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Marius Midtimellem: Mission slik Hensynsløse narkotikaforhandlere Financial Institutions Management A Risk Management Approach The concept of First World originated during the Cold War and included countries that were generally aligned with NATO and opposed to the Soviet Union during the Cold War. Since the collapse of the Soviet Union in 1991, the definition has instead largely shifted to any country with little political risk and a well functioning democracy, rule of law, capitalist economy, economic stability and ... 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