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                <title>Kemal Derviş | Project Syndicate RSS-Feed</title>
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                  <![CDATA[<p data-line-id="c1c2200246f86f6c11bf4f0e"><em>Why do some countries
grow faster than others? Can Turkey's model of fast and sustained growth be
transplanted to the Arab World? What role can macroeconomic management play in
helping to resolve economic crises?</em><em>How - and how much - should the United
States and other powers seek to promote stability and growth in volatile
regions like South Asia, Central Africa, and the Middle East? </em></p><p data-line-id="c1c2200246f86f6c11c04f0e">Nowadays, one country's troubles
can - and frequently do - alter conditions far and wide. So how globalization
evolves holds enormous implications for developed and developing countries
alike, posing political, economic, and environmental challenges that leave
almost no one unaffected. But, in today's hyper-competitive and highly
specialized world, it has become nearly impossible to grasp globalization's
immense complexity, much less do very much to shape its course. </p><p data-line-id="c1c2200246f86f6c11c14f0e"><strong>Kemal&nbsp;</strong><strong>Dervi</strong><strong>ş </strong>is one of the few who can.&nbsp;<strong></strong>A <strong>former head of the United
Nations Development Program</strong> and <strong>current
Vice President of the Brookings Institution</strong> and Director of its Global
Economy and Development program, <strong>Kemal </strong><strong>Dervi</strong><strong>ş</strong> has informed and shaped global development
policy throughout his career. As <strong>Turkey's
finance minister,</strong> he introduced the bold reforms that have enabled a decade
of rapid economic growth. And, as head of the UNDP, he <strong>pioneered the <em>Arab Human
Development Reports</em></strong>, the most comprehensive analysis of Arab societies
ever undertaken.</p><p>



In his monthly column, <strong data-line-id="c1c2200246f86f6c11c24f0e"><em>A Better Globalization</em></strong>,
written <strong data-line-id="c1c2200246f86f6c11c34f0e">exclusively</strong> for <em data-line-id="c1c2200246f86f6c11c44f0e">Project Syndicate</em>, <strong data-line-id="c1c2200246f86f6c11c54f0e">Kemal&nbsp;</strong><strong data-line-id="c1c2200246f86f6c11c64f0e">Derviş&nbsp;</strong><strong data-line-id="c1c2200246f86f6c11c74f0e"></strong>uses his vast experience as an economist, government
minister, and world leader on development issues to reveal crucial
relationships between seemingly disparate problems, ranging from climate change
to terrorism. But&nbsp;<strong data-line-id="c1c2200246f86f6c11c84f0e"></strong><strong data-line-id="c1c2200246f86f6c11c94f0e">Kemal&nbsp;</strong><strong data-line-id="c1c2200246f86f6c11ca4f0e">Derviş</strong> goes further, not only discerning the world's most
pressing issues in fresh and insightful ways, but also marking the path to greater
global prosperity and fairness.</p>]]>
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                  <![CDATA[<p data-line-id="c1c2200246f86f6c11bf4f0e"><em>Why do some countries
grow faster than others? Can Turkey's model of fast and sustained growth be
transplanted to the Arab World? What role can macroeconomic management play in
helping to resolve economic crises?</em><em>How - and how much - should the United
States and other powers seek to promote stability and growth in volatile
regions like South Asia, Central Africa, and the Middle East? </em></p><p data-line-id="c1c2200246f86f6c11c04f0e">Nowadays, one country's troubles
can - and frequently do - alter conditions far and wide. So how globalization
evolves holds enormous implications for developed and developing countries
alike, posing political, economic, and environmental challenges that leave
almost no one unaffected. But, in today's hyper-competitive and highly
specialized world, it has become nearly impossible to grasp globalization's
immense complexity, much less do very much to shape its course. </p><p data-line-id="c1c2200246f86f6c11c14f0e"><strong>Kemal&nbsp;</strong><strong>Dervi</strong><strong>ş </strong>is one of the few who can.&nbsp;<strong></strong>A <strong>former head of the United
Nations Development Program</strong> and <strong>current
Vice President of the Brookings Institution</strong> and Director of its Global
Economy and Development program, <strong>Kemal </strong><strong>Dervi</strong><strong>ş</strong> has informed and shaped global development
policy throughout his career. As <strong>Turkey's
finance minister,</strong> he introduced the bold reforms that have enabled a decade
of rapid economic growth. And, as head of the UNDP, he <strong>pioneered the <em>Arab Human
Development Reports</em></strong>, the most comprehensive analysis of Arab societies
ever undertaken.</p><p>



