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Monetary policy should never have been expected to shift economies to a sustainably higher growth trajectory by itself.

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Michael Spence

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Labor, no matter how inexpensive, will become a less important asset for growth and employment expansion, with labor-intensive, process-oriented manufacturing becoming a less effective way for early-stage developing countries to enter the global economy.

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With external help, even the countries ravaged by World War II recovered.

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May 14, 2024

With external help, even the countries ravaged by World War II recovered.

Previous

May 14, 2024

Labor, no matter how inexpensive, will become a less important asset for growth and employment expansion, with labor-intensive, process-oriented manufacturing becoming a less effective way for early-stage developing countries to enter the global economy.

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