Economic Stagnation, Fixed Factors, and Policy Thresholds
By William Easterly
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Economic policies, not initial conditions, determine whether countries stagnate. The black market premium on foreign exchange is an important factor in stagnation.
Book Details
- Country: US
- Published: 1991
- Publisher: Country Economics Department, World Bank
- Author(s):William Easterly
- Language: English
- Pages: 39
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