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Introduction: the art of engineering prosperity in unlikely places -- The tyranny of litanies -- Unpleasant truths about institutional and financial development -- The economics of chance: policy prescriptions as laundry lists -- The mechanics of failure and the secrets of success -- Ambitious...
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China did in the 1980s. By attracting foreign investment and firms, poor countries can improve their trade logistics …
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emerging economies. The paper develops a three-phase model for product innovation with capital investment under uncertainty to …
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