In his monthly column, <strong data-line-id="c1c2200246f86f6c11c24f0e"><em>A Better Globalization</em></strong>,
written <strong data-line-id="c1c2200246f86f6c11c34f0e">exclusively</strong> for <em data-line-id="c1c2200246f86f6c11c44f0e">Project Syndicate</em>, <strong data-line-id="c1c2200246f86f6c11c54f0e">Kemal&nbsp;</strong><strong data-line-id="c1c2200246f86f6c11c64f0e">Derviş&nbsp;</strong><strong data-line-id="c1c2200246f86f6c11c74f0e"></strong>uses his vast experience as an economist, government
minister, and world leader on development issues to reveal crucial
relationships between seemingly disparate problems, ranging from climate change
to terrorism. But&nbsp;<strong data-line-id="c1c2200246f86f6c11c84f0e"></strong><strong data-line-id="c1c2200246f86f6c11c94f0e">Kemal&nbsp;</strong><strong data-line-id="c1c2200246f86f6c11ca4f0e">Derviş</strong> goes further, not only discerning the world's most
pressing issues in fresh and insightful ways, but also marking the path to greater
global prosperity and fairness.</p>]]>
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                <ttl>40</ttl>
                  
  <item>
    <title>Balancing the Technocrats</title>
    <description><![CDATA[Electoral cycles are such that monetary policy, banking, and many other areas must be regulated by those with professional competence and a much longer time horizon than that of politicians. But, if technocrats are allowed to determine long-term policy and set objectives, democracy itself is in serious jeopardy.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-false-promise-of-technocratic-governance-by-kemal-dervi</comments>
	<slash:comments>18</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-false-promise-of-technocratic-governance-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/the-false-promise-of-technocratic-governance-by-kemal-dervi</link>
	<pubDate>Fri, 10 May 2013 09:00:00 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
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			<media:copyright>Illustration by Chris Van Es</media:copyright>
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    <title>The Great Disconnect</title>
    <description><![CDATA[Since the second half of 2012, financial markets have recovered strongly worldwide. But this financial market buoyancy is at odds with political events and real economic indicators, which augur slow growth at best in Europe and the US, coupled with high unemployment.]]></description>
	<comments>http://www.project-syndicate.org/commentary/booming-financial-markets-and-slumping-real-economies-by-kemal-dervi</comments>
	<slash:comments>12</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/booming-financial-markets-and-slumping-real-economies-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/booming-financial-markets-and-slumping-real-economies-by-kemal-dervi</link>
	<pubDate>Mon, 11 Mar 2013 13:00:19 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
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			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>David Cameron’s European Spaghetti Bowl</title>
    <description><![CDATA[British Prime Minister David Cameron’s “Europe” speech on January 23 was powerful, polished, contained a bold vision, and offered good arguments. But translating those arguments into institutional reality will be a difficult challenge.]]></description>
	<comments>http://www.project-syndicate.org/commentary/institutional-alternatives-to-full-european-integration-by-kemal-dervi</comments>
	<slash:comments>3</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/institutional-alternatives-to-full-european-integration-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/institutional-alternatives-to-full-european-integration-by-kemal-dervi</link>
	<pubDate>Mon, 04 Feb 2013 13:30:14 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
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			<media:copyright>Illustration by Chris Van Es</media:copyright>
	</media:content>
	
