2711 160 30 knowledge knowledge NOUN issue-2711 160 31 . . PUNCT issue-2711 161 1 they they PRON issue-2711 161 2 know know VERB issue-2711 161 3 everything everything PRON issue-2711 161 4 about about ADP issue-2711 161 5 us we PRON issue-2711 161 6 , , PUNCT issue-2711 161 7 but but CCONJ issue-2711 161 8 we we PRON issue-2711 161 9 know know VERB issue-2711 161 10 little little ADJ issue-2711 161 11 about about ADP issue-2711 161 12 them they PRON issue-2711 161 13 . . PUNCT issue-2711 162 1 they they PRON issue-2711 162 2 predict predict VERB issue-2711 162 3 the the DET issue-2711 162 4 future future NOUN issue-2711 162 5 , , PUNCT issue-2711 162 6 but but CCONJ issue-2711 162 7 for for ADP issue-2711 162 8 someone someone PRON issue-2711 162 9 else else ADV issue-2711 162 10 's 's PART issue-2711 162 11 benefit benefit NOUN issue-2711 162 12 . . PUNCT issue-2711 163 1 their their PRON issue-2711 163 2 knowledge knowledge NOUN issue-2711 163 3 extends extend VERB issue-2711 163 4 far far ADV issue-2711 163 5 beyond beyond ADP issue-2711 163 6 the the DET issue-2711 163 7 compilation compilation NOUN issue-2711 163 8 of of ADP issue-2711 163 9 the the DET issue-2711 163 10 information information NOUN issue-2711 163 11 we we PRON issue-2711 163 12 gave give VERB issue-2711 163 13 them they PRON issue-2711 163 14 . . PUNCT issue-2711 164 1 it it PRON issue-2711 164 2 ’s ’ VERB issue-2711 164 3 the the DET issue-2711 164 4 knowledge knowledge NOUN issue-2711 164 5 that that PRON issue-2711 164 6 they they PRON issue-2711 164 7 have have AUX issue-2711 164 8 produced produce VERB issue-2711 164 9 from from ADP issue-2711 164 10 that that DET issue-2711 164 11 information information NOUN issue-2711 164 12 that that PRON issue-2711 164 13 constitutes constitute VERB issue-2711 164 14 their their PRON issue-2711 164 15 competitive competitive ADJ issue-2711 164 16 advantage advantage NOUN issue-2711 164 17 , , PUNCT issue-2711 164 18 and and CCONJ issue-2711 164 19 they they PRON issue-2711 164 20 will will AUX issue-2711 164 21 never never ADV issue-2711 164 22 give give VERB issue-2711 164 23 that that PRON issue-2711 164 24 up up ADP issue-2711 164 25 . . PUNCT issue-2711 165 1 these these DET issue-2711 165 2 knowledge knowledge NOUN issue-2711 165 3 asymmetries asymmetry NOUN issue-2711 165 4 introduce introduce VERB issue-2711 165 5 wholly wholly ADV issue-2711 165 6 new new ADJ issue-2711 165 7 axes axis NOUN issue-2711 165 8 of of ADP issue-2711 165 9 social social ADJ issue-2711 165 10 inequality inequality NOUN issue-2711 165 11 and and CCONJ issue-2711 165 12 injustice injustice NOUN issue-2711 165 13 . . PUNCT issue-2711 165 14 " " PUNCT issue-2711 166 1 ( ( PUNCT issue-2711 166 2 zuboff zuboff NOUN issue-2711 166 3 sh sh PROPN issue-2711 166 4 . . PROPN issue-2711 166 5 2019 2019 NUM issue-2711 166 6 ) ) PUNCT issue-2711 166 7 in in ADP issue-2711 166 8 her her PRON issue-2711 166 9 view view NOUN issue-2711 166 10 , , PUNCT issue-2711 166 11 the the DET issue-2711 166 12 ability ability NOUN issue-2711 166 13 to to PART issue-2711 166 14 align align VERB issue-2711 166 15 supply supply NOUN issue-2711 166 16 and and CCONJ issue-2711 166 17 demand demand NOUN issue-2711 166 18 with with ADP issue-2711 166 19 people people NOUN issue-2711 166 20 's 's PART issue-2711 166 21 needs need NOUN issue-2711 166 22 was be AUX issue-2711 166 23 replaced replace VERB issue-2711 166 24 by by ADP issue-2711 166 25 a a DET issue-2711 166 26 new new ADJ issue-2711 166 27 economic economic ADJ issue-2711 166 28 logic logic NOUN issue-2711 166 29 that that PRON issue-2711 166 30 offered offer VERB issue-2711 166 31 a a DET issue-2711 166 32 quick quick ADJ issue-2711 166 33 path path NOUN issue-2711 166 34 to to ADP issue-2711 166 35 monetisation monetisation NOUN issue-2711 166 36 and and CCONJ issue-2711 166 37 , , PUNCT issue-2711 166 38 consequently consequently ADV issue-2711 166 39 , , PUNCT issue-2711 166 40 competitive competitive ADJ issue-2711 166 41 advantage advantage NOUN issue-2711 166 42 for for ADP issue-2711 166 43 platforms platform NOUN issue-2711 166 44 . . PUNCT issue-2711 167 1 this this DET issue-2711 167 2 path path NOUN issue-2711 167 3 to to ADP issue-2711 167 4 monetization monetization NOUN issue-2711 167 5 is be AUX issue-2711 167 6 particularly particularly ADV issue-2711 167 7 evident evident ADJ issue-2711 167 8 in in ADP issue-2711 167 9 the the DET issue-2711 167 10 example example NOUN issue-2711 167 11 of of ADP issue-2711 167 12 asset asset NOUN issue-2711 167 13 tokenization tokenization NOUN issue-2711 167 14 . . PUNCT issue-2711 168 1 in in ADP issue-2711 168 2 essence essence NOUN issue-2711 168 3 , , PUNCT issue-2711 168 4 from from ADP issue-2711 168 5 existing exist VERB issue-2711 168 6 financial financial ADJ issue-2711 168 7 fiat fiat NOUN issue-2711 168 8 and and CCONJ issue-2711 168 9 digital digital ADJ issue-2711 168 10 assets asset NOUN issue-2711 168 11 , , PUNCT issue-2711 168 12 real real ADJ issue-2711 168 13 services service NOUN issue-2711 168 14 and and CCONJ issue-2711 168 15 tangible tangible ADJ issue-2711 168 16 production production NOUN issue-2711 168 17 create create VERB issue-2711 168 18 monetary monetary ADJ issue-2711 168 19 assets asset NOUN issue-2711 168 20 , , PUNCT issue-2711 168 21 that that ADV issue-2711 168 22 is is ADV issue-2711 168 23 , , PUNCT issue-2711 168 24 the the DET issue-2711 168 25 essence essence NOUN issue-2711 168 26 of of ADP issue-2711 168 27 these these DET issue-2711 168 28 assets asset NOUN issue-2711 168 29 themselves themselves PRON issue-2711 168 30 is be AUX issue-2711 168 31 removed remove VERB issue-2711 168 32 and and CCONJ issue-2711 168 33 transformed transform VERB issue-2711 168 34 into into ADP issue-2711 168 35 a a DET issue-2711 168 36 new new ADJ issue-2711 168 37 monetary monetary ADJ issue-2711 168 38 quality quality NOUN issue-2711 168 39 , , PUNCT issue-2711 168 40 endowing endow VERB issue-2711 168 41 them they PRON issue-2711 168 42 with with ADP issue-2711 168 43 the the DET issue-2711 168 44 ability ability NOUN issue-2711 168 45 to to PART issue-2711 168 46 be be AUX issue-2711 168 47 actively actively ADV issue-2711 168 48 traded trade VERB issue-2711 168 49 on on ADP issue-2711 168 50 digital digital ADJ issue-2711 168 51 platforms platform NOUN issue-2711 168 52 without without ADP issue-2711 168 53 intermediaries intermediary NOUN issue-2711 168 54 and and CCONJ issue-2711 168 55 where where SCONJ issue-2711 168 56 big big ADJ issue-2711 168 57 data datum NOUN issue-2711 168 58 will will AUX issue-2711 168 59 play play VERB issue-2711 168 60 the the DET issue-2711 168 61 main main ADJ issue-2711 168 62 role role NOUN issue-2711 168 63 and and CCONJ issue-2711 168 64 benefit benefit NOUN issue-2711 168 65 . . PUNCT issue-2711 169 1 mckinsey mckinsey NOUN issue-2711 169 2 estimates estimate VERB issue-2711 169 3 that that SCONJ issue-2711 169 4 tokenised tokenise VERB issue-2711 169 5 market market NOUN issue-2711 169 6 capitalisation capitalisation NOUN issue-2711 169 7 by by ADP issue-2711 169 8 asset asset NOUN issue-2711 169 9 class class NOUN issue-2711 169 10 could could AUX issue-2711 169 11 reach reach VERB issue-2711 169 12 around around ADV issue-2711 169 13 2 2 NUM issue-2711 169 14 trillion trillion NUM issue-2711 169 15 usd usd NOUN issue-2711 169 16 by by ADP issue-2711 169 17 2030 2030 NUM issue-2711 169 18 ( ( PUNCT issue-2711 169 19 excluding exclude VERB issue-2711 169 20 cryptocurrencies cryptocurrencie NOUN issue-2711 169 21 and and CCONJ issue-2711 169 22 stablecoins stablecoin NOUN issue-2711 169 23 ) ) PUNCT issue-2711 169 24 . . PUNCT issue-2711 170 1 the the DET issue-2711 170 2 pessimistic pessimistic ADJ issue-2711 170 3 and and CCONJ issue-2711 170 4 optimistic optimistic ADJ issue-2711 170 5 scenarios scenario NOUN issue-2711 170 6 range range VERB issue-2711 170 7 from from ADP issue-2711 170 8 around around ADP issue-2711 170 9 1 1 NUM issue-2711 170 10 trillion trillion NUM issue-2711 170 11 to to ADP issue-2711 170 12 around around ADP issue-2711 170 13 4 4 NUM issue-2711 170 14 trillion trillion NUM issue-2711 170 15 usd usd NOUN issue-2711 170 16 respectively respectively ADV issue-2711 170 17 . . PUNCT issue-2711 171 1 this this DET issue-2711 171 2 estimate estimate NOUN issue-2711 171 3 excludes exclude VERB issue-2711 171 4 stablecoins stablecoin NOUN issue-2711 171 5 , , PUNCT issue-2711 171 6 including include VERB issue-2711 171 7 tokenised tokenise VERB issue-2711 171 8 deposits deposit NOUN issue-2711 171 9 , , PUNCT issue-2711 171 10 wholesale wholesale ADJ issue-2711 171 11 stablecoins stablecoin NOUN issue-2711 171 12 and and CCONJ issue-2711 171 13 central central ADJ issue-2711 171 14 bank bank NOUN issue-2711 171 15 digital digital ADJ issue-2711 171 16 currencies currency NOUN issue-2711 171 17 ( ( PUNCT issue-2711 171 18 cbdcs cbdc NOUN issue-2711 171 19 ) ) PUNCT issue-2711 171 20 to to PART issue-2711 171 21 avoid avoid VERB issue-2711 171 22 double double ADJ issue-2711 171 23 counting counting NOUN issue-2711 171 24 ( ( PUNCT issue-2711 171 25 mckinsey mckinsey NOUN issue-2711 171 26 , , PUNCT issue-2711 171 27 2024 2024 NUM issue-2711 171 28 ) ) PUNCT issue-2711 171 29 . . PUNCT issue-2711 172 1 asset asset NOUN issue-2711 172 2 management management NOUN issue-2711 172 3 giant giant NOUN issue-2711 172 4 blackrock blackrock NOUN issue-2711 172 5 has have VERB issue-2711 172 6 even even ADV issue-2711 172 7 bigger big ADJ issue-2711 172 8 tokenisation tokenisation NOUN issue-2711 172 9 challenges challenge NOUN issue-2711 172 10 . . PUNCT issue-2711 173 1 tokenisation tokenisation NOUN issue-2711 173 2 remains remain VERB issue-2711 173 3 a a DET issue-2711 173 4 central central ADJ issue-2711 173 5 pillar pillar NOUN issue-2711 173 6 of of ADP issue-2711 173 7 blackrock blackrock NOUN issue-2711 173 8 's 's PART issue-2711 173 9 digital digital ADJ issue-2711 173 10 asset asset NOUN issue-2711 173 11 strategy strategy NOUN issue-2711 173 12 . . PUNCT issue-2711 174 1 by by ADP issue-2711 174 2 tokenising tokenise VERB issue-2711 174 3 its its PRON issue-2711 174 4 funds fund NOUN issue-2711 174 5 , , PUNCT issue-2711 174 6 blackrock blackrock NOUN issue-2711 174 7 aims aim VERB issue-2711 174 8 to to PART issue-2711 174 9 deliver deliver VERB issue-2711 174 10 significant significant ADJ issue-2711 174 11 benefits benefit NOUN issue-2711 174 12 to to ADP issue-2711 174 13 investors investor NOUN issue-2711 174 14 , , PUNCT issue-2711 174 15 including include VERB issue-2711 174 16 the the DET issue-2711 174 17 ability ability NOUN issue-2711 174 18 to to PART issue-2711 174 19 issue issue VERB issue-2711 174 20 and and CCONJ issue-2711 174 21 trade trade NOUN issue-2711 174 22 assets asset NOUN issue-2711 174 23 on on ADP issue-2711 174 24 the the DET issue-2711 174 25 blockchain blockchain NOUN issue-2711 174 26 , , PUNCT issue-2711 174 27 improve improve VERB issue-2711 174 28 access access NOUN issue-2711 174 29 to to ADP issue-2711 174 30 on on ADP issue-2711 174 31 - - PUNCT issue-2711 174 32 chain chain NOUN issue-2711 174 33 offerings offering NOUN issue-2711 174 34 , , PUNCT issue-2711 174 35 enable enable VERB issue-2711 174 36 instant instant ADJ issue-2711 174 37 and and CCONJ issue-2711 174 38 transparent transparent ADJ issue-2711 174 39 settlements settlement NOUN issue-2711 174 40 , , PUNCT issue-2711 174 41 and and CCONJ issue-2711 174 42 facilitate facilitate VERB issue-2711 174 43 seamless seamless ADJ issue-2711 174 44 transfers transfer NOUN issue-2711 174 45 between between ADP issue-2711 174 46 platforms platform NOUN issue-2711 174 47 . . PUNCT issue-2711 175 1 the the DET issue-2711 175 2 company company NOUN issue-2711 175 3 has have AUX issue-2711 175 4 set set VERB issue-2711 175 5 an an DET issue-2711 175 6 ambitious ambitious ADJ issue-2711 175 7 goal goal NOUN issue-2711 175 8 of of ADP issue-2711 175 9 tokenising tokenise VERB issue-2711 175 10 10 10 NUM issue-2711 175 11 trillion trillion NUM issue-2711 175 12 usd usd NOUN issue-2711 175 13 of of ADP issue-2711 175 14 assets asset NOUN issue-2711 175 15 in in ADP issue-2711 175 16 partnership partnership NOUN issue-2711 175 17 . . PUNCT issue-2711 176 1 tokenisation tokenisation NOUN issue-2711 176 2 of of ADP issue-2711 176 3 real real ADJ issue-2711 176 4 - - PUNCT issue-2711 176 5 world world NOUN issue-2711 176 6 assets asset NOUN issue-2711 176 7 ( ( PUNCT issue-2711 176 8 rwa rwa PROPN issue-2711 176 9 ) ) PUNCT issue-2711 176 10 is be AUX issue-2711 176 11 defined define VERB issue-2711 176 12 as as ADP issue-2711 176 13 the the DET issue-2711 176 14 process process NOUN issue-2711 176 15 of of ADP issue-2711 176 16 converting convert VERB issue-2711 176 17 rights right NOUN issue-2711 176 18 to to ADP issue-2711 176 19 various various ADJ issue-2711 176 20 assets asset NOUN issue-2711 176 21 , , PUNCT issue-2711 176 22 ranging range VERB issue-2711 176 23 from from ADP issue-2711 176 24 bonds bond NOUN issue-2711 176 25 and and CCONJ issue-2711 176 26 stocks stock NOUN issue-2711 176 27 to to ADP issue-2711 176 28 real real ADJ issue-2711 176 29 estate estate NOUN issue-2711 176 30 and and CCONJ issue-2711 176 31 cultural cultural ADJ issue-2711 176 32 properties property NOUN issue-2711 176 33 , , PUNCT issue-2711 176 34 into into ADP issue-2711 176 35 blockchain blockchain PROPN issue-2711 176 36 - - PUNCT issue-2711 176 37 based base VERB issue-2711 176 38 digital digital ADJ issue-2711 176 39 tokens token NOUN issue-2711 176 40 . . PUNCT issue-2711 177 1 this this DET issue-2711 177 2 innovation innovation NOUN issue-2711 177 3 promises promise VERB issue-2711 177 4 to to PART issue-2711 177 5 enhance enhance VERB issue-2711 177 6 liquidity liquidity NOUN issue-2711 177 7 , , PUNCT issue-2711 177 8 transparency transparency NOUN issue-2711 177 9 , , PUNCT issue-2711 177 10 and and CCONJ issue-2711 177 11 accessibility accessibility NOUN issue-2711 177 12 , , PUNCT issue-2711 177 13 thereby thereby ADV issue-2711 177 14 democratising democratise VERB issue-2711 177 15 asset asset NOUN issue-2711 177 16 ownership ownership NOUN issue-2711 177 17 by by ADP issue-2711 177 18 leveraging leverage VERB issue-2711 177 19 modern modern ADJ issue-2711 177 20 technologies technology NOUN issue-2711 177 21 ( ( PUNCT issue-2711 177 22 forbes forbes PROPN issue-2711 177 23 , , PUNCT issue-2711 177 24 2024 2024 NUM issue-2711 177 25 ) ) PUNCT issue-2711 177 26 . . PUNCT issue-2711 178 1 blockchain blockchain PROPN issue-2711 178 2 technology technology PROPN issue-2711 178 3 plays play VERB issue-2711 178 4 a a DET issue-2711 178 5 central central ADJ issue-2711 178 6 role role NOUN issue-2711 178 7 in in ADP issue-2711 178 8 these these DET issue-2711 178 9 digital digital ADJ issue-2711 178 10 transformations transformation NOUN issue-2711 178 11 , , PUNCT issue-2711 178 12 acting act VERB issue-2711 178 13 as as ADP issue-2711 178 14 a a DET issue-2711 178 15 secure secure ADJ issue-2711 178 16 and and CCONJ issue-2711 178 17 immutable immutable ADJ issue-2711 178 18 ledger ledger NOUN issue-2711 178 19 . . PUNCT issue-2711 179 1 it it PRON issue-2711 179 2 ensures ensure VERB issue-2711 179 3 that that SCONJ issue-2711 179 4 data datum NOUN issue-2711 179 5 is be AUX issue-2711 179 6 stored store VERB issue-2711 179 7 and and CCONJ issue-2711 179 8 recorded record VERB issue-2711 179 9 without without ADP issue-2711 179 10 the the DET issue-2711 179 11 possibility possibility NOUN issue-2711 179 12 of of ADP issue-2711 179 13 unauthorised unauthorised ADJ issue-2711 179 14 modification modification NOUN issue-2711 179 15 , , PUNCT issue-2711 179 16 copying copying NOUN issue-2711 179 17 or or CCONJ issue-2711 179 18 deletion deletion NOUN issue-2711 179 19 . . PUNCT issue-2711 180 1 as as ADP issue-2711 180 2 a a DET issue-2711 180 3 digital digital ADJ issue-2711 180 4 " " PUNCT issue-2711 180 5 book book NOUN issue-2711 180 6 of of ADP issue-2711 180 7 trust trust NOUN issue-2711 180 8 " " PUNCT issue-2711 180 9 , , PUNCT issue-2711 180 10 blockchain blockchain PROPN issue-2711 180 11 serves serve VERB issue-2711 180 12 as as ADP issue-2711 180 13 a a DET issue-2711 180 14 bridge bridge NOUN issue-2711 180 15 between between ADP issue-2711 180 16 the the DET issue-2711 180 17 physical physical ADJ issue-2711 180 18 and and CCONJ issue-2711 180 19 digital digital ADJ issue-2711 180 20 worlds world NOUN issue-2711 180 21 . . PUNCT issue-2711 181 1 distributed distribute VERB issue-2711 181 2 ledger ledger NOUN issue-2711 181 3 technologies technology NOUN issue-2711 181 4 have have VERB issue-2711 181 5 the the DET issue-2711 181 6 capacity capacity NOUN issue-2711 181 7 to to PART issue-2711 181 8 redefine redefine VERB issue-2711 181 9 the the DET issue-2711 181 10 concepts concept NOUN issue-2711 181 11 of of ADP issue-2711 181 12 trust trust NOUN issue-2711 181 13 and and CCONJ issue-2711 181 14 transparency transparency NOUN issue-2711 181 15 . . PUNCT issue-2711 182 1 they they PRON issue-2711 182 2 facilitate facilitate VERB issue-2711 182 3 the the DET issue-2711 182 4 digital digital ADJ issue-2711 182 5 recording recording NOUN issue-2711 182 6 of of ADP issue-2711 182 7 objects object NOUN issue-2711 182 8 or or CCONJ issue-2711 182 9 rights right NOUN issue-2711 182 10 from from ADP issue-2711 182 11 the the DET issue-2711 182 12 physical physical ADJ issue-2711 182 13 world world NOUN issue-2711 182 14 via via ADP issue-2711 182 15 unique unique ADJ issue-2711 182 16 identifiers identifier NOUN issue-2711 182 17 . . PUNCT issue-2711 183 1 furthermore furthermore ADV issue-2711 183 2 , , PUNCT issue-2711 183 3 tokenization tokenization NOUN issue-2711 183 4 endows endow VERB issue-2711 183 5 these these DET issue-2711 183 6 objects object NOUN issue-2711 183 7 with with ADP issue-2711 183 8 new new ADJ issue-2711 183 9 properties property NOUN issue-2711 183 10 that that PRON issue-2711 183 11 can can AUX issue-2711 183 12 be be AUX issue-2711 183 13 utilised utilise VERB issue-2711 183 14 in in ADP issue-2711 183 15 economic economic ADJ issue-2711 183 16 activities activity NOUN issue-2711 183 17 . . PUNCT issue-2711 184 1 in in ADP issue-2711 184 2 a a DET issue-2711 184 3 digital digital ADJ issue-2711 184 4 age age NOUN issue-2711 184 5 where where SCONJ issue-2711 184 6 trust trust NOUN issue-2711 184 7 is be AUX issue-2711 184 8 paramount paramount ADJ issue-2711 184 9 , , PUNCT issue-2711 184 10 several several ADJ issue-2711 184 11 elements element NOUN issue-2711 184 12 are be AUX issue-2711 184 13 critical critical ADJ issue-2711 184 14 to to ADP issue-2711 184 15 ensuring ensure VERB issue-2711 184 16 trust trust NOUN issue-2711 184 17 in in ADP issue-2711 184 18 the the DET issue-2711 184 19 digital digital ADJ issue-2711 184 20 environment environment NOUN issue-2711 184 21 : : PUNCT issue-2711 184 22 trust trust NOUN issue-2711 184 23 in in ADP issue-2711 184 24 content content NOUN issue-2711 184 25 , , PUNCT issue-2711 184 26 identity identity NOUN issue-2711 184 27 , , PUNCT issue-2711 184 28 ownership ownership NOUN issue-2711 184 29 , , PUNCT issue-2711 184 30 authenticity authenticity NOUN issue-2711 184 31 and and CCONJ issue-2711 184 32 truth truth NOUN issue-2711 184 33 . . PUNCT issue-2711 185 1 tokens token NOUN issue-2711 185 2 will will AUX issue-2711 185 3 play play VERB issue-2711 185 4 a a DET issue-2711 185 5 fundamental fundamental ADJ issue-2711 185 6 role role NOUN issue-2711 185 7 , , PUNCT issue-2711 185 8 representing represent VERB issue-2711 185 9 physical physical ADJ issue-2711 185 10 assets asset NOUN issue-2711 185 11 in in ADP issue-2711 185 12 the the DET issue-2711 185 13 digital digital ADJ issue-2711 185 14 domain domain NOUN issue-2711 185 15 while while SCONJ issue-2711 185 16 extending extend VERB issue-2711 185 17 their their PRON issue-2711 185 18 functional functional ADJ issue-2711 185 19 capabilities capability NOUN issue-2711 185 20 . . PUNCT issue-2711 186 1 tokens token NOUN issue-2711 186 2 will will AUX issue-2711 186 3 encapsulate encapsulate VERB issue-2711 186 4 identity identity NOUN issue-2711 186 5 and and CCONJ issue-2711 186 6 value value NOUN issue-2711 186 7 within within ADP issue-2711 186 8 a a DET issue-2711 186 9 digital digital ADJ issue-2711 186 10 protocol protocol NOUN issue-2711 186 11 . . PUNCT issue-2711 187 1 as as ADP issue-2711 187 2 a a DET issue-2711 187 3 modern modern ADJ issue-2711 187 4 accounting accounting NOUN issue-2711 187 5 system system NOUN issue-2711 187 6 , , PUNCT issue-2711 187 7 blockchain blockchain PROPN issue-2711 187 8 differs differ VERB issue-2711 187 9 from from ADP issue-2711 187 10 traditional traditional ADJ issue-2711 187 11 systems system NOUN issue-2711 187 12 in in ADP issue-2711 187 13 its its PRON issue-2711 187 14 approach approach NOUN issue-2711 187 15 to to ADP issue-2711 187 16 recording recording NOUN issue-2711 187 17 and and CCONJ issue-2711 187 18 managing manage VERB issue-2711 187 19 data datum NOUN issue-2711 187 20 . . PUNCT issue-2711 188 1 unlike unlike ADP issue-2711 188 2 traditional traditional ADJ issue-2711 188 3 systems system NOUN issue-2711 188 4 , , PUNCT issue-2711 188 5 blockchain blockchain PROPN issue-2711 188 6 focuses focus VERB issue-2711 188 7 on on ADP issue-2711 188 8 accounting account VERB issue-2711 188 9 for for ADP issue-2711 188 10 objects object NOUN issue-2711 188 11 in in ADP issue-2711 188 12 the the DET issue-2711 188 13 form form NOUN issue-2711 188 14 of of ADP issue-2711 188 15 tokens token NOUN issue-2711 188 16 , , PUNCT issue-2711 188 17 which which PRON issue-2711 188 18 are be AUX issue-2711 188 19 digital digital ADJ issue-2711 188 20 representations representation NOUN issue-2711 188 21 linked link VERB issue-2711 188 22 to to ADP issue-2711 188 23 distributed distribute VERB issue-2711 188 24 ledger ledger NOUN issue-2711 188 25 technology technology NOUN issue-2711 188 26 . . PUNCT issue-2711 189 1 the the DET issue-2711 189 2 system system NOUN issue-2711 189 3 leverages leverage VERB issue-2711 189 4 advanced advanced ADJ issue-2711 189 5 encryption encryption NOUN issue-2711 189 6 , , PUNCT issue-2711 189 7 open open ADJ issue-2711 189 8 protocols protocol NOUN issue-2711 189 9 , , PUNCT issue-2711 189 10 distributed distribute VERB issue-2711 189 11 information information NOUN issue-2711 189 12 storage storage NOUN issue-2711 189 13 , , PUNCT issue-2711 189 14 and and CCONJ issue-2711 189 15 the the DET issue-2711 189 16 ability ability NOUN issue-2711 189 17 to to PART issue-2711 189 18 transfer transfer VERB issue-2711 189 19 digital digital ADJ issue-2711 189 20 data datum NOUN issue-2711 189 21 directly directly ADV issue-2711 189 22 between between ADP issue-2711 189 23 addresses address NOUN issue-2711 189 24 without without ADP issue-2711 189 25 intermediaries intermediary NOUN issue-2711 189 26 . . PUNCT issue-2711 190 1 these these DET issue-2711 190 2 features feature NOUN issue-2711 190 3 ensure ensure VERB issue-2711 190 4 the the DET issue-2711 190 5 reliability reliability NOUN issue-2711 190 6 , , PUNCT issue-2711 190 7 transparency transparency NOUN issue-2711 190 8 and and CCONJ issue-2711 190 9 efficiency efficiency NOUN issue-2711 190 10 of of ADP issue-2711 190 11 transactions transaction NOUN issue-2711 190 12 involving involve VERB issue-2711 190 13 tokens token NOUN issue-2711 190 14 , , PUNCT issue-2711 190 15 making make VERB issue-2711 190 16 blockchain blockchain NOUN issue-2711 190 17 a a DET issue-2711 190 18 revolutionary revolutionary ADJ issue-2711 190 19 technological technological ADJ issue-2711 190 20 solution solution NOUN issue-2711 190 21 for for ADP issue-2711 190 22 the the DET issue-2711 190 23 digital digital ADJ issue-2711 190 24 economy economy NOUN issue-2711 190 25 . . PUNCT issue-2711 191 1 the the DET issue-2711 191 2 purpose purpose NOUN issue-2711 191 3 of of ADP issue-2711 191 4 tokenising tokenise VERB issue-2711 191 5 backed back VERB issue-2711 191 6 assets asset NOUN issue-2711 191 7 is be AUX issue-2711 191 8 to to PART issue-2711 191 9 create create VERB issue-2711 191 10 a a DET issue-2711 191 11 more more ADV issue-2711 191 12 accessible accessible ADJ issue-2711 191 13 and and CCONJ issue-2711 191 14 liquid liquid ADJ issue-2711 191 15 way way NOUN issue-2711 191 16 of of ADP issue-2711 191 17 investing invest VERB issue-2711 191 18 in in ADP issue-2711 191 19 these these DET issue-2711 191 20 assets asset NOUN issue-2711 191 21 . . PUNCT issue-2711 192 1 tokenisation tokenisation NOUN issue-2711 192 2 divides divide VERB issue-2711 192 3 assets asset NOUN issue-2711 192 4 into into ADP issue-2711 192 5 small small ADJ issue-2711 192 6 shares share NOUN issue-2711 192 7 represented represent VERB issue-2711 192 8 by by ADP issue-2711 192 9 digital digital ADJ issue-2711 192 10 tokens token NOUN issue-2711 192 11 , , PUNCT issue-2711 192 12 allowing allow VERB issue-2711 192 13 investors investor NOUN issue-2711 192 14 to to PART issue-2711 192 15 buy buy VERB issue-2711 192 16 these these DET issue-2711 192 17 shares share NOUN issue-2711 192 18 at at ADP issue-2711 192 19 a a DET issue-2711 192 20 lower low ADJ issue-2711 192 21 cost cost NOUN issue-2711 192 22 . . PUNCT issue-2711 193 1 tokenised tokenise VERB issue-2711 193 2 assets asset NOUN issue-2711 193 3 pave pave VERB issue-2711 193 4 the the DET issue-2711 193 5 way way NOUN issue-2711 193 6 for for ADP issue-2711 193 7 a a DET issue-2711 193 8 much much ADV issue-2711 193 9 easier easy ADJ issue-2711 193 10 process process NOUN issue-2711 193 11 of of ADP issue-2711 193 12 trading trading NOUN issue-2711 193 13 and and CCONJ issue-2711 193 14 transferring transfer VERB issue-2711 193 15 ownership ownership NOUN issue-2711 193 16 , , PUNCT issue-2711 193 17 as as SCONJ issue-2711 193 18 tokens token NOUN issue-2711 193 19 can can AUX issue-2711 193 20 be be AUX issue-2711 193 21 easily easily ADV issue-2711 193 22 transferred transfer VERB issue-2711 193 23 and and CCONJ issue-2711 193 24 traded trade VERB issue-2711 193 25 on on ADP issue-2711 193 26 digital digital ADJ issue-2711 193 27 platforms platform NOUN issue-2711 193 28 . . PUNCT issue-2711 194 1 appropriate appropriate ADJ issue-2711 194 2 oversight oversight NOUN issue-2711 194 3 