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Up From Sweatshops  

For decades, economists have promoted low-wage textile industry as the best way for poor countries to build a manufacturing base. In East Africa, the promised trickle-down effects of foreign investment have not materialized.









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The End of Development  

Discussion in the United States about secular stagnation, a long-term tendency toward weak business investment and slow growth, has mostly focused on wealthy countries. But slowing growth around the world cannot be explained as the sign of economic “maturity.”