Why Are Some Nations Richer than Others?
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Why Are Some Nations Richer than Others?
Recent debates about globalization have led to a renaissance of interest in the reasons for disparities in wealth among the world’s societies from a historical perspective. This is not just an academic question, however, since if we understand the reasons for the discrepancy, perhaps we can solve the problem. Following are summaries of some of the major theories pertaining to this question.
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