and and CCONJ issue-2711 194 4 supervision supervision NOUN issue-2711 194 5 will will AUX issue-2711 194 6 be be AUX issue-2711 194 7 a a DET issue-2711 194 8 prerequisite prerequisite NOUN issue-2711 194 9 for for ADP issue-2711 194 10 this this DET issue-2711 194 11 endeavour endeavour NOUN issue-2711 194 12 . . PUNCT issue-2711 195 1 in in ADP issue-2711 195 2 embracing embrace VERB issue-2711 195 3 evolution evolution NOUN issue-2711 195 4 and and CCONJ issue-2711 195 5 change change NOUN issue-2711 195 6 , , PUNCT issue-2711 195 7 central central ADJ issue-2711 195 8 banks bank NOUN issue-2711 195 9 and and CCONJ issue-2711 195 10 the the DET issue-2711 195 11 private private ADJ issue-2711 195 12 sector sector NOUN issue-2711 195 13 should should AUX issue-2711 195 14 follow follow VERB issue-2711 195 15 key key ADJ issue-2711 195 16 guiding guide VERB issue-2711 195 17 principles principle NOUN issue-2711 195 18 to to PART issue-2711 195 19 ensure ensure VERB issue-2711 195 20 that that SCONJ issue-2711 195 21 the the DET issue-2711 195 22 monetary monetary ADJ issue-2711 195 23 system system NOUN issue-2711 195 24 harnesses harness VERB issue-2711 195 25 innovation innovation NOUN issue-2711 195 26 in in ADP issue-2711 195 27 the the DET issue-2711 195 28 public public ADJ issue-2711 195 29 interest interest NOUN issue-2711 195 30 : : PUNCT issue-2711 195 31 – – PUNCT issue-2711 195 32 first first ADV issue-2711 195 33 , , PUNCT issue-2711 195 34 the the DET issue-2711 195 35 tried try VERB issue-2711 195 36 - - PUNCT issue-2711 195 37 and and CCONJ issue-2711 195 38 - - PUNCT issue-2711 195 39 tested test VERB issue-2711 195 40 division division NOUN issue-2711 195 41 of of ADP issue-2711 195 42 roles role NOUN issue-2711 195 43 between between ADP issue-2711 195 44 the the DET issue-2711 195 45 public public ADJ issue-2711 195 46 and and CCONJ issue-2711 195 47 private private ADJ issue-2711 195 48 sectors sector NOUN issue-2711 195 49 in in ADP issue-2711 195 50 a a DET issue-2711 195 51 two two NUM issue-2711 195 52 - - PUNCT issue-2711 195 53 tier tier NOUN issue-2711 195 54 system system NOUN issue-2711 195 55 remains remain VERB issue-2711 195 56 the the DET issue-2711 195 57 cornerstone cornerstone NOUN issue-2711 195 58 ; ; PUNCT issue-2711 195 59 – – PUNCT issue-2711 195 60 the the DET issue-2711 195 61 second second ADJ issue-2711 195 62 principle principle NOUN issue-2711 195 63 is be AUX issue-2711 195 64 to to PART issue-2711 195 65 maintain maintain VERB issue-2711 195 66 a a DET issue-2711 195 67 level level NOUN issue-2711 195 68 playing playing NOUN issue-2711 195 69 field field NOUN issue-2711 195 70 that that PRON issue-2711 195 71 promotes promote VERB issue-2711 195 72 innovation innovation NOUN issue-2711 195 73 and and CCONJ issue-2711 195 74 financial financial ADJ issue-2711 195 75 inclusion inclusion NOUN issue-2711 195 76 ; ; PUNCT issue-2711 195 77 baltic baltic ADJ issue-2711 195 78 journal journal PROPN issue-2711 195 79 of of ADP issue-2711 195 80 economic economic ADJ issue-2711 195 81 studies study NOUN issue-2711 195 82 15 15 NUM issue-2711 195 83 vol vol NOUN issue-2711 195 84 . . PUNCT issue-2711 196 1 11 11 NUM issue-2711 197 1 no no NOUN issue-2711 197 2 . . NOUN issue-2711 197 3 1 1 NUM issue-2711 197 4 , , PUNCT issue-2711 197 5 2025 2025 NUM issue-2711 197 6 – – PUNCT issue-2711 197 7 third third ADJ issue-2711 197 8 , , PUNCT issue-2711 197 9 the the DET issue-2711 197 10 future future ADJ issue-2711 197 11 monetary monetary ADJ issue-2711 197 12 system system NOUN issue-2711 197 13 must must AUX issue-2711 197 14 meet meet VERB issue-2711 197 15 the the DET issue-2711 197 16 highest high ADJ issue-2711 197 17 standards standard NOUN issue-2711 197 18 of of ADP issue-2711 197 19 data datum NOUN issue-2711 197 20 security security NOUN issue-2711 197 21 and and CCONJ issue-2711 197 22 privacy privacy NOUN issue-2711 197 23 , , PUNCT issue-2711 197 24 while while SCONJ issue-2711 197 25 ensuring ensure VERB issue-2711 197 26 the the DET issue-2711 197 27 integrity integrity NOUN issue-2711 197 28 of of ADP issue-2711 197 29 the the DET issue-2711 197 30 system system NOUN issue-2711 197 31 by by ADP issue-2711 197 32 protecting protect VERB issue-2711 197 33 it it PRON issue-2711 197 34 from from ADP issue-2711 197 35 illegal illegal ADJ issue-2711 197 36 activities activity NOUN issue-2711 197 37 such such ADJ issue-2711 197 38 as as ADP issue-2711 197 39 money money NOUN issue-2711 197 40 laundering laundering NOUN issue-2711 197 41 , , PUNCT issue-2711 197 42 terrorist terrorist ADJ issue-2711 197 43 financing financing NOUN issue-2711 197 44 and and CCONJ issue-2711 197 45 fraud fraud NOUN issue-2711 197 46 ( ( PUNCT issue-2711 197 47 bis bis ADJ issue-2711 197 48 , , PUNCT issue-2711 197 49 2023 2023 NUM issue-2711 197 50 ) ) PUNCT issue-2711 197 51 . . PUNCT issue-2711 198 1 the the DET issue-2711 198 2 bank bank NOUN issue-2711 198 3 for for ADP issue-2711 198 4 international international ADJ issue-2711 198 5 settlements settlement NOUN issue-2711 198 6 ( ( PUNCT issue-2711 198 7 bis bis ADJ issue-2711 198 8 ) ) PUNCT issue-2711 198 9 has have AUX issue-2711 198 10 expressed express VERB issue-2711 198 11 the the DET issue-2711 198 12 opinion opinion NOUN issue-2711 198 13 that that SCONJ issue-2711 198 14 , , PUNCT issue-2711 198 15 in in ADP issue-2711 198 16 order order NOUN issue-2711 198 17 to to PART issue-2711 198 18 encourage encourage VERB issue-2711 198 19 the the DET issue-2711 198 20 joint joint ADJ issue-2711 198 21 development development NOUN issue-2711 198 22 of of ADP issue-2711 198 23 new new ADJ issue-2711 198 24 technologies technology NOUN issue-2711 198 25 , , PUNCT issue-2711 198 26 there there PRON issue-2711 198 27 is be VERB issue-2711 198 28 a a DET issue-2711 198 29 necessity necessity NOUN issue-2711 198 30 for for ADP issue-2711 198 31 regulated regulated ADJ issue-2711 198 32 private private ADJ issue-2711 198 33 companies company NOUN issue-2711 198 34 . . PUNCT issue-2711 199 1 this this PRON issue-2711 199 2 is be AUX issue-2711 199 3 a a DET issue-2711 199 4 distinction distinction NOUN issue-2711 199 5 that that PRON issue-2711 199 6 can can AUX issue-2711 199 7 be be AUX issue-2711 199 8 made make VERB issue-2711 199 9 between between ADP issue-2711 199 10 them they PRON issue-2711 199 11 and and CCONJ issue-2711 199 12 the the DET issue-2711 199 13 defi defi NOUN issue-2711 199 14 space space NOUN issue-2711 199 15 , , PUNCT issue-2711 199 16 where where SCONJ issue-2711 199 17 independent independent ADJ issue-2711 199 18 development development NOUN issue-2711 199 19 is be AUX issue-2711 199 20 undertaken undertake VERB issue-2711 199 21 by by ADP issue-2711 199 22 frequently frequently ADV issue-2711 199 23 unregulated unregulated ADJ issue-2711 199 24 companies company NOUN issue-2711 199 25 . . PUNCT issue-2711 200 1 this this PRON issue-2711 200 2 could could AUX issue-2711 200 3 ultimately ultimately ADV issue-2711 200 4 result result VERB issue-2711 200 5 in in ADP issue-2711 200 6 a a DET issue-2711 200 7 scenario scenario NOUN issue-2711 200 8 akin akin ADJ issue-2711 200 9 to to ADP issue-2711 200 10 that that PRON issue-2711 200 11 observed observe VERB issue-2711 200 12 in in ADP issue-2711 200 13 china china PROPN issue-2711 200 14 , , PUNCT issue-2711 200 15 where where SCONJ issue-2711 200 16 private private ADJ issue-2711 200 17 digital digital ADJ issue-2711 200 18 currencies currency NOUN issue-2711 200 19 are be AUX issue-2711 200 20 prohibited prohibit VERB issue-2711 200 21 . . PUNCT issue-2711 201 1 in in ADP issue-2711 201 2 the the DET issue-2711 201 3 joint joint ADJ issue-2711 201 4 book book NOUN issue-2711 201 5 " " PUNCT issue-2711 201 6 covid19 covid19 NOUN issue-2711 201 7 : : PUNCT issue-2711 201 8 the the DET issue-2711 201 9 great great ADJ issue-2711 201 10 reset reset NOUN issue-2711 201 11 " " PUNCT issue-2711 201 12 , , PUNCT issue-2711 201 13 klaus klaus PROPN issue-2711 201 14 schwab schwab PROPN issue-2711 201 15 , , PUNCT issue-2711 201 16 promoting promote VERB issue-2711 201 17 the the DET issue-2711 201 18 stability stability NOUN issue-2711 201 19 of of ADP issue-2711 201 20 global global ADJ issue-2711 201 21 corporations corporation NOUN issue-2711 201 22 , , PUNCT issue-2711 201 23 notes note VERB issue-2711 201 24 that that SCONJ issue-2711 201 25 : : PUNCT issue-2711 201 26 " " PUNCT issue-2711 201 27 they they PRON issue-2711 201 28 have have AUX issue-2711 201 29 made make VERB issue-2711 201 30 stakeholder stakeholder NOUN issue-2711 201 31 capitalism capitalism NOUN issue-2711 201 32 and and CCONJ issue-2711 201 33 environmental environmental ADJ issue-2711 201 34 , , PUNCT issue-2711 201 35 social social ADJ issue-2711 201 36 and and CCONJ issue-2711 201 37 governance governance NOUN issue-2711 201 38 ( ( PUNCT issue-2711 201 39 esg esg NOUN issue-2711 201 40 ) ) PUNCT issue-2711 201 41 considerations consideration NOUN issue-2711 201 42 increasingly increasingly ADV issue-2711 201 43 relevant relevant ADJ issue-2711 201 44 to to ADP issue-2711 201 45 sustainable sustainable ADJ issue-2711 201 46 value value NOUN issue-2711 201 47 creation creation NOUN issue-2711 201 48 ( ( PUNCT issue-2711 201 49 esg esg PROPN issue-2711 201 50 can can AUX issue-2711 201 51 be be AUX issue-2711 201 52 considered consider VERB issue-2711 201 53 as as ADP issue-2711 201 54 the the DET issue-2711 201 55 yardstick yardstick NOUN issue-2711 201 56 for for ADP issue-2711 201 57 stakeholder stakeholder NOUN issue-2711 201 58 capitalism capitalism NOUN issue-2711 201 59 ) ) PUNCT issue-2711 201 60 . . PUNCT issue-2711 201 61 " " PUNCT issue-2711 202 1 ( ( PUNCT issue-2711 202 2 schwab schwab PROPN issue-2711 202 3 , , PUNCT issue-2711 202 4 mallerett mallerett PROPN issue-2711 202 5 , , PUNCT issue-2711 202 6 2020 2020 NUM issue-2711 202 7 , , PUNCT issue-2711 202 8 p. p. NOUN issue-2711 202 9 129 129 NUM issue-2711 202 10 ) ) PUNCT issue-2711 202 11 pointing point VERB issue-2711 202 12 to to ADP issue-2711 202 13 investment investment NOUN issue-2711 202 14 giant giant ADJ issue-2711 202 15 blackrock blackrock NOUN issue-2711 202 16 's 's PART issue-2711 202 17 active active ADJ issue-2711 202 18 involvement involvement NOUN issue-2711 202 19 in in ADP issue-2711 202 20 stakeholder stakeholder NOUN issue-2711 202 21 capitalism capitalism NOUN issue-2711 202 22 , , PUNCT issue-2711 202 23 schwab schwab PROPN issue-2711 202 24 argues argue VERB issue-2711 202 25 that that SCONJ issue-2711 202 26 this this PRON issue-2711 202 27 is be AUX issue-2711 202 28 further further ADJ issue-2711 202 29 evidence evidence NOUN issue-2711 202 30 that that SCONJ issue-2711 202 31 companies company NOUN issue-2711 202 32 with with ADP issue-2711 202 33 high high ADJ issue-2711 202 34 esg esg PROPN issue-2711 202 35 ratings rating NOUN issue-2711 202 36 have have AUX issue-2711 202 37 outperformed outperform VERB issue-2711 202 38 their their PRON issue-2711 202 39 peers peer NOUN issue-2711 202 40 in in ADP issue-2711 202 41 the the DET issue-2711 202 42 face face NOUN issue-2711 202 43 of of ADP issue-2711 202 44 the the DET issue-2711 202 45 pandemic pandemic ADJ issue-2711 202 46 , , PUNCT issue-2711 202 47 not not PART issue-2711 202 48 because because SCONJ issue-2711 202 49 of of ADP issue-2711 202 50 reduced reduced ADJ issue-2711 202 51 exposure exposure NOUN issue-2711 202 52 to to ADP issue-2711 202 53 fossil fossil ADJ issue-2711 202 54 fuels fuel NOUN issue-2711 202 55 , , PUNCT issue-2711 202 56 but but CCONJ issue-2711 202 57 because because SCONJ issue-2711 202 58 esg esg PROPN issue-2711 202 59 companies company NOUN issue-2711 202 60 tend tend VERB issue-2711 202 61 to to PART issue-2711 202 62 be be AUX issue-2711 202 63 more more ADV issue-2711 202 64 resilient resilient ADJ issue-2711 202 65 due due ADP issue-2711 202 66 to to ADP issue-2711 202 67 their their PRON issue-2711 202 68 holistic holistic ADJ issue-2711 202 69 nature nature NOUN issue-2711 202 70 . . PUNCT issue-2711 203 1 this this DET issue-2711 203 2 ability ability NOUN issue-2711 203 3 to to PART issue-2711 203 4 manage manage VERB issue-2711 203 5 risk risk NOUN issue-2711 203 6 intelligently intelligently ADV issue-2711 203 7 is be AUX issue-2711 203 8 a a DET issue-2711 203 9 key key ADJ issue-2711 203 10 competitive competitive ADJ issue-2711 203 11 advantage advantage NOUN issue-2711 203 12 , , PUNCT issue-2711 203 13 as as SCONJ issue-2711 203 14 schwab schwab NOUN issue-2711 203 15 asserts assert VERB issue-2711 203 16 . . PUNCT issue-2711 204 1 however however ADV issue-2711 204 2 , , PUNCT issue-2711 204 3 this this DET issue-2711 204 4 advantage advantage NOUN issue-2711 204 5 is be AUX issue-2711 204 6 arguably arguably ADV issue-2711 204 7 more more ADV issue-2711 204 8 attributable attributable ADJ issue-2711 204 9 to to ADP issue-2711 204 10 their their PRON issue-2711 204 11 global global ADJ issue-2711 204 12 positioning positioning NOUN issue-2711 204 13 , , PUNCT issue-2711 204 14 which which PRON issue-2711 204 15 fosters foster VERB issue-2711 204 16 a a DET issue-2711 204 17 holistic holistic ADJ issue-2711 204 18 , , PUNCT issue-2711 204 19 rather rather ADV issue-2711 204 20 than than ADP issue-2711 204 21 monopolistic monopolistic ADJ issue-2711 204 22 , , PUNCT issue-2711 204 23 character character NOUN issue-2711 204 24 . . PUNCT issue-2711 205 1 the the DET issue-2711 205 2 " " PUNCT issue-2711 205 3 trilemma trilemma NOUN issue-2711 205 4 " " PUNCT issue-2711 205 5 of of ADP issue-2711 205 6 the the DET issue-2711 205 7 relationship relationship NOUN issue-2711 205 8 between between ADP issue-2711 205 9 integration integration NOUN issue-2711 205 10 ( ( PUNCT issue-2711 205 11 or or CCONJ issue-2711 205 12 proxy proxy ADJ issue-2711 205 13 globalization globalization NOUN issue-2711 205 14 ) ) PUNCT issue-2711 205 15 and and CCONJ issue-2711 205 16 democracy democracy NOUN issue-2711 205 17 is be AUX issue-2711 205 18 discussed discuss VERB issue-2711 205 19 , , PUNCT issue-2711 205 20 with with ADP issue-2711 205 21 the the DET issue-2711 205 22 observation observation NOUN issue-2711 205 23 that that SCONJ issue-2711 205 24 significant significant ADJ issue-2711 205 25 decisions decision NOUN issue-2711 205 26 are be AUX issue-2711 205 27 made make VERB issue-2711 205 28 at at ADP issue-2711 205 29 the the DET issue-2711 205 30 supranational supranational ADJ issue-2711 205 31 level level NOUN issue-2711 205 32 , , PUNCT issue-2711 205 33 thereby thereby ADV issue-2711 205 34 weakening weaken VERB issue-2711 205 35 national national ADJ issue-2711 205 36 sovereignty sovereignty NOUN issue-2711 205 37 . . PUNCT issue-2711 206 1 it it PRON issue-2711 206 2 is be AUX issue-2711 206 3 asserted assert VERB issue-2711 206 4 that that SCONJ issue-2711 206 5 globalization globalization NOUN issue-2711 206 6 will will AUX issue-2711 206 7 always always ADV issue-2711 206 8 be be AUX issue-2711 206 9 constrained constrain VERB issue-2711 206 10 unless unless SCONJ issue-2711 206 11 there there PRON issue-2711 206 12 is be VERB issue-2711 206 13 a a DET issue-2711 206 14 willingness willingness NOUN issue-2711 206 15 to to PART issue-2711 206 16 relinquish relinquish VERB issue-2711 206 17 part part NOUN issue-2711 206 18 of of ADP issue-2711 206 19 one one NUM issue-2711 206 20 's 's PART issue-2711 206 21 sovereignty sovereignty NOUN issue-2711 206 22 or or CCONJ issue-2711 206 23 democratic democratic ADJ issue-2711 206 24 principles principle NOUN issue-2711 206 25 . . PUNCT issue-2711 207 1 in in ADP issue-2711 207 2 order order NOUN issue-2711 207 3 to to PART issue-2711 207 4 solve solve VERB issue-2711 207 5 this this DET issue-2711 207 6 " " PUNCT issue-2711 207 7 political political ADJ issue-2711 207 8 trilemma trilemma NOUN issue-2711 207 9 " " PUNCT issue-2711 207 10 , , PUNCT issue-2711 207 11 the the DET issue-2711 207 12 authors author NOUN issue-2711 207 13 begin begin VERB issue-2711 207 14 to to PART issue-2711 207 15 build build VERB issue-2711 207 16 a a DET issue-2711 207 17 strange strange ADJ issue-2711 207 18 and and CCONJ issue-2711 207 19 very very ADV issue-2711 207 20 veiled veiled ADJ issue-2711 207 21 construction construction NOUN issue-2711 207 22 , , PUNCT issue-2711 207 23 which which PRON issue-2711 207 24 they they PRON issue-2711 207 25 call call VERB issue-2711 207 26 " " PUNCT issue-2711 207 27 stakeholder stakeholder NOUN issue-2711 207 28 capitalism capitalism NOUN issue-2711 207 29 " " PUNCT issue-2711 207 30 , , PUNCT issue-2711 207 31 which which PRON issue-2711 207 32 will will AUX issue-2711 207 33 also also ADV issue-2711 207 34 include include VERB issue-2711 207 35 environmental environmental ADJ issue-2711 207 36 , , PUNCT issue-2711 207 37 social social ADJ issue-2711 207 38 and and CCONJ issue-2711 207 39 governance governance NOUN issue-2711 207 40 ( ( PUNCT issue-2711 207 41 esg esg NOUN issue-2711 207 42 ) ) PUNCT issue-2711 207 43 aspects aspect NOUN issue-2711 207 44 . . PUNCT issue-2711 208 1 the the DET issue-2711 208 2 combination combination NOUN issue-2711 208 3 of of ADP issue-2711 208 4 economic economic ADJ issue-2711 208 5 integration integration NOUN issue-2711 208 6 ( ( PUNCT issue-2711 208 7 a a DET issue-2711 208 8 proxy proxy NOUN issue-2711 208 9 for for ADP issue-2711 208 10 globalisation globalisation NOUN issue-2711 208 11 ) ) PUNCT issue-2711 208 12 and and CCONJ issue-2711 208 13 democracy democracy NOUN issue-2711 208 14 implies imply VERB issue-2711 208 15 that that SCONJ issue-2711 208 16 important important ADJ issue-2711 208 17 decisions decision NOUN issue-2711 208 18 have have VERB issue-2711 208 19 to to PART issue-2711 208 20 be be AUX issue-2711 208 21 taken take VERB issue-2711 208 22 at at ADP issue-2711 208 23 a a DET issue-2711 208 24 supranational supranational ADJ issue-2711 208 25 level level NOUN issue-2711 208 26 , , PUNCT issue-2711 208 27 which which PRON issue-2711 208 28 somehow somehow ADV issue-2711 208 29 weakens weaken VERB issue-2711 208 30 the the DET issue-2711 208 31 sovereignty sovereignty NOUN issue-2711 208 32 of of ADP issue-2711 208 33 the the DET issue-2711 208 34 nation nation NOUN issue-2711 208 35 state state NOUN issue-2711 208 36 . . PUNCT issue-2711 209 1 in in ADP issue-2711 209 2 the the DET issue-2711 209 3 prevailing prevail VERB issue-2711 209 4 circumstances circumstance NOUN issue-2711 209 5 , , PUNCT issue-2711 209 6 the the DET issue-2711 209 7 " " PUNCT issue-2711 209 8 political political ADJ issue-2711 209 9 trilemma trilemma NOUN issue-2711 209 10 " " PUNCT issue-2711 209 11 framework framework NOUN issue-2711 209 12 posits posit NOUN issue-2711 209 13 that that SCONJ issue-2711 209 14 the the DET issue-2711 209 15 progression progression NOUN issue-2711 209 16 of of ADP issue-2711 209 17 globalization globalization NOUN issue-2711 209 18 must must AUX issue-2711 209 19 be be AUX issue-2711 209 20 constrained constrain VERB issue-2711 209 21 in in ADP issue-2711 209 22 order order NOUN issue-2711 209 23 to to PART issue-2711 209 24 avoid avoid VERB issue-2711 209 25 the the DET issue-2711 209 26 relinquishment relinquishment NOUN issue-2711 209 27 of of ADP issue-2711 209 28 national national ADJ issue-2711 209 29 sovereignty sovereignty NOUN issue-2711 209 30 or or CCONJ issue-2711 209 31 democratic democratic ADJ issue-2711 209 32 principles principle NOUN issue-2711 209 33 . . PUNCT issue-2711 210 1 consequently consequently ADV issue-2711 210 2 , , PUNCT issue-2711 210 3 the the DET issue-2711 210 4 resurgence resurgence NOUN issue-2711 210 5 of of ADP issue-2711 210 6 nationalism nationalism NOUN issue-2711 210 7 renders render VERB issue-2711 210 8 the the DET issue-2711 210 9 retreat retreat NOUN issue-2711 210 10 of of ADP issue-2711 210 11 globalization globalization NOUN issue-2711 210 12 unavoidable unavoidable ADJ issue-2711 210 13 in in ADP issue-2711 210 14 the the DET issue-2711 210 15 majority majority NOUN issue-2711 210 16 of of ADP issue-2711 210 17 the the DET issue-2711 210 18 world world NOUN issue-2711 210 19 , , PUNCT issue-2711 210 20 a a DET issue-2711 210 21 phenomenon phenomenon NOUN issue-2711 210 22 that that PRON issue-2711 210 23 is be AUX issue-2711 210 24 particularly particularly ADV issue-2711 210 25 salient salient ADJ issue-2711 210 26 in in ADP issue-2711 210 27 the the DET issue-2711 210 28 west west NOUN issue-2711 210 29 . . PUNCT issue-2711 211 1 this this PRON issue-2711 211 2 means mean VERB issue-2711 211 3 that that SCONJ issue-2711 211 4 the the DET issue-2711 211 5 involvement involvement NOUN issue-2711 211 6 of of ADP issue-2711 211 7 global global ADJ issue-2711 211 8 companies company NOUN issue-2711 211 9 in in ADP issue-2711 211 10 esg esg PROPN issue-2711 211 11 is be AUX issue-2711 211 12 becoming become VERB issue-2711 211 13 a a DET issue-2711 211 14 vehicle vehicle NOUN issue-2711 211 15 for for ADP issue-2711 211 16 sustainable sustainable ADJ issue-2711 211 17 development development NOUN issue-2711 211 18 and and CCONJ issue-2711 211 19 can can AUX issue-2711 211 20 be be AUX issue-2711 211 21 seen see VERB issue-2711 211 22 as as ADP issue-2711 211 23 a a DET issue-2711 211 24 criterion criterion NOUN issue-2711 211 25 for for ADP issue-2711 211 26 stakeholder stakeholder NOUN issue-2711 211 27 capitalism capitalism NOUN issue-2711 211 28 . . PUNCT issue-2711 212 1 60 60 NUM issue-2711 212 2 business business NOUN issue-2711 212 3 leaders leader NOUN issue-2711 212 4 have have AUX issue-2711 212 5 already already ADV issue-2711 212 6 signed sign VERB issue-2711 212 7 public public ADJ issue-2711 212 8 commitments commitment NOUN issue-2711 212 9 of of ADP issue-2711 212 10 companies company NOUN issue-2711 212 11 to to PART issue-2711 212 12 report report VERB issue-2711 212 13 not not PART issue-2711 212 14 only only ADV issue-2711 212 15 on on ADP issue-2711 212 16 financial financial ADJ issue-2711 212 17 issues issue NOUN issue-2711 212 18 , , PUNCT issue-2711 212 19 but but CCONJ issue-2711 212 20 also also ADV issue-2711 212 21 on on ADP issue-2711 212 22 their their PRON issue-2711 212 23 esg esg NOUN issue-2711 212 24 impacts impact NOUN issue-2711 212 25 . . PUNCT issue-2711 213 1 it it PRON issue-2711 213 2 is be AUX issue-2711 213 3 noteworthy noteworthy ADJ issue-2711 213 4 that that SCONJ issue-2711 213 5 60 60 NUM issue-2711 213 6 prominent prominent ADJ issue-2711 213 7 leaders leader NOUN issue-2711 213 8 from from ADP issue-2711 213 9 various various ADJ issue-2711 213 10 industries industry NOUN issue-2711 213 11 have have AUX issue-2711 213 12 expressed express VERB issue-2711 213 13 their their PRON issue-2711 213 14 commitment commitment NOUN issue-2711 213 15 to to ADP issue-2711 213 16 the the DET issue-2711 213 17 stakeholder stakeholder NOUN issue-2711 213 18 capitalism capitalism NOUN issue-2711 213 19 metrics metric NOUN issue-2711 213 20 . . PUNCT issue-2711 214 1 these these DET issue-2711 214 2 metrics metric NOUN issue-2711 214 3 , , PUNCT issue-2711 214 4 which which PRON issue-2711 214 5 were be AUX issue-2711 214 6 published publish VERB issue-2711 214 7 in in ADP issue-2711 214 8 september september PROPN issue-2711 214 9 2020 2020 NUM issue-2711 214 10 by by ADP issue-2711 214 11 the the DET issue-2711 214 12 world world NOUN issue-2711 214 13 economic economic PROPN issue-2711 214 14 forum forum PROPN issue-2711 214 15 and and CCONJ issue-2711 214 16 its its PRON issue-2711 214 17 international international ADJ issue-2711 214 18 business business NOUN issue-2711 214 19 council council PROPN issue-2711 214 20 ( ( PUNCT issue-2711 214 21 ibc ibc PROPN issue-2711 214 22 ) ) PUNCT issue-2711 214 23 , , PUNCT issue-2711 214 24 encompass encompass VERB issue-2711 214 25 environmental environmental ADJ issue-2711 214 26 , , PUNCT issue-2711 214 27 social social ADJ issue-2711 214 28 , , PUNCT issue-2711 214 29 governance governance NOUN issue-2711 214 30 , , PUNCT issue-2711 214 31 and and CCONJ issue-2711 214 32 disclosure disclosure NOUN issue-2711 214 33 aspects aspect NOUN issue-2711 214 34 . . PUNCT issue-2711 215 1 the the DET issue-2711 215 2 objective objective NOUN issue-2711 215 3 of of ADP issue-2711 215 4 these these DET issue-2711 215 5 metrics metric NOUN issue-2711 215 6 is be AUX issue-2711 215 7 to to PART issue-2711 215 8 evaluate evaluate VERB issue-2711 215 9 the the DET issue-2711 215 10 creation creation NOUN issue-2711 215 11 of of ADP issue-2711 215 12 long long ADJ issue-2711 215 13 - - PUNCT issue-2711 215 14 term term NOUN issue-2711 215 15 enterprise enterprise NOUN issue-2711 215 16 value value NOUN issue-2711 215 17 for for ADP issue-2711 215 18 all all DET issue-2711 215 19 stakeholders stakeholder NOUN issue-2711 215 20 ( ( PUNCT issue-2711 215 21 wef wef PROPN issue-2711 215 22 , , PUNCT issue-2711 215 23 2021 2021 NUM issue-2711 215 24 ) ) PUNCT issue-2711 215 25 . . PUNCT issue-2711 216 1 in in ADP issue-2711 216 2 the the DET issue-2711 216 3 context context NOUN issue-2711 216 4 of of ADP issue-2711 216 5 a a DET issue-2711 216 6 monetary monetary ADJ issue-2711 216 7 diversity diversity NOUN issue-2711 216 8 environment environment NOUN issue-2711 216 9 where where SCONJ issue-2711 216 10 the the DET issue-2711 216 11 control control NOUN issue-2711 216 12 criteria criterion NOUN issue-2711 216 13 and and CCONJ issue-2711 216 14 auditing auditing NOUN issue-2711 216 15 procedures procedure NOUN issue-2711 216 16 for for ADP issue-2711 216 17 digital digital ADJ issue-2711 216 18 currencies currency NOUN issue-2711 216 19 have have AUX issue-2711 216 20 not not PART issue-2711 216 21 yet yet ADV issue-2711 216 22 been be AUX issue-2711 216 23 fully fully ADV issue-2711 216 24 defined define VERB issue-2711 216 25 , , PUNCT issue-2711 216 26 it it PRON issue-2711 216 27 is be AUX issue-2711 216 28 challenging challenge VERB issue-2711 216 29 to to PART issue-2711 216 30 discern discern VERB issue-2711 216 31 a a DET issue-2711 216 32 method method NOUN issue-2711 216 33 for for ADP issue-2711 216 34 the the DET issue-2711 216 35 monitoring monitoring NOUN issue-2711 216 36 of of ADP issue-2711 216 37 the the DET issue-2711 216 38 fulfilment fulfilment NOUN issue-2711 216 39 of of ADP issue-2711 216 40 these these DET issue-2711 216 