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Daron Acemoglu, V4.0: Rebooting Culture & Economics!

ROCKING OUR PRIORS

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Caste, Economy, and Governance in India and China

This chapter explores the significant impact of caste divisions on India's development, contrasting it with the role of protectionist policies and investment dynamics. It delves into the interplay between economic growth, labor demand, and social networks, while examining the political landscape in China and the implications of authoritarian governance on economic progress. The discussion highlights case studies from both countries to underscore the complexities surrounding labor relations, governance, and their effects on innovation and economic stability.

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