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China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this … fundamental mechanisms behind China's rapid industrialization. This article reviews the New Stage Theory of economic development …, despite sharp differences in political and institutional conditions. One of the key conclusions exemplified by China …
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Prior to the Civil War there were three major differences among states in how U.S. banks were regulated: (1) Whether they were established by charter or under free-banking laws. (2) Whether they were permitted to branch. (3) Whether the state established a state-owned bank. I use a census of the...
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