41 metrics metric NOUN issue-2711 216 42 . . PUNCT issue-2711 217 1 it it PRON issue-2711 217 2 is be AUX issue-2711 217 3 imperative imperative ADJ issue-2711 217 4 to to PART issue-2711 217 5 ascertain ascertain VERB issue-2711 217 6 who who PRON issue-2711 217 7 will will AUX issue-2711 217 8 oversee oversee VERB issue-2711 217 9 the the DET issue-2711 217 10 implementation implementation NOUN issue-2711 217 11 of of ADP issue-2711 217 12 these these DET issue-2711 217 13 commitments commitment NOUN issue-2711 217 14 on on ADP issue-2711 217 15 such such DET issue-2711 217 16 a a DET issue-2711 217 17 large large ADJ issue-2711 217 18 scale scale NOUN issue-2711 217 19 , , PUNCT issue-2711 217 20 in in ADP issue-2711 217 21 order order NOUN issue-2711 217 22 to to PART issue-2711 217 23 prevent prevent VERB issue-2711 217 24 their their PRON issue-2711 217 25 transformation transformation NOUN issue-2711 217 26 into into ADP issue-2711 217 27 a a DET issue-2711 217 28 mere mere ADJ issue-2711 217 29 publicity publicity NOUN issue-2711 217 30 exercise exercise NOUN issue-2711 217 31 . . PUNCT issue-2711 218 1 finally finally ADV issue-2711 218 2 , , PUNCT issue-2711 218 3 when when SCONJ issue-2711 218 4 governments government NOUN issue-2711 218 5 fail fail VERB issue-2711 218 6 to to PART issue-2711 218 7 deal deal VERB issue-2711 218 8 with with ADP issue-2711 218 9 global global ADJ issue-2711 218 10 problems problem NOUN issue-2711 218 11 and and CCONJ issue-2711 218 12 drag drag VERB issue-2711 218 13 everyone everyone PRON issue-2711 218 14 into into ADP issue-2711 218 15 a a DET issue-2711 218 16 debt debt NOUN issue-2711 218 17 hole hole NOUN issue-2711 218 18 , , PUNCT issue-2711 218 19 businesses business NOUN issue-2711 218 20 step step VERB issue-2711 218 21 in in ADV issue-2711 218 22 , , PUNCT issue-2711 218 23 hiding hide VERB issue-2711 218 24 behind behind ADP issue-2711 218 25 some some DET issue-2711 218 26 social social ADJ issue-2711 218 27 responsibility responsibility NOUN issue-2711 218 28 for for ADP issue-2711 218 29 the the DET issue-2711 218 30 sake sake NOUN issue-2711 218 31 of of ADP issue-2711 218 32 attractiveness attractiveness NOUN issue-2711 218 33 . . PUNCT issue-2711 219 1 here here ADV issue-2711 219 2 one one PRON issue-2711 219 3 can can AUX issue-2711 219 4 remember remember VERB issue-2711 219 5 immanuel immanuel PROPN issue-2711 219 6 kant kant PROPN issue-2711 219 7 , , PUNCT issue-2711 219 8 who who PRON issue-2711 219 9 formulated formulate VERB issue-2711 219 10 the the DET issue-2711 219 11 idea idea NOUN issue-2711 219 12 of of ADP issue-2711 219 13 the the DET issue-2711 219 14 categorical categorical ADJ issue-2711 219 15 imperative imperative NOUN issue-2711 219 16 , , PUNCT issue-2711 219 17 reasoned reason VERB issue-2711 219 18 about about ADP issue-2711 219 19 the the DET issue-2711 219 20 morality morality NOUN issue-2711 219 21 of of ADP issue-2711 219 22 actions action NOUN issue-2711 219 23 and and CCONJ issue-2711 219 24 tried try VERB issue-2711 219 25 to to PART issue-2711 219 26 give give VERB issue-2711 219 27 a a DET issue-2711 219 28 definition definition NOUN issue-2711 219 29 of of ADP issue-2711 219 30 freedom freedom NOUN issue-2711 219 31 of of ADP issue-2711 219 32 choice choice NOUN issue-2711 219 33 , , PUNCT issue-2711 219 34 and and CCONJ issue-2711 219 35 came come VERB issue-2711 219 36 to to ADP issue-2711 219 37 the the DET issue-2711 219 38 conclusion conclusion NOUN issue-2711 219 39 that that SCONJ issue-2711 219 40 only only ADV issue-2711 219 41 arbitrariness arbitrariness NOUN issue-2711 219 42 can can AUX issue-2711 219 43 be be AUX issue-2711 219 44 free free ADJ issue-2711 219 45 . . PUNCT issue-2711 220 1 and and CCONJ issue-2711 220 2 only only ADV issue-2711 220 3 law law NOUN issue-2711 220 4 contains contain VERB issue-2711 220 5 the the DET issue-2711 220 6 categorical categorical ADJ issue-2711 220 7 imperative imperative NOUN issue-2711 220 8 ( ( PUNCT issue-2711 220 9 kant kant NOUN issue-2711 220 10 , , PUNCT issue-2711 220 11 1989 1989 NUM issue-2711 220 12 ) ) PUNCT issue-2711 220 13 . . PUNCT issue-2711 221 1 however however ADV issue-2711 221 2 , , PUNCT issue-2711 221 3 in in ADP issue-2711 221 4 order order NOUN issue-2711 221 5 to to PART issue-2711 221 6 increase increase VERB issue-2711 221 7 incomes income NOUN issue-2711 221 8 , , PUNCT issue-2711 221 9 it it PRON issue-2711 221 10 is be AUX issue-2711 221 11 necessary necessary ADJ issue-2711 221 12 to to PART issue-2711 221 13 increase increase VERB issue-2711 221 14 labour labour ADJ issue-2711 221 15 productivity productivity NOUN issue-2711 221 16 , , PUNCT issue-2711 221 17 which which PRON issue-2711 221 18 has have AUX issue-2711 221 19 stagnated stagnate VERB issue-2711 221 20 in in ADP issue-2711 221 21 recent recent ADJ issue-2711 221 22 decades decade NOUN issue-2711 221 23 despite despite SCONJ issue-2711 221 24 exponential exponential ADJ issue-2711 221 25 growth growth NOUN issue-2711 221 26 in in ADP issue-2711 221 27 technological technological ADJ issue-2711 221 28 progress progress NOUN issue-2711 221 29 and and CCONJ issue-2711 221 30 investment investment NOUN issue-2711 221 31 ( ( PUNCT issue-2711 221 32 oecd oecd PROPN issue-2711 221 33 , , PUNCT issue-2711 221 34 2024 2024 NUM issue-2711 221 35 ) ) PUNCT issue-2711 221 36 . . PUNCT issue-2711 222 1 this this PRON issue-2711 222 2 is be AUX issue-2711 222 3 a a DET issue-2711 222 4 point point NOUN issue-2711 222 5 noted note VERB issue-2711 222 6 with with ADP issue-2711 222 7 concern concern NOUN issue-2711 222 8 by by ADP issue-2711 222 9 schwab schwab NOUN issue-2711 222 10 himself himself PRON issue-2711 222 11 when when SCONJ issue-2711 222 12 discussing discuss VERB issue-2711 222 13 the the DET issue-2711 222 14 fourth fourth ADJ issue-2711 222 15 industrial industrial ADJ issue-2711 222 16 revolution revolution NOUN issue-2711 222 17 ( ( PUNCT issue-2711 222 18 schwab schwab NOUN issue-2711 222 19 , , PUNCT issue-2711 222 20 2017 2017 NUM issue-2711 222 21 ) ) PUNCT issue-2711 222 22 . . PUNCT issue-2711 223 1 according accord VERB issue-2711 223 2 to to ADP issue-2711 223 3 schwab schwab PROPN issue-2711 223 4 , , PUNCT issue-2711 223 5 new new ADJ issue-2711 223 6 innovative innovative ADJ issue-2711 223 7 goods good NOUN issue-2711 223 8 and and CCONJ issue-2711 223 9 services service NOUN issue-2711 223 10 created create VERB issue-2711 223 11 in in ADP issue-2711 223 12 the the DET issue-2711 223 13 process process NOUN issue-2711 223 14 of of ADP issue-2711 223 15 the the DET issue-2711 223 16 fourth fourth PROPN issue-2711 223 17 industrial industrial ADJ issue-2711 223 18 revolution revolution NOUN issue-2711 223 19 have have VERB issue-2711 223 20 higher high ADJ issue-2711 223 21 functionality functionality NOUN issue-2711 223 22 and and CCONJ issue-2711 223 23 quality quality NOUN issue-2711 223 24 and and CCONJ issue-2711 223 25 are be AUX issue-2711 223 26 " " PUNCT issue-2711 223 27 non non ADJ issue-2711 223 28 - - ADJ issue-2711 223 29 competitive competitive ADJ issue-2711 223 30 " " PUNCT issue-2711 223 31 , , PUNCT issue-2711 223 32 have have VERB issue-2711 223 33 zero zero NUM issue-2711 223 34 marginal marginal ADJ issue-2711 223 35 costs cost NOUN issue-2711 223 36 or or CCONJ issue-2711 223 37 enter enter VERB issue-2711 223 38 markets market NOUN issue-2711 223 39 through through ADP issue-2711 223 40 digital digital ADJ issue-2711 223 41 platforms platform NOUN issue-2711 223 42 , , PUNCT issue-2711 223 43 displacing displace VERB issue-2711 223 44 competitors competitor NOUN issue-2711 223 45 and and CCONJ issue-2711 223 46 intermediaries intermediary NOUN issue-2711 223 47 . . PUNCT issue-2711 224 1 all all PRON issue-2711 224 2 of of ADP issue-2711 224 3 this this DET issue-2711 224 4 results result NOUN issue-2711 224 5 in in ADP issue-2711 224 6 lower low ADJ issue-2711 224 7 prices price NOUN issue-2711 224 8 , , PUNCT issue-2711 224 9 while while SCONJ issue-2711 224 10 traditional traditional ADJ issue-2711 224 11 statistics statistic NOUN issue-2711 224 12 are be AUX issue-2711 224 13 unable unable ADJ issue-2711 224 14 to to PART issue-2711 224 15 capture capture VERB issue-2711 224 16 the the DET issue-2711 224 17 added add VERB issue-2711 224 18 value value NOUN issue-2711 224 19 of of ADP issue-2711 224 20 consumer consumer NOUN issue-2711 224 21 surplus surplus NOUN issue-2711 224 22 . . PUNCT issue-2711 225 1 indeed indeed ADV issue-2711 225 2 , , PUNCT issue-2711 225 3 the the DET issue-2711 225 4 utilisation utilisation NOUN issue-2711 225 5 of of ADP issue-2711 225 6 applications application NOUN issue-2711 225 7 from from ADP issue-2711 225 8 the the DET issue-2711 225 9 app app NOUN issue-2711 225 10 store store NOUN issue-2711 225 11 , , PUNCT issue-2711 225 12 whatsapp whatsapp NOUN issue-2711 225 13 , , PUNCT issue-2711 225 14 and and CCONJ issue-2711 225 15 numerous numerous ADJ issue-2711 225 16 others other NOUN issue-2711 225 17 , , PUNCT issue-2711 225 18 often often ADV issue-2711 225 19 at at ADP issue-2711 225 20 no no DET issue-2711 225 21 financial financial ADJ issue-2711 225 22 cost cost NOUN issue-2711 225 23 , , PUNCT issue-2711 225 24 has have VERB issue-2711 225 25 the the DET issue-2711 225 26 potential potential NOUN issue-2711 225 27 to to PART issue-2711 225 28 substantially substantially ADV issue-2711 225 29 mitigate mitigate VERB issue-2711 225 30 the the DET issue-2711 225 31 economic economic ADJ issue-2711 225 32 burden burden NOUN issue-2711 225 33 associated associate VERB issue-2711 225 34 with with ADP issue-2711 225 35 these these DET issue-2711 225 36 services service NOUN issue-2711 225 37 , , PUNCT issue-2711 225 38 thereby thereby ADV issue-2711 225 39 enhancing enhance VERB issue-2711 225 40 the the DET issue-2711 225 41 overall overall ADJ issue-2711 225 42 quality quality NOUN issue-2711 225 43 of of ADP issue-2711 225 44 life life NOUN issue-2711 225 45 . . PUNCT issue-2711 226 1 this this DET issue-2711 226 2 assertion assertion NOUN issue-2711 226 3 is be AUX issue-2711 226 4 further far ADV issue-2711 226 5 substantiated substantiate VERB issue-2711 226 6 by by ADP issue-2711 226 7 mark mark PROPN issue-2711 226 8 zuckerberg zuckerberg PROPN issue-2711 226 9 , , PUNCT issue-2711 226 10 who who PRON issue-2711 226 11 elucidates elucidate VERB issue-2711 226 12 that that SCONJ issue-2711 226 13 meta meta PROPN issue-2711 226 14 's 's PART issue-2711 226 15 baltic baltic ADJ issue-2711 226 16 journal journal NOUN issue-2711 226 17 of of ADP issue-2711 226 18 economic economic ADJ issue-2711 226 19 studies study NOUN issue-2711 226 20 16 16 NUM issue-2711 226 21 vol vol NOUN issue-2711 226 22 . . PROPN issue-2711 227 1 11 11 NUM issue-2711 228 1 no no NOUN issue-2711 228 2 . . NOUN issue-2711 228 3 1 1 NUM issue-2711 228 4 , , PUNCT issue-2711 228 5 2025 2025 NUM issue-2711 228 6 business business NOUN issue-2711 228 7 model model NOUN issue-2711 228 8 is be AUX issue-2711 228 9 predicated predicate VERB issue-2711 228 10 on on ADP issue-2711 228 11 the the DET issue-2711 228 12 creation creation NOUN issue-2711 228 13 of of ADP issue-2711 228 14 superior superior ADJ issue-2711 228 15 experiences experience NOUN issue-2711 228 16 and and CCONJ issue-2711 228 17 services service NOUN issue-2711 228 18 for for ADP issue-2711 228 19 individuals individual NOUN issue-2711 228 20 . . PUNCT issue-2711 229 1 to to ADP issue-2711 229 2 this this DET issue-2711 229 3 end end NOUN issue-2711 229 4 , , PUNCT issue-2711 229 5 it it PRON issue-2711 229 6 is be AUX issue-2711 229 7 imperative imperative ADJ issue-2711 229 8 to to PART issue-2711 229 9 ensure ensure VERB issue-2711 229 10 uninterrupted uninterrupted ADJ issue-2711 229 11 access access NOUN issue-2711 229 12 to to ADP issue-2711 229 13 optimal optimal ADJ issue-2711 229 14 technology technology NOUN issue-2711 229 15 and and CCONJ issue-2711 229 16 to to PART issue-2711 229 17 avoid avoid VERB issue-2711 229 18 the the DET issue-2711 229 19 constraints constraint NOUN issue-2711 229 20 imposed impose VERB issue-2711 229 21 by by ADP issue-2711 229 22 a a DET issue-2711 229 23 competitor competitor NOUN issue-2711 229 24 's 's PART issue-2711 229 25 proprietary proprietary ADJ issue-2711 229 26 ecosystem ecosystem NOUN issue-2711 229 27 , , PUNCT issue-2711 229 28 which which PRON issue-2711 229 29 may may AUX issue-2711 229 30 impede impede VERB issue-2711 229 31 the the DET issue-2711 229 32 full full ADJ issue-2711 229 33 expression expression NOUN issue-2711 229 34 of of ADP issue-2711 229 35 human human ADJ issue-2711 229 36 creativity creativity NOUN issue-2711 229 37 ( ( PUNCT issue-2711 229 38 zuckerberg zuckerberg PROPN issue-2711 229 39 , , PUNCT issue-2711 229 40 2024 2024 NUM issue-2711 229 41 ) ) PUNCT issue-2711 229 42 . . PUNCT issue-2711 230 1 rather rather ADV issue-2711 230 2 , , PUNCT issue-2711 230 3 the the DET issue-2711 230 4 next next ADJ issue-2711 230 5 industrial industrial ADJ issue-2711 230 6 revolution revolution NOUN issue-2711 230 7 is be AUX issue-2711 230 8 really really ADV issue-2711 230 9 coming come VERB issue-2711 230 10 , , PUNCT issue-2711 230 11 but but CCONJ issue-2711 230 12 not not PART issue-2711 230 13 yet yet ADV issue-2711 230 14 as as ADP issue-2711 230 15 a a DET issue-2711 230 16 result result NOUN issue-2711 230 17 of of ADP issue-2711 230 18 technological technological ADJ issue-2711 230 19 change change NOUN issue-2711 230 20 , , PUNCT issue-2711 230 21 but but CCONJ issue-2711 230 22 in in ADP issue-2711 230 23 the the DET issue-2711 230 24 process process NOUN issue-2711 230 25 of of ADP issue-2711 230 26 opening open VERB issue-2711 230 27 up up ADP issue-2711 230 28 opportunities opportunity NOUN issue-2711 230 29 for for ADP issue-2711 230 30 finance finance NOUN issue-2711 230 31 capital capital NOUN issue-2711 230 32 , , PUNCT issue-2711 230 33 because because SCONJ issue-2711 230 34 someone someone PRON issue-2711 230 35 has have VERB issue-2711 230 36 to to PART issue-2711 230 37 finance finance VERB issue-2711 230 38 the the DET issue-2711 230 39 production production NOUN issue-2711 230 40 of of ADP issue-2711 230 41 these these DET issue-2711 230 42 gadgets gadget NOUN issue-2711 230 43 and and CCONJ issue-2711 230 44 technologies technology NOUN issue-2711 230 45 . . PUNCT issue-2711 231 1 in in ADP issue-2711 231 2 this this DET issue-2711 231 3 respect respect NOUN issue-2711 231 4 , , PUNCT issue-2711 231 5 an an DET issue-2711 231 6 interesting interesting ADJ issue-2711 231 7 conclusion conclusion NOUN issue-2711 231 8 was be AUX issue-2711 231 9 reached reach VERB issue-2711 231 10 by by ADP issue-2711 231 11 the the DET issue-2711 231 12 economist economist PROPN issue-2711 231 13 nikolai nikolai PROPN issue-2711 231 14 kondratiev kondratiev PROPN issue-2711 231 15 at at ADP issue-2711 231 16 the the DET issue-2711 231 17 beginning beginning NOUN issue-2711 231 18 of of ADP issue-2711 231 19 the the DET issue-2711 231 20 last last ADJ issue-2711 231 21 century century NOUN issue-2711 231 22 , , PUNCT issue-2711 231 23 when when SCONJ issue-2711 231 24 he he PRON issue-2711 231 25 was be AUX issue-2711 231 26 trying try VERB issue-2711 231 27 to to PART issue-2711 231 28 determine determine VERB issue-2711 231 29 the the DET issue-2711 231 30 causes cause NOUN issue-2711 231 31 and and CCONJ issue-2711 231 32 phases phase NOUN issue-2711 231 33 of of ADP issue-2711 231 34 the the DET issue-2711 231 35 ebb ebb NOUN issue-2711 231 36 and and CCONJ issue-2711 231 37 flow flow NOUN issue-2711 231 38 of of ADP issue-2711 231 39 the the DET issue-2711 231 40 world world NOUN issue-2711 231 41 economy economy NOUN issue-2711 231 42 . . PUNCT issue-2711 232 1 economists economist NOUN issue-2711 232 2 have have AUX issue-2711 232 3 identified identify VERB issue-2711 232 4 five five NUM issue-2711 232 5 kondratiev kondratiev NOUN issue-2711 232 6 waves wave NOUN issue-2711 232 7 since since SCONJ issue-2711 232 8 the the DET issue-2711 232 9 18th 18th ADJ issue-2711 232 10 century.the century.the DET issue-2711 232 11 first first ADJ issue-2711 232 12 wave wave NOUN issue-2711 232 13 was be AUX issue-2711 232 14 triggered trigger VERB issue-2711 232 15 by by ADP issue-2711 232 16 the the DET issue-2711 232 17 invention invention NOUN issue-2711 232 18 of of ADP issue-2711 232 19 the the DET issue-2711 232 20 steam steam NOUN issue-2711 232 21 engine engine NOUN issue-2711 232 22 and and CCONJ issue-2711 232 23 lasted last VERB issue-2711 232 24 from from ADP issue-2711 232 25 1780 1780 NUM issue-2711 232 26 to to ADP issue-2711 232 27 1830.the 1830.the DET issue-2711 232 28 second second ADJ issue-2711 232 29 wave wave NOUN issue-2711 232 30 emerged emerge VERB issue-2711 232 31 due due ADP issue-2711 232 32 to to ADP issue-2711 232 33 the the DET issue-2711 232 34 development development NOUN issue-2711 232 35 of of ADP issue-2711 232 36 the the DET issue-2711 232 37 steel steel NOUN issue-2711 232 38 industry industry NOUN issue-2711 232 39 and and CCONJ issue-2711 232 40 the the DET issue-2711 232 41 expansion expansion NOUN issue-2711 232 42 of of ADP issue-2711 232 43 rail rail NOUN issue-2711 232 44 networks network NOUN issue-2711 232 45 , , PUNCT issue-2711 232 46 spanning span VERB issue-2711 232 47 from from ADP issue-2711 232 48 1830 1830 NUM issue-2711 232 49 to to ADP issue-2711 232 50 1880 1880 NUM issue-2711 232 51 . . PUNCT issue-2711 233 1 the the DET issue-2711 233 2 third third ADJ issue-2711 233 3 wave wave NOUN issue-2711 233 4 was be AUX issue-2711 233 5 driven drive VERB issue-2711 233 6 by by ADP issue-2711 233 7 advancements advancement NOUN issue-2711 233 8 in in ADP issue-2711 233 9 electrification electrification NOUN issue-2711 233 10 and and CCONJ issue-2711 233 11 innovations innovation NOUN issue-2711 233 12 within within ADP issue-2711 233 13 the the DET issue-2711 233 14 chemical chemical NOUN issue-2711 233 15 industry industry NOUN issue-2711 233 16 , , PUNCT issue-2711 233 17 spanning span VERB issue-2711 233 18 from from ADP issue-2711 233 19 1880 1880 NUM issue-2711 233 20 to to ADP issue-2711 233 21 1930 1930 NUM issue-2711 233 22 . . PUNCT issue-2711 234 1 the the DET issue-2711 234 2 fourth fourth ADJ issue-2711 234 3 wave wave NOUN issue-2711 234 4 , , PUNCT issue-2711 234 5 fuelled fuel VERB issue-2711 234 6 by by ADP issue-2711 234 7 the the DET issue-2711 234 8 emergence emergence NOUN issue-2711 234 9 of of ADP issue-2711 234 10 the the DET issue-2711 234 11 automobile automobile NOUN issue-2711 234 12 and and CCONJ issue-2711 234 13 petrochemicals petrochemical NOUN issue-2711 234 14 , , PUNCT issue-2711 234 15 lasted last VERB issue-2711 234 16 from from ADP issue-2711 234 17 1930 1930 NUM issue-2711 234 18 to to ADP issue-2711 234 19 1970 1970 NUM issue-2711 234 20 . . PUNCT issue-2711 235 1 the the DET issue-2711 235 2 fifth fifth ADJ issue-2711 235 3 wave wave NOUN issue-2711 235 4 , , PUNCT issue-2711 235 5 characterised characterise VERB issue-2711 235 6 by by ADP issue-2711 235 7 the the DET issue-2711 235 8 proliferation proliferation NOUN issue-2711 235 9 of of ADP issue-2711 235 10 information information NOUN issue-2711 235 11 technology technology NOUN issue-2711 235 12 , , PUNCT issue-2711 235 13 commenced commence VERB issue-2711 235 14 in in ADP issue-2711 235 15 1970 1970 NUM issue-2711 235 16 and and CCONJ issue-2711 235 17 continues continue VERB issue-2711 235 18 until until ADP issue-2711 235 19 the the DET issue-2711 235 20 present present NOUN issue-2711 235 21 . . PUNCT issue-2711 236 1 it it PRON issue-2711 236 2 is be AUX issue-2711 236 3 the the DET issue-2711 236 4 conviction conviction NOUN issue-2711 236 5 of of ADP issue-2711 236 6 certain certain ADJ issue-2711 236 7 economists economist NOUN issue-2711 236 8 that that SCONJ issue-2711 236 9 the the DET issue-2711 236 10 present present ADJ issue-2711 236 11 era era NOUN issue-2711 236 12 is be AUX issue-2711 236 13 the the DET issue-2711 236 14 dawn dawn NOUN issue-2711 236 15 of of ADP issue-2711 236 16 a a DET issue-2711 236 17 sixth sixth ADJ issue-2711 236 18 wave wave NOUN issue-2711 236 19 , , PUNCT issue-2711 236 20 the the DET issue-2711 236 21 characteristics characteristic NOUN issue-2711 236 22 of of ADP issue-2711 236 23 which which PRON issue-2711 236 24 they they PRON issue-2711 236 25 believe believe VERB issue-2711 236 26 to to PART issue-2711 236 27 be be AUX issue-2711 236 28 driven drive VERB issue-2711 236 29 by by ADP issue-2711 236 30 biotechnology biotechnology NOUN issue-2711 236 31 and and CCONJ issue-2711 236 32 healthcare healthcare PROPN issue-2711 236 33 . . PUNCT issue-2711 237 1 in in ADP issue-2711 237 2 his his PRON issue-2711 237 3 book book NOUN issue-2711 237 4 " " PUNCT issue-2711 237 5 economic economic ADJ issue-2711 237 6 cycles cycle NOUN issue-2711 237 7 " " PUNCT issue-2711 237 8 , , PUNCT issue-2711 237 9 joseph joseph PROPN issue-2711 237 10 schumpeter schumpeter PROPN issue-2711 237 11 argued argue VERB issue-2711 237 12 that that SCONJ issue-2711 237 13 a a DET issue-2711 237 14 series series NOUN issue-2711 237 15 of of ADP issue-2711 237 16 wave wave NOUN issue-2711 237 17 - - PUNCT issue-2711 237 18 like like ADJ issue-2711 237 19 patterns pattern NOUN issue-2711 237 20 of of ADP issue-2711 237 21 varying vary VERB issue-2711 237 22 lengths length NOUN issue-2711 237 23 , , PUNCT issue-2711 237 24 including include VERB issue-2711 237 25 kondratiev kondratiev NOUN issue-2711 237 26 waves wave NOUN issue-2711 237 27 ( ( PUNCT issue-2711 237 28 among among ADP issue-2711 237 29 other other ADJ issue-2711 237 30 shorter short ADJ issue-2711 237 31 waves wave NOUN issue-2711 237 32 ) ) PUNCT issue-2711 237 33 , , PUNCT issue-2711 237 34 could could AUX issue-2711 237 35 explain explain VERB issue-2711 237 36 historical historical ADJ issue-2711 237 37 and and CCONJ issue-2711 237 38 cyclical cyclical ADJ issue-2711 237 39 trends trend NOUN issue-2711 237 40 in in ADP issue-2711 237 41 the the DET issue-2711 237 42 economy economy NOUN issue-2711 237 43 . . PUNCT issue-2711 238 1 he he PRON issue-2711 238 2 identified identify VERB issue-2711 238 3 technological technological ADJ issue-2711 238 4 innovation innovation NOUN issue-2711 238 5 as as ADP issue-2711 238 6 the the DET issue-2711 238 7 main main ADJ issue-2711 238 8 driver driver NOUN issue-2711 238 9 of of ADP issue-2711 238 10 kondratiev kondratiev NOUN issue-2711 238 11 waves wave NOUN issue-2711 238 12 ( ( PUNCT issue-2711 238 13 shumpeter shumpeter NOUN issue-2711 238 14 , , PUNCT issue-2711 238 15 2014 2014 NUM issue-2711 238 16 ) ) PUNCT issue-2711 238 17 . . PUNCT issue-2711 239 1 in in ADP issue-2711 239 2 his his PRON issue-2711 239 3 works work NOUN issue-2711 239 4 of of ADP issue-2711 239 5 the the DET issue-2711 239 6 1930s 1930 NOUN issue-2711 239 7 , , PUNCT issue-2711 239 8 schumpeter schumpeter NOUN issue-2711 239 9 actively actively ADV issue-2711 239 10 developed develop VERB issue-2711 239 11 the the DET issue-2711 239 12 ideas idea NOUN issue-2711 239 13 of of ADP issue-2711 239 14 n. n. PROPN issue-2711 239 15 d. d. PROPN issue-2711 239 16 kondratiev kondratiev PROPN issue-2711 239 17 ; ; PUNCT issue-2711 239 18 moreover moreover ADV issue-2711 239 19 , , PUNCT issue-2711 239 20 he he PRON issue-2711 239 21 was be AUX issue-2711 239 22 the the DET issue-2711 239 23 first first ADJ issue-2711 239 24 to to PART issue-2711 239 25 introduce introduce VERB issue-2711 239 26 the the DET issue-2711 239 27 concept concept NOUN issue-2711 239 28 of of ADP issue-2711 239 29 kondratiev kondratiev NOUN issue-2711 239 30 cycles cycle NOUN issue-2711 239 31 ( ( PUNCT issue-2711 239 32 k k NOUN issue-2711 239 33 - - NOUN issue-2711 239 34 cycles cycle NOUN issue-2711 239 35 ) ) PUNCT issue-2711 239 36 into into ADP issue-2711 239 37 the the DET issue-2711 239 38 world world NOUN issue-2711 239 39 economic economic ADJ issue-2711 239 40 literature literature NOUN issue-2711 239 41 . . PUNCT issue-2711 240 1 schumpeter schumpeter NOUN issue-2711 240 2 understood understand VERB issue-2711 240 3 these these PRON issue-2711 240 4 to to PART issue-2711 240 5 be be AUX issue-2711 240 6 long long ADV issue-2711 240 7 macroeconomic macroeconomic ADJ issue-2711 240 8 and and CCONJ issue-2711 240 9 price price NOUN issue-2711 240 10 cycles cycle NOUN issue-2711 240 11 , , PUNCT issue-2711 240 12 initially initially ADV issue-2711 240 13 estimated estimate VERB issue-2711 240 14 to to PART issue-2711 240 15 last last ADJ issue-2711 240 16 50 50 NUM issue-2711 240 17 - - SYM issue-2711 240 18 54 54 NUM issue-2711 240 19 years year NOUN issue-2711 240 20 . . PUNCT issue-2711 241 1 schumpeter schumpeter NOUN issue-2711 241 2 linked link VERB issue-2711 241 3 each each DET issue-2711 241 4 kondratiev kondratiev NOUN issue-2711 241 5 cycle cycle NOUN issue-2711 241 6 to to ADP issue-2711 241 7 the the DET issue-2711 241 8 next next ADJ issue-2711 241 9 wave wave NOUN issue-2711 241 10 of of ADP issue-2711 241 11 innovation innovation NOUN issue-2711 241 12 and and CCONJ issue-2711 241 13 the the DET issue-2711 241 14 introduction introduction NOUN issue-2711 241 15 of of ADP issue-2711 241 16 new new ADJ issue-2711 241 17 major major ADJ issue-2711 241 18 technological technological ADJ issue-2711 241 19 cases case NOUN issue-2711 241 20 . . PUNCT issue-2711 242 1 the the DET issue-2711 242 2 theory theory NOUN issue-2711 242 3 of of ADP issue-2711 242 4 major major ADJ issue-2711 242 5 conjunctural conjunctural ADJ issue-2711 242 6 cycles cycle NOUN issue-2711 242 7 seemed seem VERB issue-2711 242 8 to to PART issue-2711 242 9 encompass encompass VERB issue-2711 242 10 economic economic ADJ issue-2711 242 11 cycles cycle NOUN issue-2711 242 12 of of ADP issue-2711 242 13 other other ADJ issue-2711 242 14 lengths length NOUN issue-2711 242 15 , , PUNCT issue-2711 242 16 with with ADP issue-2711 242 17 their their PRON issue-2711 242 18 phases phase NOUN issue-2711 242 19 of of ADP issue-2711 242 20 boom boom NOUN issue-2711 242 21 , , PUNCT issue-2711 242 22 crisis crisis NOUN issue-2711 242 23 and and CCONJ issue-2711 242 24 depression depression NOUN issue-2711 242 25 . . PUNCT issue-2711 243 1 this this DET issue-2711 243 2 idea idea NOUN