William Easterly
Quotes From
The Elusive Quest for Growth (2001)
- Are terms of trade of developing countries going up or down? The best answer I’ve seen is “both.” Experts on the left often warn simultaneously about the declining terms of trade of poor countries and the coming shortages of raw materials (which would improve the terms of trade of poor countries).#
Posts About
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More Rents, Less Growth
The abysmal growth record of Russia after the fall of Communism is supposed to cast a pall over market-led reforms. What’s in the way? Austerity and neoliberalism or something, if you go by the word on the street. The New York Times in fact answered the question brilliantly just the . . .