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The book explores the reasons behind the differing economic trajectories of countries since the eighteenth century, focusing on the role of institutions in fostering sustained growth. Ringmar argues that institutional change is essential for development and analyzes its implications for contemporary challenges in the developing world. By examining historical and global contexts, the text provides insights into how effective institutions can drive economic progress and address current issues faced by nations striving for growth.
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The Mechanics of Modernity in Europe and East Asia, Erik Ringmar
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- 2005
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