Mexico is a little bit, I would say, just stepping back, a little bit of a mystery for me why it hasn't done better in development. The core problem in Mexico is there's too much labor in the informal sector. Manufacturing has been a route to export earnings and earning a place in the world that allows you to import technology which 99.9 percent comes from outside your country. So the question to ask for Africa is how is it going to pay its way in the world? Not whether it will have manufacturing or not.
Tyler Cowen and Jeffrey Sachs discuss the resource curse, why Russia failed and Poland succeeded, charter cities, Sach's China optimism, JFK, Paul Rosenstein-Rodan, whether Africa will be able to overcome the middle income trap, Paul Krugman, Sach's favorite novel, premature deindustrialization, and how to reform graduate economics education.
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