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The famous Uzawa (1961) balanced growth theorem has exercised a tyranny of sorts over macroeconomics for decades. It is the prime reason why researchers use Cobb–Douglas production functions and abstract from considering movements in factor shares. Others have had to recourse to complex...
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This paper is intended to provide an updated discussion on a series of issues that the relevant literature suggests to be crucial in dealing with the challenges a middle income country may encounter in its attempts to further catch-up a higher income status. In particular, the conventional...
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Many people believe that globalization and its key components have made matters worse for humanity and the environment …. Indur M. Goklany exposes this as a complete myth and challenges people to consider how much worse the world would be without … them. Goklany confronts foes of globalization and demonstrates that economic growth, technological change and free trade …
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