, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth … US-style “laissez-faire” social contracts sustainable; I also compare the growth rates of these two politico … excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how …

without a universal definition. This article presents the constitutive elements of economic development, such as growth … the changing economic circumstances of “developed” countries, such as stagnant growth, regional economic disparity within …