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This paper surveys recent research on the macroeconomic implications of demographic and technological changes. Lower fertility and increasing longevity have implications on the age population structure and, therefore, on the balance between savings and investment. Jointly with meagre...
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innovation in the West was not a result of scientific discoveries plus entrepreneurship. Rather, modern values-particularly the … individualism and self-expression prevailing among the people-fueled the dynamism needed for widespread innovation." …
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