issue-2711 243 3 was be AUX issue-2711 243 4 updated update VERB issue-2711 243 5 at at ADP issue-2711 243 6 the the DET issue-2711 243 7 turn turn NOUN issue-2711 243 8 of of ADP issue-2711 243 9 the the DET issue-2711 243 10 20th 20th ADJ issue-2711 243 11 and and CCONJ issue-2711 243 12 21st 21st ADJ issue-2711 243 13 centuries century NOUN issue-2711 243 14 , , PUNCT issue-2711 243 15 when when SCONJ issue-2711 243 16 a a DET issue-2711 243 17 number number NOUN issue-2711 243 18 of of ADP issue-2711 243 19 works work NOUN issue-2711 243 20 appeared appear VERB issue-2711 243 21 on on ADP issue-2711 243 22 the the DET issue-2711 243 23 correlations correlation NOUN issue-2711 243 24 and and CCONJ issue-2711 243 25 interrelations interrelation NOUN issue-2711 243 26 between between ADP issue-2711 243 27 different different ADJ issue-2711 243 28 cycles cycle NOUN issue-2711 243 29 . . PUNCT issue-2711 244 1 the the DET issue-2711 244 2 periodisation periodisation NOUN issue-2711 244 3 of of ADP issue-2711 244 4 the the DET issue-2711 244 5 phases phase NOUN issue-2711 244 6 of of ADP issue-2711 244 7 the the DET issue-2711 244 8 great great ADJ issue-2711 244 9 cycle cycle NOUN issue-2711 244 10 remains remain VERB issue-2711 244 11 a a DET issue-2711 244 12 controversial controversial ADJ issue-2711 244 13 problem problem NOUN issue-2711 244 14 , , PUNCT issue-2711 244 15 as as SCONJ issue-2711 244 16 does do VERB issue-2711 244 17 their their PRON issue-2711 244 18 length length NOUN issue-2711 244 19 . . PUNCT issue-2711 245 1 this this DET issue-2711 245 2 statement statement NOUN issue-2711 245 3 may may AUX issue-2711 245 4 initially initially ADV issue-2711 245 5 seem seem VERB issue-2711 245 6 counterintuitive counterintuitive ADJ issue-2711 245 7 . . PUNCT issue-2711 246 1 health health NOUN issue-2711 246 2 expenditures expenditure NOUN issue-2711 246 3 , , PUNCT issue-2711 246 4 which which PRON issue-2711 246 5 are be AUX issue-2711 246 6 categorised categorise VERB issue-2711 246 7 as as ADP issue-2711 246 8 pure pure ADJ issue-2711 246 9 expenses expense NOUN issue-2711 246 10 and and CCONJ issue-2711 246 11 regarded regard VERB issue-2711 246 12 as as ADP issue-2711 246 13 something something PRON issue-2711 246 14 to to PART issue-2711 246 15 be be AUX issue-2711 246 16 avoided avoid VERB issue-2711 246 17 if if SCONJ issue-2711 246 18 possible possible ADJ issue-2711 246 19 , , PUNCT issue-2711 246 20 can can AUX issue-2711 246 21 they they PRON issue-2711 246 22 serve serve VERB issue-2711 246 23 as as ADP issue-2711 246 24 a a DET issue-2711 246 25 catalyst catalyst NOUN issue-2711 246 26 for for ADP issue-2711 246 27 future future ADJ issue-2711 246 28 economic economic ADJ issue-2711 246 29 growth growth NOUN issue-2711 246 30 and and CCONJ issue-2711 246 31 employment?at employment?at PUNCT issue-2711 246 32 this this DET issue-2711 246 33 juncture juncture NOUN issue-2711 246 34 , , PUNCT issue-2711 246 35 it it PRON issue-2711 246 36 is be AUX issue-2711 246 37 pertinent pertinent ADJ issue-2711 246 38 to to PART issue-2711 246 39 revisit revisit VERB issue-2711 246 40 the the DET issue-2711 246 41 findings finding NOUN issue-2711 246 42 of of ADP issue-2711 246 43 modern modern ADJ issue-2711 246 44 growth growth NOUN issue-2711 246 45 theory.machinery theory.machinery NOUN issue-2711 246 46 , , PUNCT issue-2711 246 47 capital capital NOUN issue-2711 246 48 and and CCONJ issue-2711 246 49 employment employment NOUN issue-2711 246 50 are be AUX issue-2711 246 51 merely merely ADV issue-2711 246 52 superficially superficially ADV issue-2711 246 53 the the DET issue-2711 246 54 most most ADV issue-2711 246 55 significant significant ADJ issue-2711 246 56 sources source NOUN issue-2711 246 57 of of ADP issue-2711 246 58 economic economic ADJ issue-2711 246 59 growth growth NOUN issue-2711 246 60 . . PUNCT issue-2711 247 1 however however ADV issue-2711 247 2 , , PUNCT issue-2711 247 3 kondratiev kondratiev PROPN issue-2711 247 4 's 's PART issue-2711 247 5 seminal seminal ADJ issue-2711 247 6 work work NOUN issue-2711 247 7 posits posit NOUN issue-2711 247 8 that that SCONJ issue-2711 247 9 the the DET issue-2711 247 10 primary primary ADJ issue-2711 247 11 catalyst catalyst NOUN issue-2711 247 12 for for ADP issue-2711 247 13 a a DET issue-2711 247 14 new new ADJ issue-2711 247 15 cycle cycle NOUN issue-2711 247 16 or or CCONJ issue-2711 247 17 wave wave NOUN issue-2711 247 18 is be AUX issue-2711 247 19 the the DET issue-2711 247 20 accumulation accumulation NOUN issue-2711 247 21 of of ADP issue-2711 247 22 inexpensive inexpensive ADJ issue-2711 247 23 capital capital NOUN issue-2711 247 24 ready ready ADJ issue-2711 247 25 to to PART issue-2711 247 26 be be AUX issue-2711 247 27 invested invest VERB issue-2711 247 28 in in ADP issue-2711 247 29 the the DET issue-2711 247 30 economy economy NOUN issue-2711 247 31 . . PUNCT issue-2711 248 1 the the DET issue-2711 248 2 following follow VERB issue-2711 248 3 question question NOUN issue-2711 248 4 is be AUX issue-2711 248 5 posited posit VERB issue-2711 248 6 : : PUNCT issue-2711 248 7 is be AUX issue-2711 248 8 fiat fiat ADJ issue-2711 248 9 money money NOUN issue-2711 248 10 capable capable ADJ issue-2711 248 11 of of ADP issue-2711 248 12 providing provide VERB issue-2711 248 13 a a DET issue-2711 248 14 mechanism mechanism NOUN issue-2711 248 15 for for ADP issue-2711 248 16 the the DET issue-2711 248 17 accumulation accumulation NOUN issue-2711 248 18 , , PUNCT issue-2711 248 19 accumulation accumulation NOUN issue-2711 248 20 and and CCONJ issue-2711 248 21 distribution distribution NOUN issue-2711 248 22 of of ADP issue-2711 248 23 capital capital NOUN issue-2711 248 24 sufficient sufficient ADJ issue-2711 248 25 for for ADP issue-2711 248 26 the the DET issue-2711 248 27 creation creation NOUN issue-2711 248 28 of of ADP issue-2711 248 29 new new ADJ issue-2711 248 30 productive productive ADJ issue-2711 248 31 forces force NOUN issue-2711 248 32 ? ? PUNCT issue-2711 249 1 as as ADV issue-2711 249 2 long long ADV issue-2711 249 3 as as SCONJ issue-2711 249 4 fiat fiat NOUN issue-2711 249 5 money money NOUN issue-2711 249 6 provides provide VERB issue-2711 249 7 this this DET issue-2711 249 8 mechanism mechanism NOUN issue-2711 249 9 , , PUNCT issue-2711 249 10 it it PRON issue-2711 249 11 retains retain VERB issue-2711 249 12 its its PRON issue-2711 249 13 important important ADJ issue-2711 249 14 quality quality NOUN issue-2711 249 15 of of ADP issue-2711 249 16 money money NOUN issue-2711 249 17 as as ADP issue-2711 249 18 a a DET issue-2711 249 19 measure measure NOUN issue-2711 249 20 of of ADP issue-2711 249 21 value value NOUN issue-2711 249 22 . . PUNCT issue-2711 250 1 however however ADV issue-2711 250 2 , , PUNCT issue-2711 250 3 its its PRON issue-2711 250 4 ability ability NOUN issue-2711 250 5 to to PART issue-2711 250 6 ensure ensure VERB issue-2711 250 7 the the DET issue-2711 250 8 accumulation accumulation NOUN issue-2711 250 9 of of ADP issue-2711 250 10 capital capital NOUN issue-2711 250 11 , , PUNCT issue-2711 250 12 to to PART issue-2711 250 13 remain remain VERB issue-2711 250 14 a a DET issue-2711 250 15 means means NOUN issue-2711 250 16 of of ADP issue-2711 250 17 circulation circulation NOUN issue-2711 250 18 and and CCONJ issue-2711 250 19 payment payment NOUN issue-2711 250 20 , , PUNCT issue-2711 250 21 and and CCONJ issue-2711 250 22 even even ADV issue-2711 250 23 to to PART issue-2711 250 24 provide provide VERB issue-2711 250 25 world world NOUN issue-2711 250 26 money money NOUN issue-2711 250 27 , , PUNCT issue-2711 250 28 is be AUX issue-2711 250 29 progressively progressively ADV issue-2711 250 30 diminishing diminish VERB issue-2711 250 31 . . PUNCT issue-2711 251 1 inflation inflation NOUN issue-2711 251 2 has have AUX issue-2711 251 3 reached reach VERB issue-2711 251 4 a a DET issue-2711 251 5 level level NOUN issue-2711 251 6 that that PRON issue-2711 251 7 hinders hinder VERB issue-2711 251 8 the the DET issue-2711 251 9 accumulation accumulation NOUN issue-2711 251 10 of of ADP issue-2711 251 11 capital capital NOUN issue-2711 251 12 , , PUNCT issue-2711 251 13 even even ADV issue-2711 251 14 in in ADP issue-2711 251 15 the the DET issue-2711 251 16 world world NOUN issue-2711 251 17 's 's PART issue-2711 251 18 major major ADJ issue-2711 251 19 currencies currency NOUN issue-2711 251 20 . . PUNCT issue-2711 252 1 the the DET issue-2711 252 2 system system NOUN issue-2711 252 3 of of ADP issue-2711 252 4 stabilisation stabilisation NOUN issue-2711 252 5 and and CCONJ issue-2711 252 6 circulation circulation NOUN issue-2711 252 7 of of ADP issue-2711 252 8 these these DET issue-2711 252 9 currencies currency NOUN issue-2711 252 10 is be AUX issue-2711 252 11 cumbersome cumbersome ADJ issue-2711 252 12 , , PUNCT issue-2711 252 13 the the DET issue-2711 252 14 system system NOUN issue-2711 252 15 of of ADP issue-2711 252 16 control control NOUN issue-2711 252 17 ( ( PUNCT issue-2711 252 18 auditing auditing NOUN issue-2711 252 19 ) ) PUNCT issue-2711 252 20 over over ADP issue-2711 252 21 their their PRON issue-2711 252 22 circulation circulation NOUN issue-2711 252 23 is be AUX issue-2711 252 24 too too ADV issue-2711 252 25 expensive expensive ADJ issue-2711 252 26 and and CCONJ issue-2711 252 27 time time NOUN issue-2711 252 28 - - PUNCT issue-2711 252 29 consuming consume VERB issue-2711 252 30 , , PUNCT issue-2711 252 31 and and CCONJ issue-2711 252 32 the the DET issue-2711 252 33 growing grow VERB issue-2711 252 34 tension tension NOUN issue-2711 252 35 in in ADP issue-2711 252 36 the the DET issue-2711 252 37 world world NOUN issue-2711 252 38 political political ADJ issue-2711 252 39 system system NOUN issue-2711 252 40 is be AUX issue-2711 252 41 such such ADJ issue-2711 252 42 that that SCONJ issue-2711 252 43 settlements settlement NOUN issue-2711 252 44 between between ADP issue-2711 252 45 countries country NOUN issue-2711 252 46 are be AUX issue-2711 252 47 in in ADP issue-2711 252 48 decline decline NOUN issue-2711 252 49 , , PUNCT issue-2711 252 50 settlement settlement NOUN issue-2711 252 51 channels channel NOUN issue-2711 252 52 are be AUX issue-2711 252 53 blocked block VERB issue-2711 252 54 for for ADP issue-2711 252 55 political political ADJ issue-2711 252 56 reasons reason NOUN issue-2711 252 57 , , PUNCT issue-2711 252 58 and and CCONJ issue-2711 252 59 fiat fiat NOUN issue-2711 252 60 money money NOUN issue-2711 252 61 loses lose VERB issue-2711 252 62 the the DET issue-2711 252 63 status status NOUN issue-2711 252 64 of of ADP issue-2711 252 65 world world NOUN issue-2711 252 66 money money NOUN issue-2711 252 67 . . PUNCT issue-2711 253 1 it it PRON issue-2711 253 2 is be AUX issue-2711 253 3 imperative imperative ADJ issue-2711 253 4 that that SCONJ issue-2711 253 5 the the DET issue-2711 253 6 sixth sixth ADJ issue-2711 253 7 wave wave NOUN issue-2711 253 8 is be AUX issue-2711 253 9 supported support VERB issue-2711 253 10 by by ADP issue-2711 253 11 inexpensive inexpensive ADJ issue-2711 253 12 , , PUNCT issue-2711 253 13 technological technological ADJ issue-2711 253 14 capital capital NOUN issue-2711 253 15 that that PRON issue-2711 253 16 is be AUX issue-2711 253 17 acknowledged acknowledge VERB issue-2711 253 18 by by ADP issue-2711 253 19 the the DET issue-2711 253 20 global global ADJ issue-2711 253 21 community community NOUN issue-2711 253 22 . . PUNCT issue-2711 254 1 this this DET issue-2711 254 2 capital capital NOUN issue-2711 254 3 must must AUX issue-2711 254 4 be be AUX issue-2711 254 5 able able ADJ issue-2711 254 6 to to PART issue-2711 254 7 facilitate facilitate VERB issue-2711 254 8 the the DET issue-2711 254 9 development development NOUN issue-2711 254 10 of of ADP issue-2711 254 11 new new ADJ issue-2711 254 12 productive productive ADJ issue-2711 254 13 forces force NOUN issue-2711 254 14 and and CCONJ issue-2711 254 15 halt halt VERB issue-2711 254 16 the the DET issue-2711 254 17 decline decline NOUN issue-2711 254 18 of of ADP issue-2711 254 19 fading fade VERB issue-2711 254 20 globalisation globalisation NOUN issue-2711 254 21 , , PUNCT issue-2711 254 22 irrespective irrespective ADV issue-2711 254 23 of of ADP issue-2711 254 24 borders border NOUN issue-2711 254 25 and and CCONJ issue-2711 254 26 sovereignty sovereignty NOUN issue-2711 254 27 . . PUNCT issue-2711 255 1 the the DET issue-2711 255 2 objective objective NOUN issue-2711 255 3 is be AUX issue-2711 255 4 to to PART issue-2711 255 5 establish establish VERB issue-2711 255 6 the the DET issue-2711 255 7 conditions condition NOUN issue-2711 255 8 necessary necessary ADJ issue-2711 255 9 for for ADP issue-2711 255 10 the the DET issue-2711 255 11 ascent ascent NOUN issue-2711 255 12 of of ADP issue-2711 255 13 the the DET issue-2711 255 14 sixth sixth ADJ issue-2711 255 15 wave wave NOUN issue-2711 255 16 of of ADP issue-2711 255 17 the the DET issue-2711 255 18 world world NOUN issue-2711 255 19 economy economy NOUN issue-2711 255 20 . . PUNCT issue-2711 256 1 as as ADP issue-2711 256 2 a a DET issue-2711 256 3 challenge challenge NOUN issue-2711 256 4 to to ADP issue-2711 256 5 the the DET issue-2711 256 6 problems problem NOUN issue-2711 256 7 associated associate VERB issue-2711 256 8 with with ADP issue-2711 256 9 the the DET issue-2711 256 10 circulation circulation NOUN issue-2711 256 11 of of ADP issue-2711 256 12 fiat fiat ADJ issue-2711 256 13 money money NOUN issue-2711 256 14 , , PUNCT issue-2711 256 15 numerous numerous ADJ issue-2711 256 16 private private ADJ issue-2711 256 17 digital digital ADJ issue-2711 256 18 currencies currency NOUN issue-2711 256 19 have have AUX issue-2711 256 20 appeared appear VERB issue-2711 256 21 in in ADP issue-2711 256 22 the the DET issue-2711 256 23 form form NOUN issue-2711 256 24 of of ADP issue-2711 256 25 bitcoin bitcoin NOUN issue-2711 256 26 , , PUNCT issue-2711 256 27 but but CCONJ issue-2711 256 28 with with ADP issue-2711 256 29 high high ADJ issue-2711 256 30 volatility volatility NOUN issue-2711 256 31 , , PUNCT issue-2711 256 32 which which PRON issue-2711 256 33 required require VERB issue-2711 256 34 correction correction NOUN issue-2711 256 35 , , PUNCT issue-2711 256 36 and and CCONJ issue-2711 256 37 more more ADJ issue-2711 256 38 volatility volatility NOUN issue-2711 256 39 - - PUNCT issue-2711 256 40 resistant resistant ADJ issue-2711 256 41 stablecoins stablecoin NOUN issue-2711 256 42 have have AUX issue-2711 256 43 appeared appear VERB issue-2711 256 44 , , PUNCT issue-2711 256 45 and and CCONJ issue-2711 256 46 finally finally ADV issue-2711 256 47 the the DET issue-2711 256 48 process process NOUN issue-2711 256 49 of of ADP issue-2711 256 50 issuing issue VERB issue-2711 256 51 state state NOUN issue-2711 256 52 national national ADJ issue-2711 256 53 digital digital ADJ issue-2711 256 54 currencies currency NOUN issue-2711 256 55 in in ADP issue-2711 256 56 the the DET issue-2711 256 57 form form NOUN issue-2711 256 58 of of ADP issue-2711 256 59 cbdc cbdc NOUN issue-2711 256 60 is be AUX issue-2711 256 61 maturing mature VERB issue-2711 256 62 , , PUNCT issue-2711 256 63 the the DET issue-2711 256 64 process process NOUN issue-2711 256 65 of of ADP issue-2711 256 66 tokenisation tokenisation NOUN issue-2711 256 67 of of ADP issue-2711 256 68 assets asset NOUN issue-2711 256 69 is be AUX issue-2711 256 70 developing develop VERB issue-2711 256 71 , , PUNCT issue-2711 256 72 which which PRON issue-2711 256 73 will will AUX issue-2711 256 74 allow allow VERB issue-2711 256 75 to to ADP issue-2711 256 76 some some DET issue-2711 256 77 extent extent NOUN issue-2711 256 78 the the DET issue-2711 256 79 equalisation equalisation NOUN issue-2711 256 80 of of ADP issue-2711 256 81 traded trade VERB issue-2711 256 82 assets asset NOUN issue-2711 256 83 according accord VERB issue-2711 256 84 to to ADP issue-2711 256 85 the the DET issue-2711 256 86 technology technology NOUN issue-2711 256 87 of of ADP issue-2711 256 88 their their PRON issue-2711 256 89 valuation valuation NOUN issue-2711 256 90 , , PUNCT issue-2711 256 91 will will AUX issue-2711 256 92 reduce reduce VERB issue-2711 256 93 the the DET issue-2711 256 94 costs cost NOUN issue-2711 256 95 and and CCONJ issue-2711 256 96 speed speed VERB issue-2711 256 97 up up ADP issue-2711 256 98 the the DET issue-2711 256 99 trading trading NOUN issue-2711 256 100 processes process NOUN issue-2711 256 101 , , PUNCT issue-2711 256 102 and and CCONJ issue-2711 256 103 will will AUX issue-2711 256 104 allow allow VERB issue-2711 256 105 wide wide ADJ issue-2711 256 106 access access NOUN issue-2711 256 107 of of ADP issue-2711 256 108 buyers buyer NOUN issue-2711 256 109 to to ADP issue-2711 256 110 the the DET issue-2711 256 111 markets market NOUN issue-2711 256 112 formed form VERB issue-2711 256 113 by by ADP issue-2711 256 114 digital digital ADJ issue-2711 256 115 tokens token NOUN issue-2711 256 116 . . PUNCT issue-2711 257 1 in in ADP issue-2711 257 2 light light NOUN issue-2711 257 3 of of ADP issue-2711 257 4 the the DET issue-2711 257 5 growing grow VERB issue-2711 257 6 public public ADJ issue-2711 257 7 and and CCONJ issue-2711 257 8 corporate corporate ADJ issue-2711 257 9 distrust distrust NOUN issue-2711 257 10 of of ADP issue-2711 257 11 fiat fiat ADJ issue-2711 257 12 money money NOUN issue-2711 257 13 , , PUNCT issue-2711 257 14 blackrock blackrock PROPN issue-2711 257 15 has have AUX issue-2711 257 16 tested test VERB issue-2711 257 17 bitcoin bitcoin PROPN issue-2711 257 18 's 's PART issue-2711 257 19 investment investment NOUN issue-2711 257 20 characteristics characteristic NOUN issue-2711 257 21 in in ADP issue-2711 257 22 the the DET issue-2711 257 23 real real ADJ issue-2711 257 24 world world NOUN issue-2711 257 25 and and CCONJ issue-2711 257 26 is be AUX issue-2711 257 27 considering consider VERB issue-2711 257 28 baltic baltic ADJ issue-2711 257 29 journal journal PROPN issue-2711 257 30 of of ADP issue-2711 257 31 economic economic ADJ issue-2711 257 32 studies study NOUN issue-2711 257 33 17 17 NUM issue-2711 257 34 vol vol NOUN issue-2711 257 35 . . PROPN issue-2711 258 1 11 11 NUM issue-2711 259 1 no no NOUN issue-2711 259 2 . . NOUN issue-2711 259 3 1 1 NUM issue-2711 259 4 , , PUNCT issue-2711 259 5 2025 2025 NUM issue-2711 259 6 pairing pair VERB issue-2711 259 7 it it PRON issue-2711 259 8 with with ADP issue-2711 259 9 gold gold NOUN issue-2711 259 10 . . PUNCT issue-2711 260 1 bitcoin bitcoin PROPN issue-2711 260 2 and and CCONJ issue-2711 260 3 gold gold NOUN issue-2711 260 4 are be AUX issue-2711 260 5 often often ADV issue-2711 260 6 compared compare VERB issue-2711 260 7 as as ADP issue-2711 260 8 investment investment NOUN issue-2711 260 9 assets asset NOUN issue-2711 260 10 . . PUNCT issue-2711 261 1 gold gold NOUN issue-2711 261 2 has have VERB issue-2711 261 3 a a DET issue-2711 261 4 long long ADJ issue-2711 261 5 standing standing NOUN issue-2711 261 6 reputation reputation NOUN issue-2711 261 7 as as ADP issue-2711 261 8 a a DET issue-2711 261 9 reliable reliable ADJ issue-2711 261 10 store store NOUN issue-2711 261 11 of of ADP issue-2711 261 12 wealth wealth NOUN issue-2711 261 13 , , PUNCT issue-2711 261 14 often often ADV issue-2711 261 15 used use VERB issue-2711 261 16 as as ADP issue-2711 261 17 a a DET issue-2711 261 18 hedge hedge NOUN issue-2711 261 19 against against ADP issue-2711 261 20 inflation inflation NOUN issue-2711 261 21 and and CCONJ issue-2711 261 22 economic economic ADJ issue-2711 261 23 uncertainty uncertainty NOUN issue-2711 261 24 . . PUNCT issue-2711 262 1 bitcoin bitcoin PROPN issue-2711 262 2 , , PUNCT issue-2711 262 3 on on ADP issue-2711 262 4 the the DET issue-2711 262 5 other other ADJ issue-2711 262 6 hand hand NOUN issue-2711 262 7 , , PUNCT issue-2711 262 8 has have AUX issue-2711 262 9 emerged emerge VERB issue-2711 262 10 in in ADP issue-2711 262 11 recent recent ADJ issue-2711 262 12 years year NOUN issue-2711 262 13 as as ADP issue-2711 262 14 a a DET issue-2711 262 15 digital digital ADJ issue-2711 262 16 store store NOUN issue-2711 262 17 of of ADP issue-2711 262 18 value value NOUN issue-2711 262 19 , , PUNCT issue-2711 262 20 attracting attract VERB issue-2711 262 21 attention attention NOUN issue-2711 262 22 for for ADP issue-2711 262 23 its its PRON issue-2711 262 24 limited limited ADJ issue-2711 262 25 supply supply NOUN issue-2711 262 26 and and CCONJ issue-2711 262 27 decentralised decentralised ADJ issue-2711 262 28 nature nature NOUN issue-2711 262 29 . . PUNCT issue-2711 263 1 while while SCONJ issue-2711 263 2 gold gold NOUN issue-2711 263 3 offers offer VERB issue-2711 263 4 stability stability NOUN issue-2711 263 5 and and CCONJ issue-2711 263 6 tangibility tangibility NOUN issue-2711 263 7 , , PUNCT issue-2711 263 8 bitcoin bitcoin NOUN issue-2711 263 9 offers offer VERB issue-2711 263 10 benefits benefit NOUN issue-2711 263 11 such such ADJ issue-2711 263 12 as as ADP issue-2711 263 13 divisibility divisibility NOUN issue-2711 263 14 , , PUNCT issue-2711 263 15 portability portability NOUN issue-2711 263 16 and and CCONJ issue-2711 263 17 transparency transparency NOUN issue-2711 263 18 through through ADP issue-2711 263 19 its its PRON issue-2711 263 20 digital digital ADJ issue-2711 263 21 infrastructure infrastructure NOUN issue-2711 263 22 . . PUNCT issue-2711 264 1 both both PRON issue-2711 264 2 bitcoin bitcoin ADJ issue-2711 264 3 and and CCONJ issue-2711 264 4 gold gold NOUN issue-2711 264 5 are be AUX issue-2711 264 6 commonly commonly ADV issue-2711 264 7 seen see VERB issue-2711 264 8 as as ADP issue-2711 264 9 a a DET issue-2711 264 10 means means NOUN issue-2711 264 11 of of ADP issue-2711 264 12 portfolio portfolio NOUN issue-2711 264 13 diversification diversification NOUN issue-2711 264 14 and and CCONJ issue-2711 264 15 a a DET issue-2711 264 16 hedge hedge NOUN issue-2711 264 17 against against ADP issue-2711 264 18 inflation inflation NOUN issue-2711 264 19 , , PUNCT issue-2711 264 20 which which PRON issue-2711 264 21 occurs occur VERB issue-2711 264 22 when when SCONJ issue-2711 264 23 paper paper NOUN issue-2711 264 24 currencies currency NOUN issue-2711 264 25 depreciate depreciate VERB issue-2711 264 26 . . PUNCT issue-2711 265 1 figure figure NOUN issue-2711 265 2 1 1 NUM issue-2711 265 3 shows show VERB issue-2711 265 4 a a DET issue-2711 265 5 graph graph NOUN issue-2711 265 6 of of ADP issue-2711 265 7 bitcoin bitcoin NOUN issue-2711 265 8 's 's PART issue-2711 265 9 long long ADJ issue-2711 265 10 - - PUNCT issue-2711 265 11 term term NOUN issue-2711 265 12 growth growth NOUN issue-2711 265 13 . . PUNCT issue-2711 266 1 bitcoin bitcoin PROPN issue-2711 266 2 also also ADV issue-2711 266 3 appears appear VERB issue-2711 266 4 stable stable ADJ issue-2711 266 5 compared compare VERB issue-2711 266 6 to to ADP issue-2711 266 7 other other ADJ issue-2711 266 8 assets asset NOUN issue-2711 266 9 such such ADJ issue-2711 266 10 as as ADP issue-2711 266 11 major major ADJ issue-2711 266 12 international international ADJ issue-2711 266 13 currencies currency NOUN issue-2711 266 14 , , PUNCT issue-2711 266 15 stock stock NOUN issue-2711 266 16 indices index NOUN issue-2711 266 17 , , PUNCT issue-2711 266 18 bonds bond NOUN issue-2711 266 19 and and CCONJ issue-2711 266 20 real real ADJ issue-2711 266 21 estate estate NOUN issue-2711 266 22 figure figure NOUN issue-2711 266 23 2 2 NUM issue-2711 266 24 . . PUNCT issue-2711 266 25 according accord VERB issue-2711 266 26 to to ADP issue-2711 266 27 fabio fabio PROPN issue-2711 266 28 panetta panetta PROPN issue-2711 266 29 , , PUNCT issue-2711 266 30 a a DET issue-2711 266 31 member member NOUN issue-2711 266 32 of of ADP issue-2711 266 33 the the DET issue-2711 266 34 ecb ecb NOUN issue-2711 266 35 's 's PART issue-2711 266 36 executive executive PROPN issue-2711 266 37 board board NOUN issue-2711 266 38 , , PUNCT issue-2711 266 39 only only ADV issue-2711 266 40 central central ADJ issue-2711 266 41 bank bank NOUN issue-2711 266 42 money money NOUN issue-2711 266 43 can can AUX issue-2711 266 44 provide provide VERB issue-2711 266 45 an an DET issue-2711 266 46 anchor anchor NOUN issue-2711 266 47 of of ADP issue-2711 266 48 stability stability NOUN issue-2711 266 49 in in ADP issue-2711 266 50 the the DET issue-2711 266 51 face face NOUN issue-2711 266 52 of of ADP issue-2711 266 53 such such ADJ issue-2711 266 54 diversity diversity NOUN issue-2711 266 55 and and CCONJ issue-2711 266 56 types type NOUN issue-2711 266 57 of of ADP issue-2711 266 58 money money NOUN issue-2711 266 59 . . PUNCT issue-2711 267 1 the the DET issue-2711 267 2 solution solution NOUN issue-2711 267 3 is be AUX issue-2711 267 4 to to PART issue-2711 267 5 extend extend VERB issue-2711 267 6 the the DET issue-2711 267 7 modern modern ADJ issue-2711 267 8 two two NUM issue-2711 267 9 - - PUNCT issue-2711 267 10 tier tier NOUN issue-2711 267 11 monetary monetary ADJ issue-2711 267 12 system system NOUN issue-2711 267 13 to to ADP issue-2711 267 14 the the DET issue-2711 267 15 digital digital ADJ issue-2711 267 16 age age NOUN issue-2711 267 17 ( ( PUNCT issue-2711 267 18 panetta panetta NOUN issue-2711 267 19 , , PUNCT issue-2711 267 20 2022 2022 NUM issue-2711 267 21 ) ) PUNCT issue-2711 267 22 . . PUNCT issue-2711 268 1 it it PRON issue-2711 268 2 is be AUX issue-2711 268 3 clear clear ADJ issue-2711 268 4 that that SCONJ issue-2711 268 5 there there PRON issue-2711 268 6 is be VERB issue-2711 268 7 a a DET issue-2711 268 8 deep deep ADJ issue-2711 268 9 contradiction contradiction NOUN issue-2711 268 10 between between ADP issue-2711 268 11 the the DET issue-2711 268 12 state state NOUN issue-2711 268 13 and and CCONJ issue-2711 268 14 private private ADJ issue-2711 268 15 digital digital ADJ issue-2711 268 16 platforms platform NOUN issue-2711 268 17 . . PUNCT issue-2711 269 1 the the DET issue-2711 269 2 issuance issuance NOUN issue-2711 269 3 of of ADP issue-2711 269 4 cbdcs cbdc NOUN issue-2711 269 5 will will AUX issue-2711 269 6 allow allow VERB issue-2711 269 7 the the DET issue-2711 269 8 state state NOUN issue-2711 269 9 to to PART issue-2711 269 10 transfer transfer VERB issue-2711 269 11 and and CCONJ issue-2711 269 12 store store VERB issue-2711 269 13 citizens citizen NOUN issue-2711 