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aggregate economic performance. A more plausible story focuses on the investment boom that took place in both countries. In the … the latent return to capital quite high. By subsidizing and coordinating investment decisions, government policy managed …
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During the past two decades, there has been a dramatic change in IPO activity around the world. Though vibrant IPO activity, attributed to better institutions and governance, used to be a strength of the U.S., it no longer is. IPO activity in the U.S. has fallen compared to the rest of the world...
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