Today's @bopinion post is about how poor countries started catching up to rich ones.
It looks like decolonization just took a few decades to start working.https://bloom.bg/2yKQWGQ
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Then the Great Recession halted rich-country growth, but didn't halt poor-country growth.pic.twitter.com/OeSIlDNIVO
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Now, some economists are starting to entertain a wild, hopeful notion: What if the facts are finally catching up to basic economic theory??https://www.cgdev.org/blog/everything-you-know-about-cross-country-convergence-now-wrong …
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Now that growth theory finally (sort of) works, the world will be a changed place. Inequalities won't vanish for a long time. But no longer will a few rich countries get to lord it over the rest of the world. The days of colonialism are done for good. (end)pic.twitter.com/SsSmy0QagA
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