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- Open and Nimble: Finding Stable Growth in Small Economies
Open and Nimble: Finding Stable Growth in Small Economies
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In the 21st Century, the evidence is clear: the correlation between changes in wages and changes in Gross Domestic Product (GDP) per capita is high and close to one across economies of various sizes. This title argues that the size of an economy's labour force does condition development. It studies the challenges of small economies by systematically analysing correlates of labour-force size.
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