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This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...
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slow growth, rampant protectionism, and rising inflation plagued Latin America for years, where corrupt institutions and …
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goods, such as fighting external wars, as well as political stability andinclusive political institutions, are conducive to …
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