269 14 ' ' PART issue-2711 269 15 funds fund NOUN issue-2711 269 16 in in ADP issue-2711 269 17 a a DET issue-2711 269 18 less less ADV issue-2711 269 19 risky risky ADJ issue-2711 269 20 , , PUNCT issue-2711 269 21 cheaper cheap ADJ issue-2711 269 22 and and CCONJ issue-2711 269 23 safer safe ADJ issue-2711 269 24 way way NOUN issue-2711 269 25 , , PUNCT issue-2711 269 26 using use VERB issue-2711 269 27 the the DET issue-2711 269 28 authority authority NOUN issue-2711 269 29 and and CCONJ issue-2711 269 30 legal legal ADJ issue-2711 269 31 capacity capacity NOUN issue-2711 269 32 of of ADP issue-2711 269 33 central central ADJ issue-2711 269 34 banks bank NOUN issue-2711 269 35 , , PUNCT issue-2711 269 36 in in ADP issue-2711 269 37 most most ADJ issue-2711 269 38 cases case NOUN issue-2711 269 39 without without ADP issue-2711 269 40 intermediaries intermediary NOUN issue-2711 269 41 in in ADP issue-2711 269 42 the the DET issue-2711 269 43 form form NOUN issue-2711 269 44 of of ADP issue-2711 269 45 commercial commercial ADJ issue-2711 269 46 banks bank NOUN issue-2711 269 47 . . PUNCT issue-2711 270 1 when when SCONJ issue-2711 270 2 fiat fiat ADJ issue-2711 270 3 money money NOUN issue-2711 270 4 is be AUX issue-2711 270 5 exchanged exchange VERB issue-2711 270 6 for for ADP issue-2711 270 7 government government NOUN issue-2711 270 8 digital digital ADJ issue-2711 270 9 money money NOUN issue-2711 270 10 , , PUNCT issue-2711 270 11 the the DET issue-2711 270 12 entire entire ADJ issue-2711 270 13 process process NOUN issue-2711 270 14 will will AUX issue-2711 270 15 be be AUX issue-2711 270 16 under under ADP issue-2711 270 17 government government NOUN issue-2711 270 18 control control NOUN issue-2711 270 19 , , PUNCT issue-2711 270 20 using use VERB issue-2711 270 21 dlt dlt PROPN issue-2711 270 22 platforms platform NOUN issue-2711 270 23 created create VERB issue-2711 270 24 for for ADP issue-2711 270 25 international international ADJ issue-2711 270 26 settlements settlement NOUN issue-2711 270 27 in in ADP issue-2711 270 28 different different ADJ issue-2711 270 29 national national ADJ issue-2711 270 30 cryptocurrencies cryptocurrencie NOUN issue-2711 270 31 , , PUNCT issue-2711 270 32 as as ADV issue-2711 270 33 well well ADV issue-2711 270 34 as as ADP issue-2711 270 35 the the DET issue-2711 270 36 possibility possibility NOUN issue-2711 270 37 of of ADP issue-2711 270 38 control control NOUN issue-2711 270 39 and and CCONJ issue-2711 270 40 audit audit NOUN issue-2711 270 41 in in ADP issue-2711 270 42 the the DET issue-2711 270 43 defi defi NOUN issue-2711 270 44 sphere sphere ADV issue-2711 270 45 , , PUNCT issue-2711 270 46 as as SCONJ issue-2711 270 47 this this DET issue-2711 270 48 sphere sphere NOUN issue-2711 270 49 will will AUX issue-2711 270 50 be be AUX issue-2711 270 51 interested interested ADJ issue-2711 270 52 in in ADP issue-2711 270 53 using use VERB issue-2711 270 54 cbdcs cbdc NOUN issue-2711 270 55 , , PUNCT issue-2711 270 56 as as SCONJ issue-2711 270 57 it it PRON issue-2711 270 58 is be AUX issue-2711 270 59 now now ADV issue-2711 270 60 , , PUNCT issue-2711 270 61 when when SCONJ issue-2711 270 62 cryptocurrency cryptocurrency NOUN issue-2711 270 63 owners owner NOUN issue-2711 270 64 see see VERB issue-2711 270 65 the the DET issue-2711 270 66 ultimate ultimate ADJ issue-2711 270 67 goal goal NOUN issue-2711 270 68 of of ADP issue-2711 270 69 their their PRON issue-2711 270 70 manipulations manipulation NOUN issue-2711 270 71 as as ADP issue-2711 270 72 the the DET issue-2711 270 73 acquisition acquisition NOUN issue-2711 270 74 of of ADP issue-2711 270 75 fiat fiat ADJ issue-2711 270 76 currency currency NOUN issue-2711 270 77 . . PUNCT issue-2711 271 1 one one PRON issue-2711 271 2 can can AUX issue-2711 271 3 also also ADV issue-2711 271 4 fight fight VERB issue-2711 271 5 inflation inflation NOUN issue-2711 271 6 by by ADP issue-2711 271 7 issuing issue VERB issue-2711 271 8 cbdcs cbdc NOUN issue-2711 271 9 with with ADP issue-2711 271 10 maturities maturity NOUN issue-2711 271 11 ( ( PUNCT issue-2711 271 12 bank bank NOUN issue-2711 271 13 of of ADP issue-2711 271 14 canada canada PROPN issue-2711 271 15 , , PUNCT issue-2711 271 16 2021 2021 NUM issue-2711 271 17 ) ) PUNCT issue-2711 271 18 . . PUNCT issue-2711 272 1 this this DET issue-2711 272 2 phenomenon phenomenon NOUN issue-2711 272 3 constitutes constitute VERB issue-2711 272 4 a a DET issue-2711 272 5 formidable formidable ADJ issue-2711 272 6 challenge challenge NOUN issue-2711 272 7 to to ADP issue-2711 272 8 the the DET issue-2711 272 9 prevailing prevail VERB issue-2711 272 10 system system NOUN issue-2711 272 11 of of ADP issue-2711 272 12 private private ADJ issue-2711 272 13 cryptocurrency cryptocurrency NOUN issue-2711 272 14 circulation circulation NOUN issue-2711 272 15 . . PUNCT issue-2711 273 1 it it PRON issue-2711 273 2 is be AUX issue-2711 273 3 imperative imperative ADJ issue-2711 273 4 to to PART issue-2711 273 5 ascertain ascertain VERB issue-2711 273 6 the the DET issue-2711 273 7 extent extent NOUN issue-2711 273 8 of of ADP issue-2711 273 9 central central ADJ issue-2711 273 10 banks bank NOUN issue-2711 273 11 ' ' PART issue-2711 273 12 authority authority NOUN issue-2711 273 13 over over ADP issue-2711 273 14 individuals individual NOUN issue-2711 273 15 ' ' PART issue-2711 273 16 private private ADJ issue-2711 273 17 lives life NOUN issue-2711 273 18 . . PUNCT issue-2711 274 1 for for ADP issue-2711 274 2 instance instance NOUN issue-2711 274 3 , , PUNCT issue-2711 274 4 the the DET issue-2711 274 5 ecb ecb NOUN issue-2711 274 6 recognises recognise VERB issue-2711 274 7 that that SCONJ issue-2711 274 8 the the DET issue-2711 274 9 introduction introduction NOUN issue-2711 274 10 of of ADP issue-2711 274 11 cbdc cbdc NOUN issue-2711 274 12 may may AUX issue-2711 274 13 precipitate precipitate VERB issue-2711 274 14 financial financial ADJ issue-2711 274 15 instability instability NOUN issue-2711 274 16 within within ADP issue-2711 274 17 commercial commercial ADJ issue-2711 274 18 banks bank NOUN issue-2711 274 19 , , PUNCT issue-2711 274 20 as as SCONJ issue-2711 274 21 they they PRON issue-2711 274 22 compete compete VERB issue-2711 274 23 with with ADP issue-2711 274 24 the the DET issue-2711 274 25 central central ADJ issue-2711 274 26 bank bank NOUN issue-2711 274 27 for for ADP issue-2711 274 28 deposits deposit NOUN issue-2711 274 29 and and CCONJ issue-2711 274 30 transactional transactional ADJ issue-2711 274 31 fees fee NOUN issue-2711 274 32 . . PUNCT issue-2711 275 1 this this PRON issue-2711 275 2 could could AUX issue-2711 275 3 potentially potentially ADV issue-2711 275 4 result result VERB issue-2711 275 5 in in ADP issue-2711 275 6 a a DET issue-2711 275 7 significant significant ADJ issue-2711 275 8 withdrawal withdrawal NOUN issue-2711 275 9 of of ADP issue-2711 275 10 funds fund NOUN issue-2711 275 11 from from ADP issue-2711 275 12 intermediary intermediary ADJ issue-2711 275 13 banks bank NOUN issue-2711 275 14 ( ( PUNCT issue-2711 275 15 ecb ecb NOUN issue-2711 275 16 , , PUNCT issue-2711 275 17 2023 2023 NUM issue-2711 275 18 ) ) PUNCT issue-2711 275 19 . . PUNCT issue-2711 276 1 the the DET issue-2711 276 2 ecb ecb PROPN issue-2711 276 3 is be AUX issue-2711 276 4 currently currently ADV issue-2711 276 5 contemplating contemplate VERB issue-2711 276 6 the the DET issue-2711 276 7 potential potential ADJ issue-2711 276 8 augmentation augmentation NOUN issue-2711 276 9 of of ADP issue-2711 276 10 figure figure NOUN issue-2711 276 11 2 2 NUM issue-2711 276 12 . . PUNCT issue-2711 276 13 bitcoin bitcoin PROPN issue-2711 276 14 and and CCONJ issue-2711 276 15 stock stock NOUN issue-2711 276 16 market market NOUN issue-2711 276 17 indicies indicie NOUN issue-2711 276 18 source source NOUN issue-2711 276 19 : : PUNCT issue-2711 276 20 ( ( PUNCT issue-2711 276 21 taylor taylor PROPN issue-2711 276 22 & & CCONJ issue-2711 276 23 francis francis PROPN issue-2711 276 24 online online PROPN issue-2711 276 25 , , PUNCT issue-2711 276 26 2024 2024 NUM issue-2711 276 27 ) ) PUNCT issue-2711 276 28     SPACE issue-2711 276 29 baltic baltic ADJ issue-2711 276 30 journal journal NOUN issue-2711 276 31 of of ADP issue-2711 276 32 economic economic ADJ issue-2711 276 33 studies study NOUN issue-2711 276 34 18 18 NUM issue-2711 276 35 vol vol NOUN issue-2711 276 36 . . PROPN issue-2711 277 1 11 11 NUM issue-2711 278 1 no no NOUN issue-2711 278 2 . . NOUN issue-2711 278 3 1 1 NUM issue-2711 278 4 , , PUNCT issue-2711 278 5 2025 2025 NUM issue-2711 278 6 deposit deposit NOUN issue-2711 278 7 accounts account NOUN issue-2711 278 8 from from ADP issue-2711 278 9 10 10 NUM issue-2711 278 10 thousand thousand NUM issue-2711 278 11 to to PART issue-2711 278 12 300 300 NUM issue-2711 278 13 - - SYM issue-2711 278 14 500 500 NUM issue-2711 278 15 million million NUM issue-2711 278 16 , , PUNCT issue-2711 278 17 a a DET issue-2711 278 18 development development NOUN issue-2711 278 19 that that PRON issue-2711 278 20 would would AUX issue-2711 278 21 enable enable VERB issue-2711 278 22 eurozone eurozone NOUN issue-2711 278 23 residents resident NOUN issue-2711 278 24 to to PART issue-2711 278 25 hold hold VERB issue-2711 278 26 accounts account NOUN issue-2711 278 27 directly directly ADV issue-2711 278 28 with with ADP issue-2711 278 29 the the DET issue-2711 278 30 ecb ecb NOUN issue-2711 278 31 itself itself PRON issue-2711 278 32 , , PUNCT issue-2711 278 33 bypassing bypass VERB issue-2711 278 34 commercial commercial ADJ issue-2711 278 35 banks bank NOUN issue-2711 278 36 ( ( PUNCT issue-2711 278 37 ecb ecb NOUN issue-2711 278 38 , , PUNCT issue-2711 278 39 2020 2020 NUM issue-2711 278 40 ) ) PUNCT issue-2711 278 41 . . PUNCT issue-2711 279 1 4 4 X issue-2711 279 2 . . X issue-2711 279 3 discussion discussion NOUN issue-2711 279 4 in in ADP issue-2711 279 5 this this DET issue-2711 279 6 article article NOUN issue-2711 279 7 , , PUNCT issue-2711 279 8 the the DET issue-2711 279 9 potential potential NOUN issue-2711 279 10 for for ADP issue-2711 279 11 big big ADJ issue-2711 279 12 data datum NOUN issue-2711 279 13 companies company NOUN issue-2711 279 14 to to PART issue-2711 279 15 exert exert VERB issue-2711 279 16 undue undue ADJ issue-2711 279 17 influence influence NOUN issue-2711 279 18 over over ADP issue-2711 279 19 governments government NOUN issue-2711 279 20 and and CCONJ issue-2711 279 21 states state NOUN issue-2711 279 22 , , PUNCT issue-2711 279 23 either either CCONJ issue-2711 279 24 through through ADP issue-2711 279 25 the the DET issue-2711 279 26 threat threat NOUN issue-2711 279 27 of of ADP issue-2711 279 28 blackmail blackmail NOUN issue-2711 279 29 or or CCONJ issue-2711 279 30 the the DET issue-2711 279 31 facilitation facilitation NOUN issue-2711 279 32 of of ADP issue-2711 279 33 mutually mutually ADV issue-2711 279 34 beneficial beneficial ADJ issue-2711 279 35 co co NOUN issue-2711 279 36 - - NOUN issue-2711 279 37 operation operation NOUN issue-2711 279 38 , , PUNCT issue-2711 279 39 has have AUX issue-2711 279 40 been be AUX issue-2711 279 41 demonstrated demonstrate VERB issue-2711 279 42 . . PUNCT issue-2711 280 1 this this DET issue-2711 280 2 symbiosis symbiosis NOUN issue-2711 280 3 was be AUX issue-2711 280 4 well well ADV issue-2711 280 5 reflected reflect VERB issue-2711 280 6 by by ADP issue-2711 280 7 the the DET issue-2711 280 8 eminent eminent ADJ issue-2711 280 9 american american ADJ issue-2711 280 10 economist economist NOUN issue-2711 280 11 , , PUNCT issue-2711 280 12 analyst analyst NOUN issue-2711 280 13 and and CCONJ issue-2711 280 14 journalist journalist NOUN issue-2711 280 15 michael michael PROPN issue-2711 280 16 hudson hudson PROPN issue-2711 280 17 in in ADP issue-2711 280 18 his his PRON issue-2711 280 19 seminal seminal ADJ issue-2711 280 20 book book NOUN issue-2711 280 21 " " PUNCT issue-2711 280 22 killing kill VERB issue-2711 280 23 the the DET issue-2711 280 24 host host NOUN issue-2711 280 25 : : PUNCT issue-2711 280 26 how how SCONJ issue-2711 280 27 financial financial ADJ issue-2711 280 28 parasites parasite NOUN issue-2711 280 29 and and CCONJ issue-2711 280 30 debt debt NOUN issue-2711 280 31 bondage bondage NOUN issue-2711 280 32 destroy destroy VERB issue-2711 280 33 the the DET issue-2711 280 34 global global ADJ issue-2711 280 35 economy economy NOUN issue-2711 280 36 " " PUNCT issue-2711 280 37 , , PUNCT issue-2711 280 38 where where SCONJ issue-2711 280 39 he he PRON issue-2711 280 40 draws draw VERB issue-2711 280 41 attention attention NOUN issue-2711 280 42 to to ADP issue-2711 280 43 the the DET issue-2711 280 44 fact fact NOUN issue-2711 280 45 that that SCONJ issue-2711 280 46 the the DET issue-2711 280 47 generally generally ADV issue-2711 280 48 accepted accept VERB issue-2711 280 49 mainstream mainstream NOUN issue-2711 280 50 economy economy NOUN issue-2711 280 51 , , PUNCT issue-2711 280 52 decorated decorate VERB issue-2711 280 53 with with ADP issue-2711 280 54 complex complex ADJ issue-2711 280 55 mathematics mathematic NOUN issue-2711 280 56 , , PUNCT issue-2711 280 57 as as SCONJ issue-2711 280 58 if if SCONJ issue-2711 280 59 it it PRON issue-2711 280 60 were be AUX issue-2711 280 61 an an DET issue-2711 280 62 objective objective ADJ issue-2711 280 63 natural natural ADJ issue-2711 280 64 science science NOUN issue-2711 280 65 , , PUNCT issue-2711 280 66 has have AUX issue-2711 280 67 become become VERB issue-2711 280 68 a a DET issue-2711 280 69 lobbying lobbying NOUN issue-2711 280 70 attempt attempt NOUN issue-2711 280 71 to to PART issue-2711 280 72 eliminate eliminate VERB issue-2711 280 73 state state NOUN issue-2711 280 74 power power NOUN issue-2711 280 75 in in ADP issue-2711 280 76 the the DET issue-2711 280 77 field field NOUN issue-2711 280 78 of of ADP issue-2711 280 79 regulation regulation NOUN issue-2711 280 80 and and CCONJ issue-2711 280 81 taxation taxation NOUN issue-2711 280 82 of of ADP issue-2711 280 83 rentiers rentier NOUN issue-2711 280 84 ( ( PUNCT issue-2711 280 85 hudson hudson PROPN issue-2711 280 86 m m PROPN issue-2711 280 87 , , PUNCT issue-2711 280 88 2015 2015 NUM issue-2711 280 89 ) ) PUNCT issue-2711 280 90 . . PUNCT issue-2711 281 1 in in ADP issue-2711 281 2 his his PRON issue-2711 281 3 view view NOUN issue-2711 281 4 , , PUNCT issue-2711 281 5 well well ADV issue-2711 281 6 - - PUNCT issue-2711 281 7 paid pay VERB issue-2711 281 8 models model NOUN issue-2711 281 9 promote promote VERB issue-2711 281 10 the the DET issue-2711 281 11 justification justification NOUN issue-2711 281 12 of of ADP issue-2711 281 13 " " PUNCT issue-2711 281 14 trickle trickle VERB issue-2711 281 15 - - PUNCT issue-2711 281 16 down down ADP issue-2711 281 17 wealth wealth NOUN issue-2711 281 18 " " PUNCT issue-2711 281 19 as as ADP issue-2711 281 20 the the DET issue-2711 281 21 status status NOUN issue-2711 281 22 quo quo NOUN issue-2711 281 23 , , PUNCT issue-2711 281 24 as as SCONJ issue-2711 281 25 if if SCONJ issue-2711 281 26 it it PRON issue-2711 281 27 were be AUX issue-2711 281 28 generated generate VERB issue-2711 281 29 by by ADP issue-2711 281 30 immutable immutable ADJ issue-2711 281 31 economic economic ADJ issue-2711 281 32 laws law NOUN issue-2711 281 33 . . PUNCT issue-2711 282 1 is be AUX issue-2711 282 2 this this PRON issue-2711 282 3 not not PART issue-2711 282 4 the the DET issue-2711 282 5 source source NOUN issue-2711 282 6 of of ADP issue-2711 282 7 the the DET issue-2711 282 8 esg esg PROPN issue-2711 282 9 methods method NOUN issue-2711 282 10 promoted promote VERB issue-2711 282 11 by by ADP issue-2711 282 12 schwab schwab PROPN issue-2711 282 13 , , PUNCT issue-2711 282 14 the the DET issue-2711 282 15 " " PUNCT issue-2711 282 16 trickle trickle VERB issue-2711 282 17 down down ADP issue-2711 282 18 wealth wealth NOUN issue-2711 282 19 " " PUNCT issue-2711 282 20 of of ADP issue-2711 282 21 global global ADJ issue-2711 282 22 structures structure NOUN issue-2711 282 23 in in ADP issue-2711 282 24 such such DET issue-2711 282 25 an an DET issue-2711 282 26 attractive attractive ADJ issue-2711 282 27 social social ADJ issue-2711 282 28 package package NOUN issue-2711 282 29 ? ? PUNCT issue-2711 283 1 this this PRON issue-2711 283 2 is be AUX issue-2711 283 3 where where SCONJ issue-2711 283 4 the the DET issue-2711 283 5 state state NOUN issue-2711 283 6 often often ADV issue-2711 283 7 depends depend VERB issue-2711 283 8 on on ADP issue-2711 283 9 big big ADJ issue-2711 283 10 data datum NOUN issue-2711 283 11 , , PUNCT issue-2711 283 12 and and CCONJ issue-2711 283 13 this this PRON issue-2711 283 14 is be AUX issue-2711 283 15 where where SCONJ issue-2711 283 16 its its PRON issue-2711 283 17 monopoly monopoly NOUN issue-2711 283 18 position position NOUN issue-2711 283 19 , , PUNCT issue-2711 283 20 which which PRON issue-2711 283 21 has have AUX issue-2711 283 22 been be AUX issue-2711 283 23 developing develop VERB issue-2711 283 24 for for ADP issue-2711 283 25 years year NOUN issue-2711 283 26 , , PUNCT issue-2711 283 27 often often ADV issue-2711 283 28 allows allow VERB issue-2711 283 29 it it PRON issue-2711 283 30 to to PART issue-2711 283 31 dictate dictate VERB issue-2711 283 32 its its PRON issue-2711 283 33 terms term NOUN issue-2711 283 34 and and CCONJ issue-2711 283 35 receive receive VERB issue-2711 283 36 monopoly monopoly NOUN issue-2711 283 37 rents rent NOUN issue-2711 283 38 . . PUNCT issue-2711 284 1 does do AUX issue-2711 284 2 n't not PART issue-2711 284 3 esg esg NOUN issue-2711 284 4 hide hide VERB issue-2711 284 5 the the DET issue-2711 284 6 main main ADJ issue-2711 284 7 beneficiaries beneficiary NOUN issue-2711 284 8 of of ADP issue-2711 284 9 the the DET issue-2711 284 10 upcoming upcoming ADJ issue-2711 284 11 financial financial ADJ issue-2711 284 12 reforms reform NOUN issue-2711 284 13 and and CCONJ issue-2711 284 14 who who PRON issue-2711 284 15 will will AUX issue-2711 284 16 regulate regulate VERB issue-2711 284 17 whom whom PRON issue-2711 284 18 ? ? PUNCT issue-2711 285 1 all all DET issue-2711 285 2 these these DET issue-2711 285 3 state state NOUN issue-2711 285 4 and and CCONJ issue-2711 285 5 private private ADJ issue-2711 285 6 digital digital ADJ issue-2711 285 7 currencies currency NOUN issue-2711 285 8 are be AUX issue-2711 285 9 pumping pump VERB issue-2711 285 10 up up ADP issue-2711 285 11 the the DET issue-2711 285 12 necessary necessary ADJ issue-2711 285 13 assets asset NOUN issue-2711 285 14 for for ADP issue-2711 285 15 the the DET issue-2711 285 16 sixth sixth ADJ issue-2711 285 17 kondratiev kondratiev NOUN issue-2711 285 18 wave wave NOUN issue-2711 285 19 , , PUNCT issue-2711 285 20 plus plus CCONJ issue-2711 285 21 tokenisation tokenisation NOUN issue-2711 285 22 in in ADP issue-2711 285 23 the the DET issue-2711 285 24 form form NOUN issue-2711 285 25 of of ADP issue-2711 285 26 monetisation monetisation NOUN issue-2711 285 27 . . PUNCT issue-2711 286 1 productivity productivity NOUN issue-2711 286 2 is be AUX issue-2711 286 3 practically practically ADV issue-2711 286 4 not not PART issue-2711 286 5 growing grow VERB issue-2711 286 6 and and CCONJ issue-2711 286 7 there there PRON issue-2711 286 8 are be VERB issue-2711 286 9 many many ADJ issue-2711 286 10 reasons reason NOUN issue-2711 286 11 for for ADP issue-2711 286 12 this this PRON issue-2711 286 13 : : PUNCT issue-2711 286 14 difficulties difficulty NOUN issue-2711 286 15 in in ADP issue-2711 286 16 calculation calculation NOUN issue-2711 286 17 , , PUNCT issue-2711 286 18 limits limit NOUN issue-2711 286 19 to to ADP issue-2711 286 20 productivity productivity NOUN issue-2711 286 21 growth growth NOUN issue-2711 286 22 , , PUNCT issue-2711 286 23 no no DET issue-2711 286 24 technological technological ADJ issue-2711 286 25 breakthrough breakthrough NOUN issue-2711 286 26 , , PUNCT issue-2711 286 27 globalisation globalisation NOUN issue-2711 286 28 is be AUX issue-2711 286 29 blurring blur VERB issue-2711 286 30 the the DET issue-2711 286 31 data datum NOUN issue-2711 286 32 on on ADP issue-2711 286 33 national national ADJ issue-2711 286 34 countries country NOUN issue-2711 286 35 , , PUNCT issue-2711 286 36 as as SCONJ issue-2711 286 37 the the DET issue-2711 286 38 main main ADJ issue-2711 286 39 growth growth NOUN issue-2711 286 40 is be AUX issue-2711 286 41 at at ADP issue-2711 286 42 the the DET issue-2711 286 43 level level NOUN issue-2711 286 44 of of ADP issue-2711 286 45 big big ADJ issue-2711 286 46 data datum NOUN issue-2711 286 47 and and CCONJ issue-2711 286 48 corporations corporation NOUN issue-2711 286 49 , , PUNCT issue-2711 286 50 depriving deprive VERB issue-2711 286 51 national national ADJ issue-2711 286 52 states state NOUN issue-2711 286 53 ( ( PUNCT issue-2711 286 54 fig fig NOUN issue-2711 286 55 . . PUNCT issue-2711 287 1 3 3 NUM issue-2711 287 2 - - SYM issue-2711 287 3 5 5 NUM issue-2711 287 4 ) ) PUNCT issue-2711 287 5 . . PUNCT issue-2711 288 1 as as SCONJ issue-2711 288 2 demonstrated demonstrate VERB issue-2711 288 3 in in ADP issue-2711 288 4 figures figure NOUN issue-2711 288 5 3 3 NUM issue-2711 288 6 - - SYM issue-2711 288 7 5 5 NUM issue-2711 288 8 , , PUNCT issue-2711 288 9 there there PRON issue-2711 288 10 has have AUX issue-2711 288 11 been be AUX issue-2711 288 12 a a DET issue-2711 288 13 decline decline NOUN issue-2711 288 14 in in ADP issue-2711 288 15 productivity productivity NOUN issue-2711 288 16 in in ADP issue-2711 288 17 oecd oecd PROPN issue-2711 288 18 , , PUNCT issue-2711 288 19 eu eu PROPN issue-2711 288 20 and and CCONJ issue-2711 288 21 us us PROPN issue-2711 288 22 countries country NOUN issue-2711 288 23 . . PUNCT issue-2711 289 1 in in ADP issue-2711 289 2 2022 2022 NUM issue-2711 289 3 , , PUNCT issue-2711 289 4 their their PRON issue-2711 289 5 productivity productivity NOUN issue-2711 289 6 was be AUX issue-2711 289 7 negative negative ADJ issue-2711 289 8 , , PUNCT issue-2711 289 9 thereby thereby ADV issue-2711 289 10 hindering hinder VERB issue-2711 289 11 the the DET issue-2711 289 12 possibility possibility NOUN issue-2711 289 13 of of ADP issue-2711 289 14 economic economic ADJ issue-2711 289 15 growth growth NOUN issue-2711 289 16 in in ADP issue-2711 289 17 these these DET issue-2711 289 18 countries country NOUN issue-2711 289 19 ( ( PUNCT issue-2711 289 20 see see VERB issue-2711 289 21 table table NOUN issue-2711 289 22 1 1 NUM issue-2711 289 23 ) ) PUNCT issue-2711 289 24 . . PUNCT issue-2711 290 1 figure figure VERB issue-2711 290 2 3 3 NUM issue-2711 290 3 . . PUNCT issue-2711 291 1 oecd oecd PROPN issue-2711 291 2 labour labour PROPN issue-2711 291 3 producativity producativity PROPN issue-2711 291 4 growth growth NOUN issue-2711 291 5 source source NOUN issue-2711 291 6 : : PUNCT issue-2711 291 7 ( ( PUNCT issue-2711 291 8 oecd oecd PROPN issue-2711 291 9 , , PUNCT issue-2711 291 10 2024 2024 NUM issue-2711 291 11 ) ) PUNCT issue-2711 291 12     SPACE issue-2711 291 13 baltic baltic ADJ issue-2711 291 14 journal journal NOUN issue-2711 291 15 of of ADP issue-2711 291 16 economic economic ADJ issue-2711 291 17 studies study NOUN issue-2711 291 18 19 19 NUM issue-2711 291 19 vol vol NOUN issue-2711 291 20 . . PUNCT issue-2711 291 21 11 11 NUM issue-2711 292 1 no no NOUN issue-2711 292 2 . . NOUN issue-2711 292 3 1 1 NUM issue-2711 292 4 , , PUNCT issue-2711 292 5 2025 2025 NUM issue-2711 292 6 as as SCONJ issue-2711 292 7 demonstrated demonstrate VERB issue-2711 292 8 in in ADP issue-2711 292 9 table table NOUN issue-2711 292 10 1 1 NUM issue-2711 292 11 , , PUNCT issue-2711 292 12 there there PRON issue-2711 292 13 was be VERB issue-2711 292 14 a a DET issue-2711 292 15 marginal marginal ADJ issue-2711 292 16 increase increase NOUN issue-2711 292 17 in in ADP issue-2711 292 18 labour labour PROPN issue-2711 292 19 productivity productivity NOUN issue-2711 292 20 in in ADP issue-2711 292 21 china china PROPN issue-2711 292 22 ; ; PUNCT issue-2711 292 23 however however ADV issue-2711 292 24 , , PUNCT issue-2711 292 25 the the DET issue-2711 292 26 remaining remain VERB issue-2711 292 27 countries country NOUN issue-2711 292 28 witnessed witness VERB issue-2711 292 29 a a DET issue-2711 292 30 decline decline NOUN issue-2711 292 31 in in ADP issue-2711 292 32 labour labour ADJ issue-2711 292 33 productivity productivity NOUN issue-2711 292 34 during during ADP issue-2711 292 35 the the DET issue-2711 292 36 2022 2022 NUM issue-2711 292 37 - - SYM issue-2711 292 38 2024 2024 NUM issue-2711 292 39 period period NOUN issue-2711 292 40 . . PUNCT issue-2711 293 1 according accord VERB issue-2711 293 2 to to ADP issue-2711 293 3 the the DET issue-2711 293 4 findings finding NOUN issue-2711 293 5 presented present VERB issue-2711 293 6 in in ADP issue-2711 293 7 table table NOUN issue-2711 293 8 2 2 NUM issue-2711 293 9 , , PUNCT issue-2711 293 10 inflation inflation NOUN issue-2711 293 11 increased increase VERB issue-2711 293 12 across across ADP issue-2711 293 13 all all DET issue-2711 293 14 countries country NOUN issue-2711 293 15 in in ADP issue-2711 293 16 20222023 20222023 NUM issue-2711 293 17 , , PUNCT issue-2711 293 18 despite despite SCONJ issue-2711 293 19 a a DET issue-2711 293 20 decline decline NOUN issue-2711 293 21 in in ADP issue-2711 293 22 productivity productivity NOUN issue-2711 293 23 . . PUNCT issue-2711 294 1 notably notably ADV issue-2711 294 2 , , PUNCT issue-2711 294 3 china china PROPN issue-2711 294 4 exhibited exhibit VERB issue-2711 294 5 a a DET issue-2711 294 6 relatively relatively ADV issue-2711 294 7 stable stable ADJ issue-2711 294 8 inflationary inflationary ADJ issue-2711 294 9 environment environment NOUN issue-2711 294 10 , , PUNCT issue-2711 294 11 characterised characterise VERB issue-2711 294 12 by by ADP issue-2711 294 13 a a DET issue-2711 294 14 low low ADJ issue-2711 294 15 inflation inflation NOUN issue-2711 294 16 rate rate NOUN issue-2711 294 17 . . PUNCT issue-2711 295 1 at at ADP issue-2711 295 2 the the DET issue-2711 295 3 same same ADJ issue-2711 295 4 time time NOUN issue-2711 295 5 , , PUNCT issue-2711 295 6 gdp gdp NOUN issue-2711 295 7 growth growth NOUN issue-2711 295 8 was be AUX issue-2711 295 9 completely completely ADV issue-2711 295 10 insignificant insignificant ADJ issue-2711 