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    <title>The Centrists Cannot Hold</title>
    <description><![CDATA[By and large, democracy in developed countries is characterized by competition between fairly stable coalitions of the left and right. What, then, are centrists like Mario Monti, Italy’s technocratic prime minister, to do?]]></description>
	<comments>http://www.project-syndicate.org/commentary/why-democracies-marginalize-parties-of-the-center-by-kemal-dervi</comments>
	<slash:comments>6</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/why-democracies-marginalize-parties-of-the-center-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/why-democracies-marginalize-parties-of-the-center-by-kemal-dervi</link>
	<pubDate>Mon, 14 Jan 2013 14:50:17 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
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			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>Should Central Banks Target Employment?</title>
    <description><![CDATA[US Federal Reserve Chairman Ben Bernanke recently announced that the Fed will keep interest rates at close to zero until the unemployment rate falls to 6.5%, provided inflation expectations remain subdued. It is a welcome breakthrough, and one that should be emulated by others – not least the ECB.]]></description>
	<comments>http://www.project-syndicate.org/commentary/why-the-ecb-should-emulate-the-fed-s-unemployment-target-by-kemal-dervi</comments>
	<slash:comments>8</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/why-the-ecb-should-emulate-the-fed-s-unemployment-target-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/why-the-ecb-should-emulate-the-fed-s-unemployment-target-by-kemal-dervi</link>
	<pubDate>Wed, 19 Dec 2012 14:50:07 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/795f3fd1fa4fe11f2fb532f441021df9.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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  <item>
    <title>The Second Coming of Barack Obama</title>
    <description><![CDATA[Barack Obama will embark on his second term in office with the global economy at a crossroads. The US alone cannot determine the world economy’s future, but the course that it takes nonetheless has huge global importance, given that it remains the largest economy and retains strong influence in the main multilateral institutions.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-second-coming-of-barack-obama-by-kemal-dervi</comments>
	<slash:comments>6</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/the-second-coming-of-barack-obama-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/the-second-coming-of-barack-obama-by-kemal-dervi</link>
	<pubDate>Wed, 07 Nov 2012 10:00:18 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/c3166a3ae04a383ae45a36d98b5af61f.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Barrie Maguire</media:copyright>
	</media:content>
	
  </item>
  <item>
    <title>Back to the Brink for the Eurozone?</title>
    <description><![CDATA[The eurozone crisis is back, with yields on Spanish and Italian government bonds inching up again, and equity investors’ mood is souring. The deflationary spiral in these countries is causing output to contract so fast that further spending cuts and tax increases cannot reduce budget deficits and public debt relative to GDP.]]></description>
	<comments>http://www.project-syndicate.org/commentary/austerity-is-killing-southern-europe-s-structural-reforms-by-kemal-dervi</comments>
	<slash:comments>4</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/austerity-is-killing-southern-europe-s-structural-reforms-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/austerity-is-killing-southern-europe-s-structural-reforms-by-kemal-dervi</link>
	<pubDate>Wed, 10 Oct 2012 10:56:00 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
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			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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  <item>
    <title>Europe’s Vital French Connection</title>
    <description><![CDATA[In the debates raging over the future of the EU and the eurozone, Germany always takes center stage. But, in terms of influencing outcomes in Europe, France remains as important as Germany, for three reasons.]]></description>
	<comments>http://www.project-syndicate.org/commentary/europe-s-vital-french-connection-by-kemal-dervi</comments>
	<slash:comments>4</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/europe-s-vital-french-connection-by-kemal-dervi</guid>
    <link>http://www.project-syndicate.org/commentary/europe-s-vital-french-connection-by-kemal-dervi</link>
	<pubDate>Wed, 12 Sep 2012 11:10:13 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/19536fc48bc738f266cfc43ca119b9cf.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Barrie Maguire</media:copyright>
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  <item>
    <title>Mario Draghi’s Guns of August</title>
    <description><![CDATA[August has been a dangerous month in European history, but this year it could be the turning point for the eurozone – and perhaps for the world economy. That depends on whether – and how – the European Central Bank makes good on official pledges to do “whatever it takes” to preserve the euro.]]></description>
	<comments>http://www.project-syndicate.org/commentary/mario-draghi-s-guns-of-august</comments>
	<slash:comments>6</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/mario-draghi-s-guns-of-august</guid>
    <link>http://www.project-syndicate.org/commentary/mario-draghi-s-guns-of-august</link>
	<pubDate>Wed, 01 Aug 2012 12:20:10 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/f35d6a2a09e1e74268150b09c0bdcf15.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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  <item>
    <title>What Role for the State?</title>
    <description><![CDATA[The financial crisis of 2008 has spurred a global debate on how much government regulation of markets – and what kind – is appropriate. In the United States, it is a key theme in the upcoming presidential election, and it is shaping politics in Europe and emerging markets as well.]]></description>
	<comments>http://www.project-syndicate.org/commentary/what-role-for-the-state</comments>
	<slash:comments>5</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/what-role-for-the-state</guid>
    <link>http://www.project-syndicate.org/commentary/what-role-for-the-state</link>
	<pubDate>Fri, 20 Jul 2012 13:40:09 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/c88302c625ac7d1e0f98305d6ade6792.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Barrie Maguire</media:copyright>
	</media:content>
	
