It's the people that matter
The textbook answers to long term economic growth are physical and human capital, and institutions. This paper tries to put more emphasis on human capital, which by itself is not a bold statement. But some of the implications could be very controversial, if not provocative.
1. Some cultures(if not ethnicities or races) are just superior to others in that they are more conducive to the organizing of modern production.
2. Foreign aids may make things worse for poor countries.
3. Advance in health care leads to rapid population growth in poor nations, which cuts down the per-capita resources, which in turn causes the worsening of the quality of human capital.
4. Some part of the world is doomed in this mordern world.
Labels: Econ

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