295 11 , , PUNCT issue-2711 295 12 and and CCONJ issue-2711 295 13 in in ADP issue-2711 295 14 2020 2020 NUM issue-2711 295 15 - - SYM issue-2711 295 16 2022 2022 NUM issue-2711 295 17 virtually virtually ADV issue-2711 295 18 all all DET issue-2711 295 19 countries country NOUN issue-2711 295 20 experienced experience VERB issue-2711 295 21 a a DET issue-2711 295 22 decline decline NOUN issue-2711 295 23 in in ADP issue-2711 295 24 gdp gdp NOUN issue-2711 295 25 growth growth NOUN issue-2711 295 26 ( ( PUNCT issue-2711 295 27 table table NOUN issue-2711 295 28 3 3 NUM issue-2711 295 29 ) ) PUNCT issue-2711 295 30 , , PUNCT issue-2711 295 31 against against ADP issue-2711 295 32 a a DET issue-2711 295 33 background background NOUN issue-2711 295 34 of of ADP issue-2711 295 35 rising rise VERB issue-2711 295 36 public public ADJ issue-2711 295 37 debt debt NOUN issue-2711 295 38 ( ( PUNCT issue-2711 295 39 figure figure NOUN issue-2711 295 40 6 6 NUM issue-2711 295 41 ) ) PUNCT issue-2711 295 42 . . PUNCT issue-2711 296 1 this this PRON issue-2711 296 2 suggests suggest VERB issue-2711 296 3 that that SCONJ issue-2711 296 4 further further ADJ issue-2711 296 5 economic economic ADJ issue-2711 296 6 growth growth NOUN issue-2711 296 7 requires require VERB issue-2711 296 8 a a DET issue-2711 296 9 new new ADJ issue-2711 296 10 wave wave NOUN issue-2711 296 11 of of ADP issue-2711 296 12 technological technological ADJ issue-2711 296 13 progress progress NOUN issue-2711 296 14 , , PUNCT issue-2711 296 15 which which PRON issue-2711 296 16 can can AUX issue-2711 296 17 be be AUX issue-2711 296 18 ensured ensure VERB issue-2711 296 19 by by ADP issue-2711 296 20 an an DET issue-2711 296 21 excess excess NOUN issue-2711 296 22 of of ADP issue-2711 296 23 " " PUNCT issue-2711 296 24 cheap cheap ADJ issue-2711 296 25 money money NOUN issue-2711 296 26 " " PUNCT issue-2711 296 27 . . PUNCT issue-2711 297 1 figure figure VERB issue-2711 297 2 4 4 NUM issue-2711 297 3 . . PUNCT issue-2711 298 1 european european PROPN issue-2711 298 2 union union PROPN issue-2711 298 3 labour labour PROPN issue-2711 298 4 producativity producativity PROPN issue-2711 298 5 growth growth NOUN issue-2711 298 6 source source NOUN issue-2711 298 7 : : PUNCT issue-2711 298 8 ( ( PUNCT issue-2711 298 9 oecd oecd PROPN issue-2711 298 10 , , PUNCT issue-2711 298 11 2024 2024 NUM issue-2711 298 12 ) ) PUNCT issue-2711 298 13     SPACE issue-2711 298 14 table table NOUN issue-2711 298 15 1 1 NUM issue-2711 298 16 labour labour NOUN issue-2711 298 17 productivity productivity NOUN issue-2711 298 18 growth growth NOUN issue-2711 298 19 in in ADP issue-2711 298 20 some some DET issue-2711 298 21 countries country NOUN issue-2711 298 22 in in ADP issue-2711 298 23 2015 2015 NUM issue-2711 298 24 - - SYM issue-2711 298 25 2024 2024 NUM issue-2711 298 26 countries country NOUN issue-2711 298 27 2015 2015 NUM issue-2711 298 28 2016 2016 NUM issue-2711 298 29 2017 2017 NUM issue-2711 298 30 2018 2018 NUM issue-2711 298 31 2019 2019 NUM issue-2711 298 32 2020 2020 NUM issue-2711 298 33 2021 2021 NUM issue-2711 298 34 2022 2022 NUM issue-2711 298 35 2023 2023 NUM issue-2711 298 36 2024 2024 NUM issue-2711 298 37 ireland ireland NOUN issue-2711 298 38 24.61 24.61 NUM issue-2711 298 39 4.16 4.16 NUM issue-2711 298 40 -0.95 -0.95 NUM issue-2711 298 41 -12.08 -12.08 PROPN issue-2711 298 42 -4.71 -4.71 PROPN issue-2711 298 43 united united PROPN issue-2711 298 44 states states PROPN issue-2711 298 45 2.03 2.03 NUM issue-2711 298 46 -1.84 -1.84 NOUN issue-2711 298 47 -0.89 -0.89 NUM issue-2711 298 48 2.59 2.59 NUM issue-2711 298 49 germany germany NOUN issue-2711 298 50 -9.85 -9.85 NUM issue-2711 298 51 11.59 11.59 NUM issue-2711 298 52 2.13 2.13 NUM issue-2711 298 53 -1.48 -1.48 NUM issue-2711 298 54 -0.01 -0.01 NUM issue-2711 298 55 france france PROPN issue-2711 298 56 0.81 0.81 NUM issue-2711 298 57 0.14 0.14 NUM issue-2711 298 58 0.89 0.89 NUM issue-2711 298 59 0.63 0.63 NUM issue-2711 298 60 0.84 0.84 NUM issue-2711 298 61 -7.39 -7.39 NUM issue-2711 298 62 4.16 4.16 NUM issue-2711 298 63 0.16 0.16 NUM issue-2711 298 64 -0.13 -0.13 NUM issue-2711 298 65 united united PROPN issue-2711 298 66 kingdom kingdom PROPN issue-2711 298 67 -21.24 -21.24 PROPN issue-2711 298 68 26.44 26.44 NUM issue-2711 298 69 8.1 8.1 NUM issue-2711 298 70 -0.76 -0.76 PROPN issue-2711 298 71 -0.41 -0.41 CCONJ issue-2711 298 72 canada canada PROPN issue-2711 298 73 1.41 1.41 NUM issue-2711 298 74 0.13 0.13 NUM issue-2711 298 75 0.32 0.32 NUM issue-2711 298 76 -1.26 -1.26 NUM issue-2711 298 77 china china NOUN issue-2711 298 78 7.08 7.08 NUM issue-2711 298 79 6.95 6.95 NUM issue-2711 298 80 7.21 7.21 NUM issue-2711 298 81 7.14 7.14 NUM issue-2711 298 82 6,42 6,42 NOUN issue-2711 298 83 2.76 2.76 NUM issue-2711 298 84 9.05 9.05 NUM issue-2711 298 85 4.8 4.8 NUM issue-2711 298 86 4.27 4.27 NUM issue-2711 298 87 japan japan PROPN issue-2711 298 88 -8.65 -8.65 ADP issue-2711 298 89 7.71 7.71 NUM issue-2711 298 90 2.14 2.14 NUM issue-2711 298 91 -0.53 -0.53 NOUN issue-2711 298 92 -0.12 -0.12 NUM issue-2711 298 93 latvia latvia PROPN issue-2711 298 94 -7.78 -7.78 PRON issue-2711 298 95 17.06 17.06 NUM issue-2711 298 96 5.13 5.13 NUM issue-2711 298 97 -1.72 -1.72 ADP issue-2711 298 98 0.11 0.11 NUM issue-2711 298 99 lithuania lithuania PROPN issue-2711 298 100 3.5 3.5 NUM issue-2711 298 101 -3.99 -3.99 NOUN issue-2711 298 102 -2.9 -2.9 PROPN issue-2711 298 103 -0.17 -0.17 PROPN issue-2711 298 104 ukraine ukraine PROPN issue-2711 298 105 1.056 1.056 NUM issue-2711 298 106 -0.41 -0.41 NUM issue-2711 298 107 8.67 8.67 NUM issue-2711 298 108 source source NOUN issue-2711 298 109 : : PUNCT issue-2711 298 110 ( ( PUNCT issue-2711 298 111 ceic ceic VERB issue-2711 298 112 , , PUNCT issue-2711 298 113 2025 2025 NUM issue-2711 298 114 ) ) PUNCT issue-2711 298 115 baltic baltic ADJ issue-2711 298 116 journal journal NOUN issue-2711 298 117 of of ADP issue-2711 298 118 economic economic ADJ issue-2711 298 119 studies study NOUN issue-2711 298 120 20 20 NUM issue-2711 298 121 vol vol NOUN issue-2711 298 122 . . PROPN issue-2711 298 123 11 11 NUM issue-2711 298 124 no no NOUN issue-2711 298 125 . . NOUN issue-2711 298 126 1 1 NUM issue-2711 298 127 , , PUNCT issue-2711 298 128 2025 2025 NUM issue-2711 298 129 5 5 NUM issue-2711 298 130 . . PUNCT issue-2711 298 131 conclusions conclusion NOUN issue-2711 298 132 the the DET issue-2711 298 133 processes process NOUN issue-2711 298 134 of of ADP issue-2711 298 135 asset asset NOUN issue-2711 298 136 tokenisation tokenisation NOUN issue-2711 298 137 will will AUX issue-2711 298 138 become become VERB issue-2711 298 139 real real ADJ issue-2711 298 140 processes process NOUN issue-2711 298 141 of of ADP issue-2711 298 142 cheap cheap ADJ issue-2711 298 143 money money NOUN issue-2711 298 144 accumulation accumulation NOUN issue-2711 298 145 , , PUNCT issue-2711 298 146 when when SCONJ issue-2711 298 147 the the DET issue-2711 298 148 monetised monetised ADJ issue-2711 298 149 mass mass NOUN issue-2711 298 150 of of ADP issue-2711 298 151 digital digital ADJ issue-2711 298 152 assets asset NOUN issue-2711 298 153 in in ADP issue-2711 298 154 the the DET issue-2711 298 155 form form NOUN issue-2711 298 156 of of ADP issue-2711 298 157 tokens token NOUN issue-2711 298 158 will will AUX issue-2711 298 159 flood flood VERB issue-2711 298 160 the the DET issue-2711 298 161 markets market NOUN issue-2711 298 162 through through ADP issue-2711 298 163 prepared prepared ADJ issue-2711 298 164 and and CCONJ issue-2711 298 165 adapted adapt VERB issue-2711 298 166 financial financial ADJ issue-2711 298 167 technologies technology NOUN issue-2711 298 168 , , PUNCT issue-2711 298 169 ensuring ensure VERB issue-2711 298 170 the the DET issue-2711 298 171 rise rise NOUN issue-2711 298 172 of of ADP issue-2711 298 173 the the DET issue-2711 298 174 sixth sixth ADJ issue-2711 298 175 kondratiev kondratiev NOUN issue-2711 298 176 wave wave NOUN issue-2711 298 177 . . PUNCT issue-2711 299 1 in in ADP issue-2711 299 2 his his PRON issue-2711 299 3 theoretical theoretical ADJ issue-2711 299 4 model model NOUN issue-2711 299 5 of of ADP issue-2711 299 6 the the DET issue-2711 299 7 development development NOUN issue-2711 299 8 of of ADP issue-2711 299 9 the the DET issue-2711 299 10 phases phase NOUN issue-2711 299 11 of of ADP issue-2711 299 12 the the DET issue-2711 299 13 great great ADJ issue-2711 299 14 cycles cycle NOUN issue-2711 299 15 , , PUNCT issue-2711 299 16 it it PRON issue-2711 299 17 was be AUX issue-2711 299 18 proved prove VERB issue-2711 299 19 that that SCONJ issue-2711 299 20 the the DET issue-2711 299 21 dynamics dynamic NOUN issue-2711 299 22 of of ADP issue-2711 299 23 the the DET issue-2711 299 24 great great ADJ issue-2711 299 25 cycles cycle NOUN issue-2711 299 26 are be AUX issue-2711 299 27 subject subject ADJ issue-2711 299 28 to to ADP issue-2711 299 29 an an DET issue-2711 299 30 internal internal ADJ issue-2711 299 31 pattern pattern NOUN issue-2711 299 32 and and CCONJ issue-2711 299 33 their their PRON issue-2711 299 34 rhythm rhythm NOUN issue-2711 299 35 is be AUX issue-2711 299 36 a a DET issue-2711 299 37 reflection reflection NOUN issue-2711 299 38 of of ADP issue-2711 299 39 the the DET issue-2711 299 40 rhythm rhythm NOUN issue-2711 299 41 in in ADP issue-2711 299 42 the the DET issue-2711 299 43 process process NOUN issue-2711 299 44 of of ADP issue-2711 299 45 expansion expansion NOUN issue-2711 299 46 of of ADP issue-2711 299 47 the the DET issue-2711 299 48 main main ADJ issue-2711 299 49 capital capital NOUN issue-2711 299 50 goods good NOUN issue-2711 299 51 of of ADP issue-2711 299 52 society society NOUN issue-2711 299 53 . . PUNCT issue-2711 300 1 the the DET issue-2711 300 2 process process NOUN issue-2711 300 3 of of ADP issue-2711 300 4 expansion expansion NOUN issue-2711 300 5 is be AUX issue-2711 300 6 characterised characterise VERB issue-2711 300 7 by by ADP issue-2711 300 8 its its PRON issue-2711 300 9 rhythmicity rhythmicity NOUN issue-2711 300 10 , , PUNCT issue-2711 300 11 which which PRON issue-2711 300 12 is be AUX issue-2711 300 13 associated associate VERB issue-2711 300 14 with with ADP issue-2711 300 15 the the DET issue-2711 300 16 accumulation accumulation NOUN issue-2711 300 17 and and CCONJ issue-2711 300 18 investment investment NOUN issue-2711 300 19 of of ADP issue-2711 300 20 capital capital NOUN issue-2711 300 21 . . PUNCT issue-2711 301 1 however however ADV issue-2711 301 2 , , PUNCT issue-2711 301 3 due due ADP issue-2711 301 4 to to ADP issue-2711 301 5 the the DET issue-2711 301 6 presence presence NOUN issue-2711 301 7 of of ADP issue-2711 301 8 specific specific ADJ issue-2711 301 9 conditions condition NOUN issue-2711 301 10 , , PUNCT issue-2711 301 11 it it PRON issue-2711 301 12 can can AUX issue-2711 301 13 not not PART issue-2711 301 14 develop develop VERB issue-2711 301 15 continuously continuously ADV issue-2711 301 16 at at ADP issue-2711 301 17 the the DET issue-2711 301 18     SPACE issue-2711 301 19 figure figure NOUN issue-2711 301 20 5 5 NUM issue-2711 301 21 . . PUNCT issue-2711 301 22 usa usa PROPN issue-2711 301 23 labour labour PROPN issue-2711 301 24 producativity producativity PROPN issue-2711 301 25 growth growth NOUN issue-2711 301 26 source source NOUN issue-2711 301 27 : : PUNCT issue-2711 301 28 ( ( PUNCT issue-2711 301 29 oecd oecd PROPN issue-2711 301 30 , , PUNCT issue-2711 301 31 2024 2024 NUM issue-2711 301 32 ) ) PUNCT issue-2711 301 33 table table NOUN issue-2711 301 34 2 2 NUM issue-2711 301 35 inflation inflation NOUN issue-2711 301 36 rate rate NOUN issue-2711 301 37 of of ADP issue-2711 301 38 some some DET issue-2711 301 39 countries country NOUN issue-2711 301 40 in in ADP issue-2711 301 41 2015 2015 NUM issue-2711 301 42 - - SYM issue-2711 301 43 2024 2024 NUM issue-2711 301 44 ( ( PUNCT issue-2711 301 45 january january PROPN issue-2711 301 46 ) ) PUNCT issue-2711 301 47 , , PUNCT issue-2711 301 48 % % NOUN issue-2711 301 49 countries country NOUN issue-2711 301 50 2015 2015 NUM issue-2711 301 51 2016 2016 NUM issue-2711 301 52 2017 2017 NUM issue-2711 301 53 2018 2018 NUM issue-2711 301 54 2019 2019 NUM issue-2711 301 55 2020 2020 NUM issue-2711 301 56 2021 2021 NUM issue-2711 301 57 2022 2022 NUM issue-2711 301 58 2023 2023 NUM issue-2711 301 59 2024 2024 NUM issue-2711 301 60 ireland ireland PROPN issue-2711 301 61 -0.6 -0.6 NOUN issue-2711 301 62 0.1 0.1 NUM issue-2711 301 63 0.3 0.3 NUM issue-2711 301 64 0.2 0.2 NUM issue-2711 301 65 0.7 0.7 NUM issue-2711 301 66 1.3 1.3 NUM issue-2711 301 67 -0.2 -0.2 NUM issue-2711 301 68 5 5 NUM issue-2711 301 69 7.8 7.8 NUM issue-2711 301 70 1 1 NUM issue-2711 301 71 united united PROPN issue-2711 301 72 states states PROPN issue-2711 301 73 -0.1 -0.1 PROPN issue-2711 301 74 1.4 1.4 NUM issue-2711 301 75 2.5 2.5 NUM issue-2711 301 76 2.1 2.1 NUM issue-2711 301 77 1.6 1.6 NUM issue-2711 301 78 2.5 2.5 NUM issue-2711 301 79 1.4 1.4 NUM issue-2711 301 80 7.5 7.5 NUM issue-2711 301 81 6.4 6.4 NUM issue-2711 301 82 3.1 3.1 NUM issue-2711 301 83 germany germany PROPN issue-2711 301 84 -0.2 -0.2 PROPN issue-2711 301 85 0.5 0.5 NUM issue-2711 301 86 1.6 1.6 NUM issue-2711 301 87 1.4 1.4 NUM issue-2711 301 88 1.3 1.3 NUM issue-2711 301 89 2.1 2.1 NUM issue-2711 301 90 1.2 1.2 NUM issue-2711 301 91 4.2 4.2 NUM issue-2711 301 92 8.7 8.7 NUM issue-2711 301 93 2.2 2.2 NUM issue-2711 301 94 france france PROPN issue-2711 301 95 -0.4 -0.4 NUM issue-2711 301 96 0.2 0.2 NUM issue-2711 301 97 1.3 1.3 NUM issue-2711 301 98 1.3 1.3 NUM issue-2711 301 99 1.2 1.2 NUM issue-2711 301 100 1.5 1.5 NUM issue-2711 301 101 0.6 0.6 NUM issue-2711 301 102 2.9 2.9 NUM issue-2711 301 103 6 6 NUM issue-2711 301 104 1.3 1.3 NUM issue-2711 301 105 united united ADJ issue-2711 301 106 kingdom kingdom PROPN issue-2711 301 107 0.3 0.3 NUM issue-2711 301 108 0.3 0.3 NUM issue-2711 301 109 1.8 1.8 NUM issue-2711 301 110 3 3 NUM issue-2711 301 111 1.8 1.8 NUM issue-2711 301 112 1.8 1.8 NUM issue-2711 301 113 0.7 0.7 NUM issue-2711 301 114 5.5 5.5 NUM issue-2711 301 115 10.1 10.1 NUM issue-2711 301 116 4 4 NUM issue-2711 301 117 canada canada NOUN issue-2711 301 118 1 1 NUM issue-2711 301 119 2 2 NUM issue-2711 301 120 2.1 2.1 NUM issue-2711 301 121 1.7 1.7 NUM issue-2711 301 122 1.4 1.4 NUM issue-2711 301 123 2.4 2.4 NUM issue-2711 301 124 1 1 NUM issue-2711 301 125 5.1 5.1 NUM issue-2711 301 126 5.9 5.9 NUM issue-2711 301 127 2 2 NUM issue-2711 301 128 china china PROPN issue-2711 301 129 0.8 0.8 NUM issue-2711 301 130 1.8 1.8 NUM issue-2711 301 131 2.5 2.5 NUM issue-2711 301 132 1.5 1.5 NUM issue-2711 301 133 1.7 1.7 NUM issue-2711 301 134 5.4 5.4 NUM issue-2711 301 135 -0.3 -0.3 NUM issue-2711 301 136 0.9 0.9 NUM issue-2711 301 137 2.1 2.1 NUM issue-2711 301 138 0.2 0.2 NUM issue-2711 301 139 japan japan PROPN issue-2711 301 140 2.4 2.4 NUM issue-2711 301 141 -0.1 -0.1 NOUN issue-2711 301 142 0.4 0.4 NUM issue-2711 301 143 1.4 1.4 NUM issue-2711 301 144 0.2 0.2 NUM issue-2711 301 145 0.7 0.7 NUM issue-2711 301 146 -0.7 -0.7 NUM issue-2711 301 147 0.5 0.5 NUM issue-2711 301 148 4.3 4.3 NUM issue-2711 301 149 2.2 2.2 NUM issue-2711 301 150 latvia latvia PROPN issue-2711 301 151 -0.4 -0.4 PROPN issue-2711 301 152 -0.3 -0.3 PROPN issue-2711 301 153 2.9 2.9 NUM issue-2711 301 154 2 2 NUM issue-2711 301 155 3 3 NUM issue-2711 301 156 2.2 2.2 NUM issue-2711 301 157 -0.5 -0.5 NUM issue-2711 301 158 8.7 8.7 NUM issue-2711 301 159 21.5 21.5 NUM issue-2711 301 160 0.9 0.9 NUM issue-2711 301 161 lithuania lithuania NOUN issue-2711 301 162 -1.5 -1.5 PUNCT issue-2711 301 163 0.9 0.9 NUM issue-2711 301 164 2.3 2.3 NUM issue-2711 301 165 4 4 NUM issue-2711 301 166 1.7 1.7 NUM issue-2711 301 167 3 3 NUM issue-2711 301 168 0.3 0.3 NUM issue-2711 301 169 12.4 12.4 NUM issue-2711 301 170 20 20 NUM issue-2711 301 171 0.7 0.7 NUM issue-2711 301 172 ukraine ukraine NOUN issue-2711 301 173 28.5 28.5 NUM issue-2711 301 174 40.3 40.3 NUM issue-2711 301 175 12.6 12.6 NUM issue-2711 301 176 14.1 14.1 NUM issue-2711 301 177 9.2 9.2 NUM issue-2711 301 178 3.2 3.2 NUM issue-2711 301 179 6.1 6.1 NUM issue-2711 301 180 10 10 NUM issue-2711 301 181 26 26 NUM issue-2711 301 182 4.7 4.7 NUM issue-2711 301 183 source source NOUN issue-2711 301 184 : : PUNCT issue-2711 301 185 ( ( PUNCT issue-2711 301 186 trading trade VERB issue-2711 301 187 economics economic NOUN issue-2711 301 188 , , PUNCT issue-2711 301 189 2024 2024 NUM issue-2711 301 190 ) ) PUNCT issue-2711 301 191 baltic baltic ADJ issue-2711 301 192 journal journal NOUN issue-2711 301 193 of of ADP issue-2711 301 194 economic economic ADJ issue-2711 301 195 studies study NOUN issue-2711 301 196 21 21 NUM issue-2711 301 197 vol vol NOUN issue-2711 301 198 . . PUNCT issue-2711 302 1 11 11 NUM issue-2711 303 1 no no NOUN issue-2711 303 2 . . NOUN issue-2711 303 3 1 1 NUM issue-2711 303 4 , , PUNCT issue-2711 303 5 2025 2025 NUM issue-2711 303 6 same same ADJ issue-2711 303 7 pace pace NOUN issue-2711 303 8 . . PUNCT issue-2711 304 1 the the DET issue-2711 304 2 occurrence occurrence NOUN issue-2711 304 3 of of ADP issue-2711 304 4 large large ADJ issue-2711 304 5 cycles cycle NOUN issue-2711 304 6 is be AUX issue-2711 304 7 regarded regard VERB issue-2711 304 8 as as ADP issue-2711 304 9 a a DET issue-2711 304 10 violation violation NOUN issue-2711 304 11 and and CCONJ issue-2711 304 12 restoration restoration NOUN issue-2711 304 13 of of ADP issue-2711 304 14 economic economic ADJ issue-2711 304 15 equilibrium equilibrium NOUN issue-2711 304 16 over over ADP issue-2711 304 17 a a DET issue-2711 304 18 prolonged prolonged ADJ issue-2711 304 19 period period NOUN issue-2711 304 20 . . PUNCT issue-2711 305 1 the the DET issue-2711 305 2 primary primary ADJ issue-2711 305 3 cause cause NOUN issue-2711 305 4 of of ADP issue-2711 305 5 these these DET issue-2711 305 6 cycles cycle NOUN issue-2711 305 7 is be AUX issue-2711 305 8 attributed attribute VERB issue-2711 305 9 to to ADP issue-2711 305 10 the the DET issue-2711 305 11 mechanism mechanism NOUN issue-2711 305 12 of of ADP issue-2711 305 13 accumulation accumulation NOUN issue-2711 305 14 , , PUNCT issue-2711 305 15 dispersion dispersion NOUN issue-2711 305 16 of of ADP issue-2711 305 17 capital capital NOUN issue-2711 305 18 , , PUNCT issue-2711 305 19 and and CCONJ issue-2711 305 20 the the DET issue-2711 305 21 creation creation NOUN issue-2711 305 22 of of ADP issue-2711 305 23 new new ADJ issue-2711 305 24 productive productive ADJ issue-2711 305 25 forces force NOUN issue-2711 305 26 . . PUNCT issue-2711 306 1 the the DET issue-2711 306 2 effect effect NOUN issue-2711 306 3 of of ADP issue-2711 306 4 this this DET issue-2711 306 5 primary primary ADJ issue-2711 306 6 cause cause NOUN issue-2711 306 7 is be AUX issue-2711 306 8 further far ADV issue-2711 306 9 enhanced enhance VERB issue-2711 306 10 by by ADP issue-2711 306 11 the the DET issue-2711 306 12 action action NOUN issue-2711 306 13 of of ADP issue-2711 306 14 secondary secondary ADJ issue-2711 306 15 factors factor NOUN issue-2711 306 16 . . PUNCT issue-2711 307 1 it it PRON issue-2711 307 2 is be AUX issue-2711 307 3 evident evident ADJ issue-2711 307 4 that that SCONJ issue-2711 307 5 acknowledging acknowledge VERB issue-2711 307 6 this this DET issue-2711 307 7 theoretical theoretical ADJ issue-2711 307 8 legacy legacy NOUN issue-2711 307 9 would would AUX issue-2711 307 10 mark mark VERB issue-2711 307 11 the the DET issue-2711 307 12 commencement commencement NOUN issue-2711 307 13 of of ADP issue-2711 307 14 the the DET issue-2711 307 15 sixth sixth ADJ issue-2711 307 16 wave wave NOUN issue-2711 307 17 , , PUNCT issue-2711 307 18 which which PRON issue-2711 307 19 is be AUX issue-2711 307 20 endeavouring endeavour VERB issue-2711 307 21 to to PART issue-2711 307 22 elevate elevate VERB issue-2711 307 23 the the DET issue-2711 307 24 crest crest NOUN issue-2711 307 25 on on ADP issue-2711 307 26 the the DET issue-2711 307 27 basis basis NOUN issue-2711 307 28 of of ADP issue-2711 307 29 digital digital ADJ issue-2711 307 30 technology technology NOUN issue-2711 307 31 . . PUNCT issue-2711 308 1 it it PRON issue-2711 308 2 is be AUX issue-2711 308 3 imperative imperative ADJ issue-2711 308 4 to to PART issue-2711 308 5 note note VERB issue-2711 308 6 that that SCONJ issue-2711 308 7 digital digital ADJ issue-2711 308 8 technology technology NOUN issue-2711 308 9 has have AUX issue-2711 308 10 not not PART issue-2711 308 11 yet yet ADV issue-2711 308 12 been be AUX issue-2711 308 13 identified identify VERB issue-2711 308 14 as as ADP issue-2711 308 15 a a DET issue-2711 308 16 fundamental fundamental ADJ issue-2711 308 17 discovery discovery NOUN issue-2711 308 18 of of ADP issue-2711 308 19 science science NOUN issue-2711 308 20 , , PUNCT issue-2711 308 21 in in ADP issue-2711 308 22 the the DET issue-2711 308 23 same same ADJ issue-2711 308 24 manner manner NOUN issue-2711 308 25 as as ADP issue-2711 308 26 electric electric ADJ issue-2711 308 27 cars car NOUN issue-2711 308 28 , , PUNCT issue-2711 308 29 satellite satellite NOUN issue-2711 308 30 navigation navigation NOUN issue-2711 308 31 and and CCONJ issue-2711 308 32 table table NOUN issue-2711 308 33 3 3 NUM issue-2711 308 34 gdp gdp NOUN issue-2711 308 35 growth growth NOUN issue-2711 308 36 rate rate NOUN issue-2711 308 37 of of ADP issue-2711 308 38 certain certain ADJ issue-2711 308 39 countries country NOUN issue-2711 308 40 in in ADP issue-2711 308 41 q1 q1 PROPN issue-2711 308 42 2015 2015 NUM issue-2711 308 43 - - SYM issue-2711 308 44 2024 2024 NUM issue-2711 308 45 , , PUNCT issue-2711 308 46 % % NOUN issue-2711 308 47 countries country NOUN issue-2711 308 48 2015 2015 NUM issue-2711 308 49 2016 2016 NUM issue-2711 308 50 2017 2017 NUM issue-2711 308 51 2018 2018 NUM issue-2711 308 52 2019 2019 NUM issue-2711 308 53 2020 2020 NUM issue-2711 308 54 2021 2021 NUM issue-2711 308 55 2022 2022 NUM issue-2711 308 56 2023 2023 NUM issue-2711 308 57 2024 2024 NUM issue-2711 308 58 ireland ireland NOUN issue-2711 308 59 21.5 21.5 NUM issue-2711 308 60 -2.5 -2.5 PROPN issue-2711 308 61 -2.6 -2.6 PROPN issue-2711 308 62 0.6 0.6 NUM issue-2711 308 63 1.2 1.2 NUM issue-2711 308 64 2.9 2.9 NUM issue-2711 308 65 9.9 9.9 NUM issue-2711 308 66 3.6 3.6 NUM issue-2711 308 67 -5.4 -5.4 PROPN issue-2711 308 68 0.9 0.9 NUM issue-2711 308 69 united united PROPN issue-2711 308 70 states states PROPN issue-2711 308 71 3.6 3.6 NUM issue-2711 308 72 2.3 2.3 NUM issue-2711 308 73 2 2 NUM issue-2711 308 74 3.3 3.3 NUM issue-2711 308 75 2.5 2.5 NUM issue-2711 308 76 -5.5 -5.5 SYM issue-2711 308 77 5.6 5.6 NUM issue-2711 308 78 -1 -1 SYM issue-2711 308 79 2.8 2.8 NUM issue-2711 308 80 1.6 1.6 NUM issue-2711 308 81 germany germany PROPN issue-2711 308 82 -0.2 -0.2 PROPN issue-2711 308 83 1 1 NUM issue-2711 308 84 1.2 1.2 NUM issue-2711 308 85 -0.5 -0.5 NUM issue-2711 308 86 0.5 0.5 NUM issue-2711 308 87 -2.2 -2.2 NUM issue-2711 308 88 -1.2 -1.2 NOUN issue-2711 308 89 0.2 0.2 NUM issue-2711 308 90 0.1 0.1 NUM issue-2711 308 91 0.2 0.2 NUM issue-2711 308 92 france france PROPN issue-2711 308 93 0.6 0.6 NUM issue-2711 308 94 0.4 0.4 NUM issue-2711 308 95 0.7 0.7 NUM issue-2711 308 96 -0.1 -0.1 NUM issue-2711 308 97 0.8 0.8 NUM issue-2711 308 98 -5.1 -5.1 PROPN issue-2711 308 99 0.4 0.4 NUM issue-2711 308 100 -0.2 -0.2 NUM issue-2711 308 101 0.1 0.1 NUM issue-2711 308 102 0.2 0.2 NUM issue-2711 308 103 united united ADJ issue-2711 308 104 kingdom kingdom PROPN issue-2711 308 105 0.3 0.3 NUM issue-2711 308 106 0.4 0.4 NUM issue-2711 308 107 0.8 0.8 NUM issue-2711 308 108 0.1 0.1 NUM issue-2711 308 109 0.7 0.7 NUM issue-2711 308 110 -2.7 -2.7 NOUN issue-2711 308 111 -1 -1 NOUN issue-2711 308 112 0.7 0.7 NUM issue-2711 308 113 0.1 0.1 NUM issue-2711 308 114 0.7 0.7 NUM issue-2711 308 115 canada canada PROPN issue-2711 308 116 -0.6 -0.6 X issue-2711 308 117 0.6 0.6 NUM issue-2711 308 118 1.3 1.3 NUM issue-2711 308 119 1.2 1.2 NUM issue-2711 308 120 0.2 0.2 NUM issue-2711 308 121 -1.9 -1.9 NUM issue-2711 308 122 1.7 1.7 NUM issue-2711 308 123 0.9 0.9 NUM issue-2711 308 124 1 1 NUM issue-2711 308 125 0.5 0.5 NUM issue-2711 308 126 china china PROPN issue-2711 308 127 1.9 1.9 NUM issue-2711 308 128 1.4 1.4 NUM issue-2711 308 129 1.8 1.8 NUM issue-2711 308 130 1.8 1.8 NUM issue-2711 308 131 1.6 1.6 NUM issue-2711 308 132 -10.4 -10.4 NUM issue-2711 308 133 0.5 0.5 NUM issue-2711 308 134 0.8 0.8 NUM issue-2711 308 135 2.3 2.3 NUM issue-2711 308 136 1.5 1.5 NUM issue-2711 308 137 japan japan PROPN issue-2711 308 138 1.6 1.6 NUM issue-2711 308 139 0.8 0.8 NUM issue-2711 308 140 0.8 0.8 NUM issue-2711 308 141 0.1 0.1 NUM issue-2711 308 142 0.2 0.2 NUM issue-2711 308 143 0.5 0.5 NUM issue-2711 308 144 0.3 0.3 NUM issue-2711 308 145 -0.5 -0.5 NUM issue-2711 308 146 1.2 1.2 NUM issue-2711 308 147 -0.6 -0.6 X issue-2711 308 148 latvia latvia PROPN issue-2711 308 149 -1.7 -1.7 PROPN issue-2711 308 150 -1.9 -1.9 PROPN issue-2711 308 151 -1.7 -1.7 PROPN issue-2711 308 152 -1.4 -1.4 PROPN issue-2711 308 153 1.3 1.3 NUM issue-2711 308 154 1.4 1.4 NUM issue-2711 308 155 -0.5 -0.5 NUM issue-2711 308 156 -0.9 -0.9 PROPN issue-2711 308 157 0.1 0.1 NUM issue-2711 308 158 -0.4 -0.4 NUM issue-2711 308 159 lithuania lithuania PROPN issue-2711 308 160 0.4 0.4 NUM issue-2711 308 161 0.2 0.2 NUM issue-2711 308 162 1.1 1.1 NUM issue-2711 308 163 1 1 NUM issue-2711 308 164 1.4 1.4 NUM issue-2711 308 165 -0.4 -0.4 NUM issue-2711 308 166 1.8 1.8 NUM issue-2711 308 167 0.4 0.4 NUM issue-2711 308 168 -1.9 -1.9 PROPN issue-2711 308 169 1.1 1.1 NUM issue-2711 308 170 ukraine ukraine NOUN issue-2711 308 171 -3.5 -3.5 ADP issue-2711 308 172 0.5 0.5 NUM issue-2711 308 173 0.1 0.1 NUM issue-2711 308 174 0.9 0.9 NUM issue-2711 308 175 0.3 0.3 NUM issue-2711 308 176 -0.7 -0.7 PROPN issue-2711 308 177 -1.2 -1.2 NOUN issue-2711 308 178 -19.3 -19.3 ADP issue-2711 308 179 2.4 2.4 NUM issue-2711 308 180 1.2 1.2 NUM issue-2711 308 181 source source NOUN issue-2711 308 182 : : PUNCT issue-2711 308 183 ( ( PUNCT issue-2711 308 184 trading trade VERB issue-2711 308 185 economics economic NOUN issue-2711 308 186 , , PUNCT issue-2711 308 187 2025 2025 NUM issue-2711 308 188 ) ) PUNCT issue-2711 308 189 figure figure NOUN issue-2711 308 190 6 6 NUM issue-2711 308 191 . . PUNCT issue-2711 308 192 general general ADJ issue-2711 308 193 govermnmet