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  <item>
    <title>Austere Growth?</title>
    <description><![CDATA[Many inside and outside of Germany declare that both austerity and more growth are needed, and that more emphasis on the latter implies decrease in the former. The drama of the ongoing eurozone crisis has focused attention on Europe, but how the austerity-growth debate plays out there is more broadly relevant, including for the US.]]></description>
	<comments>http://www.project-syndicate.org/commentary/austere-growth-</comments>
	<slash:comments>5</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/austere-growth-</guid>
    <link>http://www.project-syndicate.org/commentary/austere-growth-</link>
	<pubDate>Fri, 08 Jun 2012 11:50:11 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/c25439f2e9cab98b2dfa72ea469b9f5b.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Dean Rohrer</media:copyright>
	</media:content>
	
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  <item>
    <title>Rebalancing the Eurozone</title>
    <description><![CDATA[As long as the eurozone's internal divergence in unit labor costs persists, the euro crisis cannot be fully resolved, because current-account deficits and/or slow growth will continue to stalk the “south,” perpetuating worries about sovereign debt and commercial banks. But the burden of adjustment cannot rest solely on the south.]]></description>
	<comments>http://www.project-syndicate.org/commentary/rebalancing-the-eurozone</comments>
	<slash:comments>5</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/rebalancing-the-eurozone</guid>
    <link>http://www.project-syndicate.org/commentary/rebalancing-the-eurozone</link>
	<pubDate>Mon, 14 May 2012 15:20:10 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/be3507c104f72154b76a78eb1f26c053.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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    <title>A World of Convergence</title>
    <description><![CDATA[For almost two centuries, starting around 1800, the history of the global economy was broadly one of divergence in average incomes: in relative terms, richer countries got even richer. But, from 1990 to 2010, average per capita income in the emerging and developing countries grew almost three times as fast as average income in Europe, North America, and Japan.]]></description>
	<comments>http://www.project-syndicate.org/commentary/a-world-of-convergence</comments>
	<slash:comments>1</slash:comments>
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    <link>http://www.project-syndicate.org/commentary/a-world-of-convergence</link>
	<pubDate>Mon, 23 Apr 2012 22:00:00 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
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			<media:copyright>Illustration by Jon Krause</media:copyright>
	</media:content>
	
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    <title>The Inequality Trap</title>
    <description><![CDATA[In the early twentieth century, some argued that capitalism tends to generate chronic weakness in effective demand, as growing concentration of income leads to a “savings glut.” Nowadays, with income inequality on the rise, that argument has returned.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-inequality-trap</comments>
	<slash:comments>8</slash:comments>
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    <link>http://www.project-syndicate.org/commentary/the-inequality-trap</link>
	<pubDate>Thu, 08 Mar 2012 05:00:00 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/f57ce715a172a23769592fbc7c67f22e.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Jim Meehan</media:copyright>
	</media:content>
	
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    <title>The Global Future of Europe’s Crisis</title>
    <description><![CDATA[The stock of financial assets worldwide has grown so large, relative to national income flows, that financial-market movements can overwhelm most countries. Indeed, the European crisis is a mere foretaste of the central political debate of the first half of the twenty-first century: how to resolve the tension between global markets and national politics.]]></description>
	<comments>http://www.project-syndicate.org/commentary/the-global-future-of-europe-s-crisis</comments>
	<slash:comments>3</slash:comments>
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    <link>http://www.project-syndicate.org/commentary/the-global-future-of-europe-s-crisis</link>
	<pubDate>Tue, 14 Feb 2012 15:50:12 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/397f5df96bc3505d56230eaa52831cde.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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  <item>
    <title>Global Imbalances and Domestic Inequality</title>
    <description><![CDATA[Despite years of official talk about addressing global current-account imbalances, they remained one of the world’s main economic concerns in 2011. Indeed, some are increasing again, alongside inequality in many countries – a link that is no accident.]]></description>
	<comments>http://www.project-syndicate.org/commentary/global-imbalances-and-domestic-inequality</comments>
	<slash:comments>1</slash:comments>
    <guid isPermaLink="true">http://www.project-syndicate.org/commentary/global-imbalances-and-domestic-inequality</guid>
    <link>http://www.project-syndicate.org/commentary/global-imbalances-and-domestic-inequality</link>
	<pubDate>Tue, 10 Jan 2012 05:00:00 +0000</pubDate>
	<dc:creator>Kemal Derviş</dc:creator>
	
	<media:content url="http://www.project-syndicate.org/default/library/7f6b3f33b96ab16aa9364bd2ca533c77.square.jpg" height="100" width="100" medium="image" type="image/jpeg">
			<media:copyright>Illustration by Paul Lachine</media:copyright>
	</media:content>
	
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