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How Does a Country Become Rich?

Posted by By Vitaliy Novik, PhD
The Wealth of Nations, by Scottish philosopher Adam Smith, is the most significant work in economic history, earning Smith the title “Father of Economics”. Even to this day, Smith's ideas…
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Why Are Some Countries Poor and Others Rich?

Why Are Some Countries Poor and Others Rich?

Posted by By Vitaliy Novik, PhD
Why are some countries so poor, while others continue to grow richer and richer? This question is fascinating and important, both to economists and to the ordinary person trying to…
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