govermnmet NOUN issue-2711 308 194 debt debt NOUN issue-2711 308 195 , , PUNCT issue-2711 308 196 % % NOUN issue-2711 308 197 of of ADP issue-2711 308 198 gdp gdp PROPN issue-2711 308 199 source source NOUN issue-2711 308 200 : : PUNCT issue-2711 308 201 ( ( PUNCT issue-2711 308 202 imf imf PROPN issue-2711 308 203 , , PUNCT issue-2711 308 204 2023 2023 NUM issue-2711 308 205 ) ) PUNCT issue-2711 308 206 baltic baltic ADJ issue-2711 308 207 journal journal NOUN issue-2711 308 208 of of ADP issue-2711 308 209 economic economic ADJ issue-2711 308 210 studies study NOUN issue-2711 308 211 22 22 NUM issue-2711 308 212 vol vol NOUN issue-2711 308 213 . . PROPN issue-2711 309 1 11 11 NUM issue-2711 310 1 no no NOUN issue-2711 310 2 . . NOUN issue-2711 310 3 1 1 NUM issue-2711 310 4 , , PUNCT issue-2711 310 5 2025 2025 NUM issue-2711 310 6 artificial artificial ADJ issue-2711 310 7 intelligence intelligence NOUN issue-2711 310 8 . . PUNCT issue-2711 311 1 these these DET issue-2711 311 2 technologies technology NOUN issue-2711 311 3 are be AUX issue-2711 311 4 representative representative ADJ issue-2711 311 5 of of ADP issue-2711 311 6 the the DET issue-2711 311 7 fifth fifth ADJ issue-2711 311 8 wave wave NOUN issue-2711 311 9 and and CCONJ issue-2711 311 10 have have AUX issue-2711 311 11 found find VERB issue-2711 311 12 application application NOUN issue-2711 311 13 during during ADP issue-2711 311 14 the the DET issue-2711 311 15 decline decline NOUN issue-2711 311 16 phase phase NOUN issue-2711 311 17 of of ADP issue-2711 311 18 this this DET issue-2711 311 19 wave wave NOUN issue-2711 311 20 . . PUNCT issue-2711 312 1 an an DET issue-2711 312 2 examination examination NOUN issue-2711 312 3 of of ADP issue-2711 312 4 graphs graph NOUN issue-2711 312 5 depicting depict VERB issue-2711 312 6 changes change NOUN issue-2711 312 7 in in ADP issue-2711 312 8 labour labour PROPN issue-2711 312 9 productivity productivity NOUN issue-2711 312 10 reveals reveal VERB issue-2711 312 11 that that SCONJ issue-2711 312 12 over over ADP issue-2711 312 13 the the DET issue-2711 312 14 past past ADJ issue-2711 312 15 two two NUM issue-2711 312 16 decades decade NOUN issue-2711 312 17 , , PUNCT issue-2711 312 18 there there PRON issue-2711 312 19 has have AUX issue-2711 312 20 been be AUX issue-2711 312 21 an an DET issue-2711 312 22 absence absence NOUN issue-2711 312 23 of of ADP issue-2711 312 24 stable stable ADJ issue-2711 312 25 , , PUNCT issue-2711 312 26 sustainable sustainable ADJ issue-2711 312 27 growth growth NOUN issue-2711 312 28 in in ADP issue-2711 312 29 labour labour PROPN issue-2711 312 30 productivity productivity NOUN issue-2711 312 31 . . PUNCT issue-2711 313 1 fur fur NOUN issue-2711 313 2 thermore thermore NOUN issue-2711 313 3 , , PUNCT issue-2711 313 4 there there PRON issue-2711 313 5 has have AUX issue-2711 313 6 been be AUX issue-2711 313 7 a a DET issue-2711 313 8 decline decline NOUN issue-2711 313 9 in in ADP issue-2711 313 10 gdp gdp NOUN issue-2711 313 11 growth growth NOUN issue-2711 313 12 , , PUNCT issue-2711 313 13 which which PRON issue-2711 313 14 has have AUX issue-2711 313 15 remained remain VERB issue-2711 313 16 stagnant stagnant ADJ issue-2711 313 17 in in ADP issue-2711 313 18 recent recent ADJ issue-2711 313 19 years year NOUN issue-2711 313 20 . . PUNCT issue-2711 314 1 the the DET issue-2711 314 2 most most ADV issue-2711 314 3 developed develop VERB issue-2711 314 4 countries country NOUN issue-2711 314 5 are be AUX issue-2711 314 6 experiencing experience VERB issue-2711 314 7 an an DET issue-2711 314 8 increase increase NOUN issue-2711 314 9 in in ADP issue-2711 314 10 public public ADJ issue-2711 314 11 debt debt NOUN issue-2711 314 12 , , PUNCT issue-2711 314 13 as as SCONJ issue-2711 314 14 stagnant stagnant ADJ issue-2711 314 15 labour labour NOUN issue-2711 314 16 productivity productivity NOUN issue-2711 314 17 hinders hinder VERB issue-2711 314 18 the the DET issue-2711 314 19 formation formation NOUN issue-2711 314 20 of of ADP issue-2711 314 21 predictable predictable ADJ issue-2711 314 22 budgets budget NOUN issue-2711 314 23 and and CCONJ issue-2711 314 24 the the DET issue-2711 314 25 repayment repayment NOUN issue-2711 314 26 of of ADP issue-2711 314 27 outstanding outstanding ADJ issue-2711 314 28 debts debt NOUN issue-2711 314 29 . . PUNCT issue-2711 315 1 consequently consequently ADV issue-2711 315 2 , , PUNCT issue-2711 315 3 the the DET issue-2711 315 4 accumulation accumulation NOUN issue-2711 315 5 of of ADP issue-2711 315 6 debt debt NOUN issue-2711 315 7 has have AUX issue-2711 315 8 led lead VERB issue-2711 315 9 to to ADP issue-2711 315 10 an an DET issue-2711 315 11 influx influx NOUN issue-2711 315 12 of of ADP issue-2711 315 13 money money NOUN issue-2711 315 14 into into ADP issue-2711 315 15 the the DET issue-2711 315 16 economy economy NOUN issue-2711 315 17 , , PUNCT issue-2711 315 18 as as SCONJ issue-2711 315 19 evidenced evidence VERB issue-2711 315 20 in in ADP issue-2711 315 21 japan japan PROPN issue-2711 315 22 and and CCONJ issue-2711 315 23 the the DET issue-2711 315 24 usa usa PROPN issue-2711 315 25 . . PUNCT issue-2711 316 1 however however ADV issue-2711 316 2 , , PUNCT issue-2711 316 3 the the DET issue-2711 316 4 implications implication NOUN issue-2711 316 5 of of ADP issue-2711 316 6 this this DET issue-2711 316 7 practice practice NOUN issue-2711 316 8 , , PUNCT issue-2711 316 9 namely namely ADV issue-2711 316 10 the the DET issue-2711 316 11 costliness costliness NOUN issue-2711 316 12 of of ADP issue-2711 316 13 this this DET issue-2711 316 14 form form NOUN issue-2711 316 15 of of ADP issue-2711 316 16 money money NOUN issue-2711 316 17 and and CCONJ issue-2711 316 18 the the DET issue-2711 316 19 necessity necessity NOUN issue-2711 316 20 of of ADP issue-2711 316 21 interest interest NOUN issue-2711 316 22 payments payment NOUN issue-2711 316 23 on on ADP issue-2711 316 24 issued issue VERB issue-2711 316 25 bonds bond NOUN issue-2711 316 26 , , PUNCT issue-2711 316 27 have have AUX issue-2711 316 28 not not PART issue-2711 316 29 been be AUX issue-2711 316 30 sufficiently sufficiently ADV issue-2711 316 31 considered consider VERB issue-2711 316 32 . . PUNCT issue-2711 317 1 this this PRON issue-2711 317 2 imposes impose VERB issue-2711 317 3 an an DET issue-2711 317 4 additional additional ADJ issue-2711 317 5 financial financial ADJ issue-2711 317 6 burden burden NOUN issue-2711 317 7 on on ADP issue-2711 317 8 budgets budget NOUN issue-2711 317 9 . . PUNCT issue-2711 318 1 with with ADP issue-2711 318 2 rising rise VERB issue-2711 318 3 public public ADJ issue-2711 318 4 debt debt NOUN issue-2711 318 5 and and CCONJ issue-2711 318 6 stagnating stagnate VERB issue-2711 318 7 gdp gdp NOUN issue-2711 318 8 growth growth NOUN issue-2711 318 9 , , PUNCT issue-2711 318 10 it it PRON issue-2711 318 11 will will AUX issue-2711 318 12 be be AUX issue-2711 318 13 difficult difficult ADJ issue-2711 318 14 for for SCONJ issue-2711 318 15 the the DET issue-2711 318 16 state state NOUN issue-2711 318 17 to to PART issue-2711 318 18 cope cope VERB issue-2711 318 19 with with ADP issue-2711 318 20 the the DET issue-2711 318 21 influence influence NOUN issue-2711 318 22 of of ADP issue-2711 318 23 big big ADJ issue-2711 318 24 data datum NOUN issue-2711 318 25 , , PUNCT issue-2711 318 26 and and CCONJ issue-2711 318 27 the the DET issue-2711 318 28 managers manager NOUN issue-2711 318 29 of of ADP issue-2711 318 30 such such ADJ issue-2711 318 31 companies company NOUN issue-2711 318 32 can can AUX issue-2711 318 33 have have VERB issue-2711 318 34 a a DET issue-2711 318 35 noticeable noticeable ADJ issue-2711 318 36 influence influence NOUN issue-2711 318 37 on on ADP issue-2711 318 38 the the DET issue-2711 318 39 political political ADJ issue-2711 318 40 system system NOUN issue-2711 318 41 of of ADP issue-2711 318 42 any any DET issue-2711 318 43 country country NOUN issue-2711 318 44 . . PUNCT issue-2711 319 1 author author NOUN issue-2711 319 2 contributions contribution NOUN issue-2711 319 3 : : PUNCT issue-2711 319 4 conceptualisation conceptualisation NOUN issue-2711 319 5 , , PUNCT issue-2711 319 6 j.b j.b PROPN issue-2711 319 7 . . PROPN issue-2711 319 8 and and CCONJ issue-2711 319 9 a.s a.s PROPN issue-2711 319 10 . . PROPN issue-2711 319 11 ; ; PUNCT issue-2711 319 12 methodology methodology NOUN issue-2711 319 13 , , PUNCT issue-2711 319 14 a.s a.s PROPN issue-2711 319 15 . . PROPN issue-2711 319 16 ; ; PUNCT issue-2711 320 1 software software NOUN issue-2711 320 2 , , PUNCT issue-2711 320 3 j.b j.b PROPN issue-2711 320 4 . . PROPN issue-2711 320 5 ; ; PUNCT issue-2711 320 6 validation validation NOUN issue-2711 320 7 , , PUNCT issue-2711 320 8 j.b j.b PROPN issue-2711 320 9 . . PROPN issue-2711 320 10 , , PUNCT issue-2711 320 11 a.s a.s PROPN issue-2711 320 12 . . PROPN issue-2711 320 13 and and CCONJ issue-2711 320 14 s.b s.b PROPN issue-2711 320 15 . . PROPN issue-2711 320 16 ; ; PUNCT issue-2711 320 17 formal formal ADJ issue-2711 320 18 analysis analysis NOUN issue-2711 320 19 , , PUNCT issue-2711 320 20 a.s a.s PROPN issue-2711 320 21 . . PROPN issue-2711 320 22 ; ; PUNCT issue-2711 320 23 investigation investigation NOUN issue-2711 320 24 , , PUNCT issue-2711 320 25 j.b j.b PROPN issue-2711 320 26 . . PROPN issue-2711 320 27 ; ; PUNCT issue-2711 320 28 resources resource NOUN issue-2711 320 29 , , PUNCT issue-2711 320 30 s.b s.b PROPN issue-2711 320 31 . . PROPN issue-2711 320 32 ; ; PUNCT issue-2711 320 33 data datum NOUN issue-2711 320 34 curation curation NOUN issue-2711 320 35 , , PUNCT issue-2711 320 36 s.b s.b PROPN issue-2711 320 37 . . PROPN issue-2711 320 38 ; ; PUNCT issue-2711 320 39 writing write VERB issue-2711 320 40 – – PUNCT issue-2711 320 41 original original ADJ issue-2711 320 42 draft draft NOUN issue-2711 320 43 preparation preparation NOUN issue-2711 320 44 , , PUNCT issue-2711 320 45 a.s a.s PROPN issue-2711 320 46 . . PROPN issue-2711 320 47 ; ; PUNCT issue-2711 320 48 writing write VERB issue-2711 320 49 – – PUNCT issue-2711 320 50 review review NOUN issue-2711 320 51 and and CCONJ issue-2711 320 52 editing editing NOUN issue-2711 320 53 , , PUNCT issue-2711 320 54 j.b j.b PROPN issue-2711 320 55 . . PROPN issue-2711 320 56 ; ; PUNCT issue-2711 320 57 visualisation visualisation NOUN issue-2711 320 58 , , PUNCT issue-2711 320 59 j.b j.b PROPN issue-2711 320 60 . . PROPN issue-2711 320 61 ; ; PUNCT issue-2711 320 62 supervision supervision NOUN issue-2711 320 63 , , PUNCT issue-2711 320 64 j.b j.b PROPN issue-2711 320 65 . . PROPN issue-2711 320 66 ; ; PUNCT issue-2711 320 67 project project NOUN issue-2711 320 68 administration administration NOUN issue-2711 320 69 , , PUNCT issue-2711 320 70 a.s a.s PROPN issue-2711 320 71 . . PROPN issue-2711 320 72 ; ; PUNCT issue-2711 320 73 funding funding NOUN issue-2711 320 74 acquisition acquisition NOUN issue-2711 320 75 , , PUNCT issue-2711 320 76 j.b j.b PROPN issue-2711 320 77 . . PUNCT issue-2711 321 1 all all DET issue-2711 321 2 authors author NOUN issue-2711 321 3 have have AUX issue-2711 321 4 read read VERB issue-2711 321 5 and and CCONJ issue-2711 321 6 agreed agree VERB issue-2711 321 7 to to ADP issue-2711 321 8 the the DET issue-2711 321 9 published publish VERB issue-2711 321 10 version version NOUN issue-2711 321 11 of of ADP issue-2711 321 12 the the DET issue-2711 321 13 manuscript manuscript NOUN issue-2711 321 14 . . PUNCT issue-2711 322 1 references reference NOUN issue-2711 322 2 : : PUNCT issue-2711 322 3 baltgailis baltgailis PROPN issue-2711 322 4 , , PUNCT issue-2711 322 5 j. j. PROPN issue-2711 322 6 , , PUNCT issue-2711 322 7 & & CCONJ issue-2711 322 8 simakhova simakhova PROPN issue-2711 322 9 , , PUNCT issue-2711 322 10 a. a. NOUN issue-2711 322 11 ( ( PUNCT issue-2711 322 12 2022 2022 NUM issue-2711 322 13 ) ) PUNCT issue-2711 322 14 . . PUNCT issue-2711 323 1 the the DET issue-2711 323 2 technological technological ADJ issue-2711 323 3 innovations innovation NOUN issue-2711 323 4 of of ADP issue-2711 323 5 fintech fintech NOUN issue-2711 323 6 companies company NOUN issue-2711 323 7 to to PART issue-2711 323 8 ensure ensure VERB issue-2711 323 9 the the DET issue-2711 323 10 stability stability NOUN issue-2711 323 11 of of ADP issue-2711 323 12 the the DET issue-2711 323 13 financial financial ADJ issue-2711 323 14 system system NOUN issue-2711 323 15 in in ADP issue-2711 323 16 pandemic pandemic ADJ issue-2711 323 17 times time NOUN issue-2711 323 18 . . PUNCT issue-2711 324 1 marketing marketing NOUN issue-2711 324 2 and and CCONJ issue-2711 324 3 management management NOUN issue-2711 324 4 of of ADP issue-2711 324 5 innovations innovation NOUN issue-2711 324 6 , , PUNCT issue-2711 324 7 2 2 NUM issue-2711 324 8 , , PUNCT issue-2711 324 9 55–65 55–65 NUM issue-2711 324 10 . . PUNCT issue-2711 325 1 doi doi NOUN issue-2711 325 2 : : PUNCT issue-2711 325 3 http://doi.org/10.21272/mmi.2022.2-05 http://doi.org/10.21272/mmi.2022.2-05 PROPN issue-2711 325 4 baltgailis baltgailis PROPN issue-2711 325 5 , , PUNCT issue-2711 325 6 j. j. PROPN issue-2711 325 7 , , PUNCT issue-2711 325 8 simakhova simakhova PROPN issue-2711 325 9 , , PUNCT issue-2711 325 10 a. a. PROPN issue-2711 325 11 , , PUNCT issue-2711 325 12 & & CCONJ issue-2711 325 13 buka buka PROPN issue-2711 325 14 , , PUNCT issue-2711 325 15 s. s. PROPN issue-2711 325 16 ( ( PUNCT issue-2711 325 17 2023 2023 NUM issue-2711 325 18 ) ) PUNCT issue-2711 325 19 . . PUNCT issue-2711 326 1 digital digital ADJ issue-2711 326 2 currencies currency NOUN issue-2711 326 3 and and CCONJ issue-2711 326 4 fintech fintech NOUN issue-2711 326 5 innovation innovation NOUN issue-2711 326 6 technologies technology NOUN issue-2711 326 7 for for ADP issue-2711 326 8 economic economic ADJ issue-2711 326 9 growth growth NOUN issue-2711 326 10 . . PUNCT issue-2711 327 1 marketing marketing NOUN issue-2711 327 2 and and CCONJ issue-2711 327 3 management management NOUN issue-2711 327 4 of of ADP issue-2711 327 5 innovations innovation NOUN issue-2711 327 6 , , PUNCT issue-2711 327 7 14(3 14(3 NUM issue-2711 327 8 ) ) PUNCT issue-2711 327 9 , , PUNCT issue-2711 327 10 202–214 202–214 NUM issue-2711 327 11 . . PUNCT issue-2711 328 1 doi doi NOUN issue-2711 328 2 : : PUNCT issue-2711 328 3 https://doi.org/10.21272/ https://doi.org/10.21272/ PROPN issue-2711 328 4 mmi.2023.3 mmi.2023.3 PROPN issue-2711 328 5 - - PUNCT issue-2711 328 6 18 18 NUM issue-2711 328 7 bank bank NOUN issue-2711 328 8 of of ADP issue-2711 328 9 canada canada PROPN issue-2711 328 10 ( ( PUNCT issue-2711 328 11 2021 2021 NUM issue-2711 328 12 ) ) PUNCT issue-2711 328 13 . . PUNCT issue-2711 329 1 expiring expire VERB issue-2711 329 2 central central PROPN issue-2711 329 3 bank bank PROPN issue-2711 329 4 digital digital ADJ issue-2711 329 5 currency currency NOUN issue-2711 329 6 and and CCONJ issue-2711 329 7 loss loss NOUN issue-2711 329 8 recovery recovery NOUN issue-2711 329 9 . . PUNCT issue-2711 330 1 available available ADJ issue-2711 330 2 at at ADP issue-2711 330 3 : : PUNCT issue-2711 330 4 https://www.bankofcanada.ca/wp-content/uploads/2021/12/swp2021-67.pdf https://www.bankofcanada.ca/wp-content/uploads/2021/12/swp2021-67.pdf PROPN issue-2711 330 5 bbc bbc PROPN issue-2711 330 6 ( ( PUNCT issue-2711 330 7 2024 2024 NUM issue-2711 330 8 ) ) PUNCT issue-2711 330 9 . . PUNCT issue-2711 331 1 eu eu PROPN issue-2711 331 2 court court PROPN issue-2711 331 3 rules rule VERB issue-2711 331 4 google google PROPN issue-2711 331 5 must must AUX issue-2711 331 6 pay pay VERB issue-2711 331 7 € € SYM issue-2711 331 8 2.4bn 2.4bn NUM issue-2711 331 9 fine fine NOUN issue-2711 331 10 . . PUNCT issue-2711 332 1 available available ADJ issue-2711 332 2 at at ADP issue-2711 332 3 : : PUNCT issue-2711 332 4 https://www.bbc.com/news/articles/ https://www.bbc.com/news/articles/ PROPN issue-2711 332 5 cjw3e1pn741o cjw3e1pn741o ADP issue-2711 332 6 bbc bbc PROPN issue-2711 332 7 ( ( PUNCT issue-2711 332 8 2025 2025 NUM issue-2711 332 9 ) ) PUNCT issue-2711 332 10 . . PUNCT issue-2711 333 1 openai openai PROPN issue-2711 333 2 says say VERB issue-2711 333 3 chinese chinese ADJ issue-2711 333 4 rivals rival NOUN issue-2711 333 5 using use VERB issue-2711 333 6 its its PRON issue-2711 333 7 work work NOUN issue-2711 333 8 for for ADP issue-2711 333 9 their their PRON issue-2711 333 10 ai ai ADJ issue-2711 333 11 apps app NOUN issue-2711 333 12 . . PUNCT issue-2711 334 1 available available ADJ issue-2711 334 2 at at ADP issue-2711 334 3 : : PUNCT issue-2711 334 4 https://www.bbc.com/ https://www.bbc.com/ ADJ issue-2711 334 5 news news NOUN issue-2711 334 6 / / SYM issue-2711 334 7 articles article NOUN issue-2711 334 8 / / SYM issue-2711 334 9 c9vm1m8wpr9o c9vm1m8wpr9o ADV issue-2711 334 10 bis bis ADJ issue-2711 334 11 ( ( PUNCT issue-2711 334 12 2022 2022 NUM issue-2711 334 13 ) ) PUNCT issue-2711 334 14 . . PUNCT issue-2711 335 1 christine christine PROPN issue-2711 335 2 lagarde lagarde PROPN issue-2711 335 3 : : PUNCT issue-2711 335 4 digital digital PROPN issue-2711 335 5 euro euro PROPN issue-2711 335 6 – – PUNCT issue-2711 335 7 a a DET issue-2711 335 8 common common ADJ issue-2711 335 9 european european ADJ issue-2711 335 10 project project NOUN issue-2711 335 11 . . PUNCT issue-2711 336 1 available available ADJ issue-2711 336 2 at at ADP issue-2711 336 3 : : PUNCT issue-2711 336 4 https://www.bis.org/ https://www.bis.org/ NOUN issue-2711 336 5 review review NOUN issue-2711 336 6 / / SYM issue-2711 336 7 r221108a.htm r221108a.htm NOUN issue-2711 336 8 bis bis ADJ issue-2711 336 9 ( ( PUNCT issue-2711 336 10 2023 2023 NUM issue-2711 336 11 ) ) PUNCT issue-2711 336 12 . . PUNCT issue-2711 337 1 iii iii X issue-2711 337 2 . . PROPN issue-2711 337 3 blueprint blueprint NOUN issue-2711 337 4 for for ADP issue-2711 337 5 the the DET issue-2711 337 6 future future ADJ issue-2711 337 7 monetary monetary ADJ issue-2711 337 8 system system NOUN issue-2711 337 9 : : PUNCT issue-2711 337 10 improving improve VERB issue-2711 337 11 the the DET issue-2711 337 12 old old ADJ issue-2711 337 13 , , PUNCT issue-2711 337 14 enabling enable VERB issue-2711 337 15 the the DET issue-2711 337 16 new new ADJ issue-2711 337 17 . . PUNCT issue-2711 338 1 available available ADJ issue-2711 338 2 at at ADP issue-2711 338 3 : : PUNCT issue-2711 338 4 https://www.bis.org/publ/arpdf/ar2023e3.htm https://www.bis.org/publ/arpdf/ar2023e3.htm PROPN issue-2711 338 5 blackrock blackrock NOUN issue-2711 338 6 ( ( PUNCT issue-2711 338 7 2024 2024 NUM issue-2711 338 8 ) ) PUNCT issue-2711 338 9 . . PUNCT issue-2711 339 1 bitcoin bitcoin NOUN issue-2711 339 2 : : PUNCT issue-2711 339 3 a a DET issue-2711 339 4 unique unique ADJ issue-2711 339 5 diversifier diversifier NOUN issue-2711 339 6 . . PUNCT issue-2711 340 1 available available ADJ issue-2711 340 2 at at ADP issue-2711 340 3 : : PUNCT issue-2711 340 4 https://www.blackrock.com/us/financialprofessionals/insights/bitcoin-unique-diversifier https://www.blackrock.com/us/financialprofessionals/insights/bitcoin-unique-diversifier ADV issue-2711 340 5 ceic ceic ADJ issue-2711 340 6 ( ( PUNCT issue-2711 340 7 2025 2025 NUM issue-2711 340 8 ) ) PUNCT issue-2711 340 9 . . PUNCT issue-2711 341 1 labour labour NOUN issue-2711 341 2 productivity productivity NOUN issue-2711 341 3 growth growth NOUN issue-2711 341 4 . . PUNCT issue-2711 342 1 available available ADJ issue-2711 342 2 at at ADP issue-2711 342 3 : : PUNCT issue-2711 342 4 https://www.ceicdata.com/en/indicator/japan/labourproductivity-growth https://www.ceicdata.com/en/indicator/japan/labourproductivity-growth X issue-2711 342 5 chainalysis chainalysis NOUN issue-2711 342 6 ( ( PUNCT issue-2711 342 7 2024 2024 NUM issue-2711 342 8 ) ) PUNCT issue-2711 342 9 . . PUNCT issue-2711 343 1 the the DET issue-2711 343 2 chainalysis chainalysis NOUN issue-2711 343 3 crypto crypto NOUN issue-2711 343 4 spring spring NOUN issue-2711 343 5 report report NOUN issue-2711 343 6 . . PUNCT issue-2711 344 1 available available ADJ issue-2711 344 2 at at ADP issue-2711 344 3 : : PUNCT issue-2711 344 4 https://www.chainalysis.com/ https://www.chainalysis.com/ NOUN issue-2711 344 5 cnn cnn PROPN issue-2711 344 6 business business NOUN issue-2711 344 7 ( ( PUNCT issue-2711 344 8 2021 2021 NUM issue-2711 344 9 ) ) PUNCT issue-2711 344 10 . . PUNCT issue-2711 345 1 how how SCONJ issue-2711 345 2 facebook facebook PROPN issue-2711 345 3 managed manage VERB issue-2711 345 4 to to PART issue-2711 345 5 ‘ ' PUNCT issue-2711 345 6 unfriend unfriend VERB issue-2711 345 7 ’ ' PUNCT issue-2711 345 8 australia australia PROPN issue-2711 345 9 while while SCONJ issue-2711 345 10 google google PROPN issue-2711 345 11 came come VERB issue-2711 345 12 out out ADP issue-2711 345 13 on on ADP issue-2711 345 14 top top ADJ issue-2711 345 15 . . PUNCT issue-2711 346 1 available available ADJ issue-2711 346 2 at at ADP issue-2711 346 3 : : PUNCT issue-2711 346 4 https://edition.cnn.com/2021/02/18/tech/google-facebook-australia-media-bargaining-intl-hnk/index.html https://edition.cnn.com/2021/02/18/tech/google-facebook-australia-media-bargaining-intl-hnk/index.html PROPN issue-2711 346 5 coindesk coindesk PROPN issue-2711 346 6 ( ( PUNCT issue-2711 346 7 2024 2024 NUM issue-2711 346 8 ) ) PUNCT issue-2711 346 9 . . PUNCT issue-2711 347 1 senator senator PROPN issue-2711 347 2 lummis lummis PROPN issue-2711 347 3 proposes propose VERB issue-2711 347 4 the the DET issue-2711 347 5 u.s u.s PROPN issue-2711 347 6 . . PROPN issue-2711 347 7 buy buy VERB issue-2711 347 8 1 1 NUM issue-2711 347 9 m m NOUN issue-2711 347 10 bitcoin bitcoin ADJ issue-2711 347 11 to to PART issue-2711 347 12 reduce reduce VERB issue-2711 347 13 national national ADJ issue-2711 347 14 debt debt NOUN issue-2711 347 15 . . PUNCT issue-2711 348 1 available available ADJ issue-2711 348 2 at at ADP issue-2711 348 3 : : PUNCT issue-2711 348 4 https://www.coindesk.com/policy/2024/07/27/us-senator-lummis-proposes-the-us-buy-1m-bitcoin-toreduce-national-debt https://www.coindesk.com/policy/2024/07/27/us-senator-lummis-proposes-the-us-buy-1m-bitcoin-toreduce-national-debt X issue-2711 348 5 cumming cumming NOUN issue-2711 348 6 , , PUNCT issue-2711 348 7 d. d. PROPN issue-2711 348 8 , , PUNCT issue-2711 348 9 drobetz drobetz VERB issue-2711 348 10 , , PUNCT issue-2711 348 11 w. w. PROPN issue-2711 348 12 , , PUNCT issue-2711 348 13 momtaz momtaz NOUN issue-2711 348 14 , , PUNCT issue-2711 348 15 p. p. PROPN issue-2711 348 16 p. p. PROPN issue-2711 348 17 , , PUNCT issue-2711 348 18 & & CCONJ issue-2711 348 19 schermann schermann PROPN issue-2711 348 20 , , PUNCT issue-2711 348 21 n. n. PROPN issue-2711 348 22 ( ( PUNCT issue-2711 348 23 2025 2025 NUM issue-2711 348 24 ) ) PUNCT issue-2711 348 25 . . PUNCT issue-2711 349 1 financing finance VERB issue-2711 349 2 decentralized decentralize VERB issue-2711 349 3 digital digital ADJ issue-2711 349 4 platform platform NOUN issue-2711 349 5 growth growth NOUN issue-2711 349 6 : : PUNCT issue-2711 349 7 the the DET issue-2711 349 8 role role NOUN issue-2711 349 9 of of ADP issue-2711 349 10 crypto crypto ADJ issue-2711 349 11 funds fund NOUN issue-2711 349 12 in in ADP issue-2711 349 13 blockchain blockchain PROPN issue-2711 349 14 - - PUNCT issue-2711 349 15 based base VERB issue-2711 349 16 startups startup NOUN issue-2711 349 17 . . PUNCT issue-2711 349 18     SPACE issue-2711 349 19 journal journal NOUN issue-2711 349 20 of of ADP issue-2711 349 21 business business NOUN issue-2711 349 22 venturing venturing NOUN issue-2711 349 23 , , PUNCT issue-2711 349 24     SPACE issue-2711 349 25 40(1 40(1 NOUN issue-2711 349 26 ) ) PUNCT issue-2711 349 27 , , PUNCT issue-2711 349 28 106450 106450 NUM issue-2711 349 29 . . PUNCT issue-2711 350 1 doi doi NOUN issue-2711 350 2 : : PUNCT issue-2711 350 3 https://doi.org/10.1017/9780511780240 https://doi.org/10.1017/9780511780240 X issue-2711 350 4 ecb ecb PROPN issue-2711 350 5 ( ( PUNCT issue-2711 350 6 2020 2020 NUM issue-2711 350 7 ) ) PUNCT issue-2711 350 8 . . PUNCT issue-2711 351 1 ecb ecb PROPN issue-2711 351 2 working working PROPN issue-2711 351 3 paper paper NOUN issue-2711 351 4 series series NOUN issue-2711 351 5 , , PUNCT issue-2711 351 6 2351 2351 NUM issue-2711 351 7 . . PUNCT issue-2711 352 1 p. p. NOUN issue-2711 352 2 4 4 NUM issue-2711 352 3 . . PUNCT issue-2711 352 4 available available ADJ issue-2711 352 5 at at ADP issue-2711 352 6 : : PUNCT issue-2711 352 7 https://www.ecb.europa.eu/pub/pdf/scpwps/ https://www.ecb.europa.eu/pub/pdf/scpwps/ PROPN issue-2711 352 8 ecb.wp2351 ecb.wp2351 PROPN issue-2711 352 9 ~ ~ SYM issue-2711 352 10 c8c18bbd60.en.pdf c8c18bbd60.en.pdf ADP issue-2711 352 11 ecb ecb NOUN issue-2711 352 12 ( ( PUNCT issue-2711 352 13 2023 2023 NUM issue-2711 352 14 ) ) PUNCT issue-2711 352 15 . . PUNCT issue-2711 353 1 ecb ecb PROPN issue-2711 353 2 working working PROPN issue-2711 353 3 paper paper NOUN issue-2711 353 4 series series NOUN issue-2711 353 5 , , PUNCT issue-2711 353 6 2783 2783 NUM issue-2711 353 7 . . PUNCT issue-2711 353 8 available available ADJ issue-2711 353 9 at at ADP issue-2711 353 10 : : PUNCT issue-2711 353 11 https://www.ecb.europa.eu/press/researchpublications/working-papers/html/index.en.html https://www.ecb.europa.eu/press/researchpublications/working-papers/html/index.en.html PROPN issue-2711 353 12 european european PROPN issue-2711 353 13 commission commission PROPN issue-2711 353 14 ( ( PUNCT issue-2711 353 15 2016 2016 NUM issue-2711 353 16 ) ) PUNCT issue-2711 353 17 . . PUNCT issue-2711 354 1 press press NOUN issue-2711 354 2 release release NOUN issue-2711 354 3 : : PUNCT issue-2711 354 4 state state NOUN issue-2711 354 5 aid aid NOUN issue-2711 354 6 : : PUNCT issue-2711 354 7 ireland ireland NOUN issue-2711 354 8 gave give VERB issue-2711 354 9 illegal illegal ADJ issue-2711 354 10 tax tax NOUN issue-2711 354 11 benefits benefit NOUN issue-2711 354 12 to to PART issue-2711 354 13 apple apple VERB issue-2711 354 14 worth worth ADJ issue-2711 354 15 up up ADP issue-2711 354 16 to to PART issue-2711 354 17 € € SYM issue-2711 354 18 13 13 NUM issue-2711 354 19 billion billion NUM issue-2711 354 20 . . PUNCT issue-2711 355 1 available available ADJ issue-2711 355 2 at at ADP issue-2711 355 3 : : PUNCT issue-2711 355 4 https://ec.europa.eu/commission/presscorner/detail/en/ip_16_2923 