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Tabla de Contenidos:
  • Centrally planned and administered economy and steep ascent strategy a complete failure
  • Development economics-based strategy in less developed countries an incomplete failure
  • A shift toward better understood (and appreciated) classical economic prescriptions an incomplete success
  • Industrialization : the first major phase of structural transformation
  • The shift to human capital-intensive market services : the second major phase of structural transformation
  • Russia and China : some historical as well as performance similarities (up to a point)
  • India and Brazil : two great potentials postscript : on choosing inefficient institutions.