https://ec.europa.eu/commission/presscorner/detail/en/ip_16_2923 PROPN issue-2711 355 5 european european PROPN issue-2711 355 6 commission commission PROPN issue-2711 355 7 ( ( PUNCT issue-2711 355 8 2024 2024 NUM issue-2711 355 9 ) ) PUNCT issue-2711 355 10 . . PUNCT issue-2711 356 1 available available ADJ issue-2711 356 2 at at ADP issue-2711 356 3 : : PUNCT issue-2711 356 4 https://digital-markets-act.ec.europa.eu/commission-opens-noncompliance-investigations-against-alphabet-apple-and-meta-under-digital-markets-2024-03-25_en https://digital-markets-act.ec.europa.eu/commission-opens-noncompliance-investigations-against-alphabet-apple-and-meta-under-digital-markets-2024-03-25_en PROPN issue-2711 356 5 forbes forbes PROPN issue-2711 356 6 ( ( PUNCT issue-2711 356 7 2024 2024 NUM issue-2711 356 8 ) ) PUNCT issue-2711 356 9 . . PUNCT issue-2711 357 1 blackrock blackrock PROPN issue-2711 357 2 's 's PART issue-2711 357 3 $ $ SYM issue-2711 357 4 10 10 NUM issue-2711 357 5 trillion trillion NUM issue-2711 357 6 tokenization tokenization NOUN issue-2711 357 7 vision vision NOUN issue-2711 357 8 : : PUNCT issue-2711 357 9 the the DET issue-2711 357 10 future future NOUN issue-2711 357 11 of of ADP issue-2711 357 12 real real ADJ issue-2711 357 13 world world NOUN issue-2711 357 14 assets asset NOUN issue-2711 357 15 . . PUNCT issue-2711 358 1 available available ADJ issue-2711 358 2 at at ADP issue-2711 358 3 : : PUNCT issue-2711 358 4 https://www.forbes.com/sites/nataliakarayaneva/2024/03/21/blackrocks-10-trillion-tokenization-vision-thefuture-of-real-world-assets/ https://www.forbes.com/sites/nataliakarayaneva/2024/03/21/blackrocks-10-trillion-tokenization-vision-thefuture-of-real-world-assets/ PROPN issue-2711 358 5 baltic baltic PROPN issue-2711 358 6 journal journal PROPN issue-2711 358 7 of of ADP issue-2711 358 8 economic economic ADJ issue-2711 358 9 studies study NOUN issue-2711 358 10 23 23 NUM issue-2711 358 11 vol vol NOUN issue-2711 358 12 . . PROPN issue-2711 359 1 11 11 NUM issue-2711 360 1 no no NOUN issue-2711 360 2 . . NOUN issue-2711 360 3 1 1 NUM issue-2711 360 4 , , PUNCT issue-2711 360 5 2025 2025 NUM issue-2711 360 6 forbes forbe NOUN issue-2711 360 7 ( ( PUNCT issue-2711 360 8 2024 2024 NUM issue-2711 360 9 ) ) PUNCT issue-2711 360 10 . . PUNCT issue-2711 361 1 bitcoin bitcoin PROPN issue-2711 361 2 2024 2024 NUM issue-2711 361 3 : : PUNCT issue-2711 361 4 when when SCONJ issue-2711 361 5 rage rage NOUN issue-2711 361 6 became become VERB issue-2711 361 7 the the DET issue-2711 361 8 machine machine NOUN issue-2711 361 9 . . PUNCT issue-2711 362 1 available available ADJ issue-2711 362 2 at at ADP issue-2711 362 3 : : PUNCT issue-2711 362 4 https://www.forbes.com/sites/ https://www.forbes.com/sites/ PROPN issue-2711 362 5 digital digital PROPN issue-2711 362 6 - - PUNCT issue-2711 362 7 assets/2024/07/31 assets/2024/07/31 PROPN issue-2711 362 8 / / PUNCT issue-2711 362 9 bitcoin-2024 bitcoin-2024 NOUN issue-2711 362 10 - - PUNCT issue-2711 362 11 when when ADV issue-2711 362 12 - - PUNCT issue-2711 362 13 rage rage NOUN issue-2711 362 14 - - PUNCT issue-2711 362 15 became become VERB issue-2711 362 16 - - PUNCT issue-2711 362 17 the the DET issue-2711 362 18 - - PUNCT issue-2711 362 19 machine/ machine/ NUM issue-2711 362 20 forbes forbe NOUN issue-2711 362 21 ( ( PUNCT issue-2711 362 22 2025 2025 NUM issue-2711 362 23 ) ) PUNCT issue-2711 362 24 . . PUNCT issue-2711 363 1 the the DET issue-2711 363 2 stargate stargate NOUN issue-2711 363 3 project project NOUN issue-2711 363 4 : : PUNCT issue-2711 363 5 trump trump VERB issue-2711 363 6 touts tout VERB issue-2711 363 7 $ $ SYM issue-2711 363 8 500 500 NUM issue-2711 363 9 billion billion NUM issue-2711 363 10 bid bid NOUN issue-2711 363 11 for for ADP issue-2711 363 12 ai ai PROPN issue-2711 363 13 dominance dominance NOUN issue-2711 363 14 . . PUNCT issue-2711 364 1 available available ADJ issue-2711 364 2 at at ADP issue-2711 364 3 : : PUNCT issue-2711 364 4 https://www.forbes.com/sites/moorinsights/2025/01/30/the-stargate-project-trump-touts-500-billion-bid-forai-dominance/ https://www.forbes.com/sites/moorinsights/2025/01/30/the-stargate-project-trump-touts-500-billion-bid-forai-dominance/ CCONJ issue-2711 364 5 hegel hegel PROPN issue-2711 364 6 , , PUNCT issue-2711 364 7 g. g. PROPN issue-2711 364 8 ( ( PUNCT issue-2711 364 9 2021 2021 NUM issue-2711 364 10 ) ) PUNCT issue-2711 364 11 . . PUNCT issue-2711 365 1 science science NOUN issue-2711 365 2 logic logic NOUN issue-2711 365 3 . . PUNCT issue-2711 366 1 cambridge cambridge PROPN issue-2711 366 2 university university PROPN issue-2711 366 3 press press NOUN issue-2711 366 4 . . PUNCT issue-2711 367 1 online online ADJ issue-2711 367 2 publication publication PROPN issue-2711 367 3 doi doi PROPN issue-2711 367 4 : : PUNCT issue-2711 367 5 https://doi.org/ https://doi.org/ PROPN issue-2711 367 6 10.1017/9780511780240 10.1017/9780511780240 NUM issue-2711 367 7 hudson hudson PROPN issue-2711 367 8 , , PUNCT issue-2711 367 9 m. m. NOUN issue-2711 367 10 ( ( PUNCT issue-2711 367 11 2015 2015 NUM issue-2711 367 12 ) ) PUNCT issue-2711 367 13 . . PUNCT issue-2711 368 1 killing kill VERB issue-2711 368 2 the the DET issue-2711 368 3 host host NOUN issue-2711 368 4 : : PUNCT issue-2711 368 5 how how SCONJ issue-2711 368 6 financial financial ADJ issue-2711 368 7 parasites parasite NOUN issue-2711 368 8 and and CCONJ issue-2711 368 9 debt debt NOUN issue-2711 368 10 bondage bondage NOUN issue-2711 368 11 destroy destroy VERB issue-2711 368 12 the the DET issue-2711 368 13 global global ADJ issue-2711 368 14 economy economy NOUN issue-2711 368 15 . . PUNCT issue-2711 369 1 islet islet NOUN issue-2711 369 2 ; ; PUNCT issue-2711 369 3 first first ADV issue-2711 369 4 edition edition NOUN issue-2711 369 5 – – PUNCT issue-2711 369 6 440 440 NUM issue-2711 369 7 pp pp NOUN issue-2711 369 8 . . PUNCT issue-2711 370 1 imf imf PROPN issue-2711 370 2 ( ( PUNCT issue-2711 370 3 2023 2023 NUM issue-2711 370 4 ) ) PUNCT issue-2711 370 5 . . PUNCT issue-2711 371 1 general general ADJ issue-2711 371 2 government government NOUN issue-2711 371 3 debt debt NOUN issue-2711 371 4 . . PUNCT issue-2711 372 1 available available ADJ issue-2711 372 2 at at ADP issue-2711 372 3 : : PUNCT issue-2711 372 4 https://www.imf.org/external/datamapper/gg_debt https://www.imf.org/external/datamapper/gg_debt X issue-2711 372 5 _ _ PUNCT issue-2711 372 6 gdp@gdd gdp@gdd NOUN issue-2711 372 7 / / SYM issue-2711 372 8 can can AUX issue-2711 372 9 / / SYM issue-2711 372 10 fra fra ADJ issue-2711 372 11 / / SYM issue-2711 372 12 deu deu PROPN issue-2711 372 13 / / SYM issue-2711 372 14 ita ita PROPN issue-2711 372 15 / / SYM issue-2711 372 16 jpn jpn PROPN issue-2711 372 17 / / SYM issue-2711 372 18 gbr gbr PROPN issue-2711 372 19 / / SYM issue-2711 372 20 usa usa PROPN issue-2711 372 21 investopedia investopedia PROPN issue-2711 372 22 ( ( PUNCT issue-2711 372 23 2018 2018 NUM issue-2711 372 24 ) ) PUNCT issue-2711 372 25 . . PUNCT issue-2711 373 1 80 80 NUM issue-2711 373 2 % % NOUN issue-2711 373 3 of of ADP issue-2711 373 4 icos ico NOUN issue-2711 373 5 are be AUX issue-2711 373 6 scams scam NOUN issue-2711 373 7 : : PUNCT issue-2711 373 8 report report NOUN issue-2711 373 9 ( ( PUNCT issue-2711 373 10 2018 2018 NUM issue-2711 373 11 ) ) PUNCT issue-2711 373 12 . . PUNCT issue-2711 374 1 available available ADJ issue-2711 374 2 at at ADP issue-2711 374 3 : : PUNCT issue-2711 374 4 https://www.investopedia.com/ https://www.investopedia.com/ NOUN issue-2711 374 5 news/80 news/80 PROPN issue-2711 374 6 - - PUNCT issue-2711 374 7 icos icos PROPN issue-2711 374 8 - - PUNCT issue-2711 374 9 are be AUX issue-2711 374 10 - - PUNCT issue-2711 374 11 scams scam NOUN issue-2711 374 12 - - PUNCT issue-2711 374 13 report/ report/ NUM issue-2711 374 14 kant kant NOUN issue-2711 374 15 , , PUNCT issue-2711 374 16 i. i. PROPN issue-2711 374 17 ( ( PUNCT issue-2711 374 18 1989 1989 NUM issue-2711 374 19 ) ) PUNCT issue-2711 374 20 . . PUNCT issue-2711 375 1 foundations foundation NOUN issue-2711 375 2 of of ADP issue-2711 375 3 the the DET issue-2711 375 4 metaphysics metaphysic NOUN issue-2711 375 5 of of ADP issue-2711 375 6 morals moral NOUN issue-2711 375 7 , , PUNCT issue-2711 375 8 pearson pearson PROPN issue-2711 375 9 2nd 2nd PROPN issue-2711 375 10 edition edition PROPN issue-2711 375 11 , , PUNCT issue-2711 375 12 128 128 NUM issue-2711 375 13 p. p. NOUN issue-2711 375 14 lyons lyons PROPN issue-2711 375 15 , , PUNCT issue-2711 375 16 l. l. PROPN issue-2711 375 17 ( ( PUNCT issue-2711 375 18 2021 2021 NUM issue-2711 375 19 ) ) PUNCT issue-2711 375 20 . . PUNCT issue-2711 376 1 ireland ireland PROPN issue-2711 376 2 ’s ’s PART issue-2711 376 3 status status NOUN issue-2711 376 4 as as ADP issue-2711 376 5 tax tax NOUN issue-2711 376 6 haven haven NOUN issue-2711 376 7 for for ADP issue-2711 376 8 tech tech NOUN issue-2711 376 9 firms firm NOUN issue-2711 376 10 like like ADP issue-2711 376 11 google google NOUN issue-2711 376 12 , , PUNCT issue-2711 376 13 facebook facebook NOUN issue-2711 376 14 , , PUNCT issue-2711 376 15 and and CCONJ issue-2711 376 16 apple apple NOUN issue-2711 376 17 is be AUX issue-2711 376 18 ending end VERB issue-2711 376 19 / / PUNCT issue-2711 376 20 the the DET issue-2711 376 21 country country NOUN issue-2711 376 22 has have AUX issue-2711 376 23 signed sign VERB issue-2711 376 24 on on ADP issue-2711 376 25 to to ADP issue-2711 376 26 an an DET issue-2711 376 27 eu eu PROPN issue-2711 376 28 deal deal NOUN issue-2711 376 29 that that PRON issue-2711 376 30 aims aim VERB issue-2711 376 31 to to PART issue-2711 376 32 reduce reduce VERB issue-2711 376 33 tax tax NOUN issue-2711 376 34 avoidance avoidance NOUN issue-2711 376 35 . . PUNCT issue-2711 377 1 available available ADJ issue-2711 377 2 at at ADP issue-2711 377 3 : : PUNCT issue-2711 377 4 https://www.theverge.com/2021/10/7/22715229/ireland-status-tax-haven-google-facebook-apple https://www.theverge.com/2021/10/7/22715229/ireland-status-tax-haven-google-facebook-apple NUM issue-2711 377 5 mckinsey mckinsey NOUN issue-2711 377 6 ( ( PUNCT issue-2711 377 7 2024 2024 NUM issue-2711 377 8 ) ) PUNCT issue-2711 377 9 . . PUNCT issue-2711 378 1 from from ADP issue-2711 378 2 ripples ripple NOUN issue-2711 378 3 to to ADP issue-2711 378 4 waves wave NOUN issue-2711 378 5 : : PUNCT issue-2711 378 6 the the DET issue-2711 378 7 transformational transformational ADJ issue-2711 378 8 power power NOUN issue-2711 378 9 of of ADP issue-2711 378 10 tokenizing tokenize VERB issue-2711 378 11 assets asset NOUN issue-2711 378 12 . . PUNCT issue-2711 379 1 available available ADJ issue-2711 379 2 at at ADP issue-2711 379 3 : : PUNCT issue-2711 379 4 https://www.mckinsey.com/industries/financial-services/our-insights/from-ripples-to-waves-the-transformational-power-of-tokenizing-assets https://www.mckinsey.com/industries/financial-services/our-insights/from-ripples-to-waves-the-transformational-power-of-tokenizing-asset NOUN issue-2711 379 5 mckinsey mckinsey PROPN issue-2711 379 6 global global PROPN issue-2711 379 7 institute institute PROPN issue-2711 379 8 ( ( PUNCT issue-2711 379 9 2023 2023 NUM issue-2711 379 10 ) ) PUNCT issue-2711 379 11 . . PUNCT issue-2711 380 1 mgi mgi PROPN issue-2711 380 2 director director PROPN issue-2711 380 3 olivia olivia PROPN issue-2711 380 4 white white PROPN issue-2711 380 5 . . PUNCT issue-2711 381 1 how how SCONJ issue-2711 381 2 our our PRON issue-2711 381 3 interconnected interconnected ADJ issue-2711 381 4 world world NOUN issue-2711 381 5 is be AUX issue-2711 381 6 changing change VERB issue-2711 381 7 . . PUNCT issue-2711 382 1 available available ADJ issue-2711 382 2 at at ADP issue-2711 382 3 : : PUNCT issue-2711 382 4 https://www.mckinsey.com/mgi/our-research/how-our-interconnected-world-is-changing https://www.mckinsey.com/mgi/our-research/how-our-interconnected-world-is-change VERB issue-2711 382 5 oecd oecd PROPN issue-2711 382 6 ( ( PUNCT issue-2711 382 7 2022 2022 NUM issue-2711 382 8 ) ) PUNCT issue-2711 382 9 . . PUNCT issue-2711 383 1 why why SCONJ issue-2711 383 2 decentralised decentralise VERB issue-2711 383 3 finance finance NOUN issue-2711 383 4 ( ( PUNCT issue-2711 383 5 defi defi NOUN issue-2711 383 6 ) ) PUNCT issue-2711 383 7 matters matter NOUN issue-2711 383 8 and and CCONJ issue-2711 383 9 the the DET issue-2711 383 10 policy policy NOUN issue-2711 383 11 implications implication NOUN issue-2711 383 12 . . PUNCT issue-2711 384 1 paris paris PROPN issue-2711 384 2 . . PUNCT issue-2711 384 3 available available ADJ issue-2711 384 4 at at ADP issue-2711 384 5 : : PUNCT issue-2711 384 6 https://www.oecd.org/daf/fin/financial-markets/why-decentralised-finance-defi-matters-and-the-policyimplications.pdf https://www.oecd.org/daf/fin/financial-markets/why-decentralised-finance-defi-matters-and-the-policyimplications.pdf PROPN issue-2711 384 7 oecd oecd PROPN issue-2711 384 8 ( ( PUNCT issue-2711 384 9 2024 2024 NUM issue-2711 384 10 ) ) PUNCT issue-2711 384 11 . . PUNCT issue-2711 385 1 oecd oecd PROPN issue-2711 385 2 compendium compendium NOUN issue-2711 385 3 of of ADP issue-2711 385 4 productivity productivity NOUN issue-2711 385 5 indicators indicator NOUN issue-2711 385 6 2024 2024 NUM issue-2711 385 7 , , PUNCT issue-2711 385 8 oecd oecd PROPN issue-2711 385 9 publishing publishing NOUN issue-2711 385 10 , , PUNCT issue-2711 385 11 paris paris PROPN issue-2711 385 12 . . PUNCT issue-2711 386 1 doi doi PROPN issue-2711 386 2 : : PUNCT issue-2711 386 3 https://doi.org/10.1787/b96cd88a-en https://doi.org/10.1787/b96cd88a-en PROPN issue-2711 386 4 panetta panetta PROPN issue-2711 386 5 , , PUNCT issue-2711 386 6 f. f. PROPN issue-2711 386 7 ( ( PUNCT issue-2711 386 8 2022 2022 NUM issue-2711 386 9 ) ) PUNCT issue-2711 386 10 . . PUNCT issue-2711 387 1 crypto crypto PROPN issue-2711 387 2 dominos dominos PROPN issue-2711 387 3 : : PUNCT issue-2711 387 4 the the DET issue-2711 387 5 bursting burst VERB issue-2711 387 6 crypto crypto NOUN issue-2711 387 7 bubbles bubble NOUN issue-2711 387 8 and and CCONJ issue-2711 387 9 the the DET issue-2711 387 10 destiny destiny NOUN issue-2711 387 11 of of ADP issue-2711 387 12 digital digital ADJ issue-2711 387 13 finance finance NOUN issue-2711 387 14 . . PUNCT issue-2711 388 1 keynote keynote NOUN issue-2711 388 2 speech speech NOUN issue-2711 388 3 by by ADP issue-2711 388 4 fabio fabio PROPN issue-2711 388 5 panetta panetta PROPN issue-2711 388 6 , , PUNCT issue-2711 388 7 member member NOUN issue-2711 388 8 of of ADP issue-2711 388 9 the the DET issue-2711 388 10 executive executive PROPN issue-2711 388 11 board board NOUN issue-2711 388 12 of of ADP issue-2711 388 13 the the DET issue-2711 388 14 ecb ecb NOUN issue-2711 388 15 , , PUNCT issue-2711 388 16 at at ADP issue-2711 388 17 the the DET issue-2711 388 18 insight insight NOUN issue-2711 388 19 summit summit NOUN issue-2711 388 20 held hold VERB issue-2711 388 21 at at ADP issue-2711 388 22 the the DET issue-2711 388 23 london london PROPN issue-2711 388 24 business business NOUN issue-2711 388 25 school school PROPN issue-2711 388 26 . . PUNCT issue-2711 389 1 available available ADJ issue-2711 389 2 at at ADP issue-2711 389 3 : : PUNCT issue-2711 389 4 https://www.ecb.europa.eu/press/key/date/2022/html/ecb https://www.ecb.europa.eu/press/key/date/2022/html/ecb NOUN issue-2711 389 5 . . PUNCT issue-2711 390 1 sp221207_1~7dcbb0e1d0.en.html sp221207_1~7dcbb0e1d0.en.html PROPN issue-2711 390 2 reuters reuters PROPN issue-2711 390 3 ( ( PUNCT issue-2711 390 4 2024 2024 NUM issue-2711 390 5 ) ) PUNCT issue-2711 390 6 . . PUNCT issue-2711 391 1 exclusive exclusive ADJ issue-2711 391 2 : : PUNCT issue-2711 391 3 meta meta VERB issue-2711 391 4 to to PART issue-2711 391 5 be be AUX issue-2711 391 6 hit hit VERB issue-2711 391 7 with with ADP issue-2711 391 8 first first ADJ issue-2711 391 9 eu eu PROPN issue-2711 391 10 antitrust antitrust ADJ issue-2711 391 11 fine fine NOUN issue-2711 391 12 for for ADP issue-2711 391 13 linking link VERB issue-2711 391 14 marketplace marketplace NOUN issue-2711 391 15 and and CCONJ issue-2711 391 16 facebook facebook NOUN issue-2711 391 17 . . PUNCT issue-2711 392 1 available available ADJ issue-2711 392 2 at at ADP issue-2711 392 3 : : PUNCT issue-2711 392 4 https://www.reuters.com/technology/meta-be-hit-with-first-eu-antitrust-fine-linking-marketplacefacebook-sources-2024-07-25/ https://www.reuters.com/technology/meta-be-hit-with-first-eu-antitrust-fine-linking-marketplacefacebook-sources-2024-07-25/ PROPN issue-2711 392 5 schumpeter schumpeter NOUN issue-2711 392 6 , , PUNCT issue-2711 392 7 j. j. PROPN issue-2711 392 8 a. a. PROPN issue-2711 392 9 ( ( PUNCT issue-2711 392 10 2014 2014 NUM issue-2711 392 11 ) ) PUNCT issue-2711 392 12 . . PUNCT issue-2711 393 1 business business NOUN issue-2711 393 2 cycles cycle NOUN issue-2711 393 3 : : PUNCT issue-2711 393 4 a a DET issue-2711 393 5 theoretical theoretical ADJ issue-2711 393 6 , , PUNCT issue-2711 393 7 historical historical ADJ issue-2711 393 8 and and CCONJ issue-2711 393 9 statistical statistical ADJ issue-2711 393 10 analysis analysis NOUN issue-2711 393 11 of of ADP issue-2711 393 12 the the DET issue-2711 393 13 capitalist capitalist ADJ issue-2711 393 14 process process NOUN issue-2711 393 15 . . PUNCT issue-2711 394 1 martino martino PROPN issue-2711 394 2 pub pub NOUN issue-2711 394 3 ; ; PUNCT issue-2711 394 4 first first ADJ issue-2711 394 5 edition edition NOUN issue-2711 394 6 – – PUNCT issue-2711 394 7 1128 1128 NUM issue-2711 394 8 pp pp NOUN issue-2711 394 9 . . PUNCT issue-2711 395 1 schwab schwab PROPN issue-2711 395 2 , , PUNCT issue-2711 395 3 k. k. PROPN issue-2711 395 4 ( ( PUNCT issue-2711 395 5 2017 2017 NUM issue-2711 395 6 ) ) PUNCT issue-2711 395 7 . . PUNCT issue-2711 396 1 the the DET issue-2711 396 2 fourth fourth PROPN issue-2711 396 3 industrial industrial ADJ issue-2711 396 4 revolution revolution NOUN issue-2711 396 5 . . PUNCT issue-2711 397 1 crown crown NOUN issue-2711 397 2 business business NOUN issue-2711 397 3 , , PUNCT issue-2711 397 4 new new PROPN issue-2711 397 5 york york PROPN issue-2711 397 6 . . PUNCT issue-2711 398 1 – – PUNCT issue-2711 398 2 192 192 NUM issue-2711 398 3 pp pp NOUN issue-2711 398 4 . . PUNCT issue-2711 399 1 schwab schwab PROPN issue-2711 399 2 , , PUNCT issue-2711 399 3 k. k. PROPN issue-2711 399 4 , , PUNCT issue-2711 399 5 & & CCONJ issue-2711 399 6 mallerett mallerett PROPN issue-2711 399 7 , , PUNCT issue-2711 399 8 t. t. PROPN issue-2711 399 9 ( ( PUNCT issue-2711 399 10 2020 2020 NUM issue-2711 399 11 ) ) PUNCT issue-2711 399 12 . . PUNCT issue-2711 400 1 covid19 covid19 PROPN issue-2711 400 2 : : PUNCT issue-2711 400 3 the the DET issue-2711 400 4 great great ADJ issue-2711 400 5 reset reset NOUN issue-2711 400 6 . . PUNCT issue-2711 401 1 world world PROPN issue-2711 401 2 economic economic PROPN issue-2711 401 3 forum forum PROPN issue-2711 401 4 , , PUNCT issue-2711 401 5 p. p. NOUN issue-2711 401 6 129 129 NUM issue-2711 401 7 . . PUNCT issue-2711 402 1 available available ADJ issue-2711 402 2 at at ADP issue-2711 402 3 : : PUNCT issue-2711 402 4 https://www.math.uwaterloo.ca/~ervrscay/thegreatreset.pdf https://www.math.uwaterloo.ca/~ervrscay/thegreatreset.pdf PROPN issue-2711 402 5 surucu surucu NOUN issue-2711 402 6 - - PUNCT issue-2711 402 7 balci balci NOUN issue-2711 402 8 , , PUNCT issue-2711 402 9 e. e. PROPN issue-2711 402 10 , , PUNCT issue-2711 402 11 iris iris NOUN issue-2711 402 12 , , PUNCT issue-2711 402 13 ç ç X issue-2711 402 14 . . PROPN issue-2711 402 15 , , PUNCT issue-2711 402 16 & & CCONJ issue-2711 402 17 balci balci NOUN issue-2711 402 18 , , PUNCT issue-2711 402 19 g. g. PROPN issue-2711 402 20 ( ( PUNCT issue-2711 402 21 2024 2024 NUM issue-2711 402 22 ) ) PUNCT issue-2711 402 23 . . PUNCT issue-2711 403 1 digital digital ADJ issue-2711 403 2 information information NOUN issue-2711 403 3 in in ADP issue-2711 403 4 maritime maritime ADJ issue-2711 403 5 supply supply NOUN issue-2711 403 6 chains chain NOUN issue-2711 403 7 with with ADP issue-2711 403 8 blockchain blockchain PROPN issue-2711 403 9 and and CCONJ issue-2711 403 10 cloud cloud NOUN issue-2711 403 11 platforms platform NOUN issue-2711 403 12 : : PUNCT issue-2711 403 13 supply supply NOUN issue-2711 403 14 chain chain NOUN issue-2711 403 15 capabilities capability NOUN issue-2711 403 16 , , PUNCT issue-2711 403 17 barriers barrier NOUN issue-2711 403 18 , , PUNCT issue-2711 403 19 and and CCONJ issue-2711 403 20 research research NOUN issue-2711 403 21 opportunities opportunity NOUN issue-2711 403 22 . . PUNCT issue-2711 403 23     SPACE issue-2711 403 24 technological technological ADJ issue-2711 403 25 forecasting forecasting NOUN issue-2711 403 26 and and CCONJ issue-2711 403 27 social social ADJ issue-2711 403 28 change change NOUN issue-2711 403 29 , , PUNCT issue-2711 403 30     SPACE issue-2711 403 31 198 198 NUM issue-2711 403 32 , , PUNCT issue-2711 403 33 122978 122978 NUM issue-2711 403 34 . . PUNCT issue-2711 404 1 taylor taylor PROPN issue-2711 404 2 & & CCONJ issue-2711 404 3 francis francis PROPN issue-2711 404 4 online online PROPN issue-2711 404 5 ( ( PUNCT issue-2711 404 6 2024 2024 NUM issue-2711 404 7 ) ) PUNCT issue-2711 404 8 . . PUNCT issue-2711 404 9 is be AUX issue-2711 404 10 bitcoin bitcoin VERB issue-2711 404 11 a a DET issue-2711 404 12 diversifier diversifi ADJ issue-2711 404 13 , , PUNCT issue-2711 404 14 hedge hedge ADJ issue-2711 404 15 or or CCONJ issue-2711 404 16 safe safe ADJ issue-2711 404 17 haven haven NOUN issue-2711 404 18 for for ADP issue-2711 404 19 traditional traditional ADJ issue-2711 404 20 and and CCONJ issue-2711 404 21 alternate alternate ADJ issue-2711 404 22 asset asset NOUN issue-2711 404 23 classes class NOUN issue-2711 404 24 ? ? PUNCT issue-2711 405 1 available available ADJ issue-2711 405 2 at at ADP issue-2711 405 3 : : PUNCT issue-2711 405 4 https://www.tandfonline.com/doi/full/10.1080/23322039.2022.2156092#d1e1905 https://www.tandfonline.com/doi/full/10.1080/23322039.2022.2156092#d1e1905 VERB issue-2711 405 5 trading trading NOUN issue-2711 405 6 economics economic NOUN issue-2711 405 7 ( ( PUNCT issue-2711 405 8 2024 2024 NUM issue-2711 405 9 ) ) PUNCT issue-2711 405 10 . . PUNCT issue-2711 406 1 inflation inflation NOUN issue-2711 406 2 rate rate NOUN issue-2711 406 3 . . PUNCT issue-2711 407 1 available available ADJ issue-2711 407 2 at at ADP issue-2711 407 3 : : PUNCT issue-2711 407 4 https://tradingeconomics.com/country-list/inflationrate?continent=world https://tradingeconomics.com/country-list/inflationrate?continent=world NUM issue-2711 407 5 trading trading NOUN issue-2711 407 6 economics economic NOUN issue-2711 407 7 ( ( PUNCT issue-2711 407 8 2025 2025 NUM issue-2711 407 9 ) ) PUNCT issue-2711 407 10 . . PUNCT issue-2711 408 1 gdp gdp NOUN issue-2711 408 2 growth growth NOUN issue-2711 408 3 rate rate NOUN issue-2711 408 4 . . PUNCT issue-2711 409 1 available available ADJ issue-2711 409 2 at at ADP issue-2711 409 3 : : PUNCT issue-2711 409 4 https://tradingeconomics.com/country-list/gdpgrowth-rate?continent=world https://tradingeconomics.com/country-list/gdpgrowth-rate?continent=world PROPN issue-2711 409 5 zuboff zuboff PROPN issue-2711 409 6 sh sh PROPN issue-2711 409 7 . . PROPN issue-2711 409 8 ( ( PUNCT issue-2711 409 9 2019 2019 NUM issue-2711 409 10 ) ) PUNCT issue-2711 409 11 the the DET issue-2711 409 12 harvard harvard PROPN issue-2711 409 13 gazette gazette PROPN issue-2711 409 14 . . PUNCT issue-2711 410 1 available available ADJ issue-2711 410 2 at at ADP issue-2711 410 3 : : PUNCT issue-2711 410 4 https://news.harvard.edu/gazette/story/2019/03/harvardprofessor-says-surveillance-capitalism-is-undermining-democracy/ https://news.harvard.edu/gazette/story/2019/03/harvardprofessor-says-surveillance-capitalism-is-undermining-democracy/ PROPN issue-2711 410 5 zuckerberg zuckerberg PROPN issue-2711 410 6 m. m. PROPN issue-2711 410 7 ( ( PUNCT issue-2711 410 8 2024 2024 NUM issue-2711 410 9 ) ) PUNCT issue-2711 410 10 . . PUNCT issue-2711 411 1 available available ADJ issue-2711 411 2 at at ADP issue-2711 411 3 : : PUNCT issue-2711 411 4 https://about.fb.com/news/2024/07/open-source-ai-is-the-path-forward/ https://about.fb.com/news/2024/07/open-source-ai-is-the-path-forward/ PROPN issue-2711 411 5 zutshi zutshi PROPN issue-2711 411 6 , , PUNCT issue-2711 411 7 a. a. NOUN issue-2711 411 8 , , PUNCT issue-2711 411 9 grilo grilo NOUN issue-2711 411 10 , , PUNCT issue-2711 411 11 a. a. PROPN issue-2711 411 12 , , PUNCT issue-2711 411 13 & & CCONJ issue-2711 411 14 nodehi nodehi PROPN issue-2711 411 15 , , PUNCT issue-2711 411 16 t. t. NOUN issue-2711 411 17 ( ( PUNCT issue-2711 411 18 2021 2021 NUM issue-2711 411 19 ) ) PUNCT issue-2711 411 20 . . PUNCT issue-2711 412 1 the the DET issue-2711 412 2 value value NOUN issue-2711 412 3 proposition proposition NOUN issue-2711 412 4 of of ADP issue-2711 412 5 blockchain blockchain PROPN issue-2711 412 6 technologies technology NOUN issue-2711 412 7 and and CCONJ issue-2711 412 8 its its PRON issue-2711 412 9 impact impact NOUN issue-2711 412 10 on on ADP issue-2711 412 11 digital digital ADJ issue-2711 412 12 platforms platform NOUN issue-2711 412 13 . . PUNCT issue-2711 412 14     SPACE issue-2711 413 1 computers computer NOUN issue-2711 413 2 & & CCONJ issue-2711 413 3 industrial industrial ADJ issue-2711 413 4 engineering engineering NOUN issue-2711 413 5 , , PUNCT issue-2711 413 6 155 155 NUM issue-2711 413 7 , , PUNCT issue-2711 413 8 107187 107187 NUM issue-2711 413 9 . . PUNCT issue-2711 413 10 received receive VERB issue-2711 413 11 on on ADP issue-2711 413 12 : : PUNCT issue-2711 413 13 09th 09th ADJ issue-2711 413 14 of of ADP issue-2711 413 15 january january PROPN issue-2711 413 16 , , PUNCT issue-2711 413 17 2025 2025 NUM issue-2711 413 18 accepted accept VERB issue-2711 413 19 on on ADP issue-2711 413 20 : : PUNCT issue-2711 413 21 18th 18th NOUN issue-2711 413 22 of of ADP issue-2711 413 23 february february PROPN issue-2711 413 24 , , PUNCT issue-2711 413 25 2025 2025 NUM issue-2711 413 26 published publish VERB issue-2711 413 27 on on ADP issue-2711 413 28 : : PUNCT issue-2711 413 29 13th 13th NOUN issue-2711 413 30 of of ADP issue-2711 413 31 march march PROPN issue-2711 413 32 , , PUNCT issue-2711 413 33 2025 2025 NUM