A performance analysis of the Third World |
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Authors: | Axel J Halbach |
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Institution: | 1. Ifo-Institute, Munich
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Abstract: | The dispute between the proponents of the market-economy road to development for the countries of the Third World and the advocates of the socialist road is an old one. Too often have the arguments been based on ideology rather than on facts. The recent publication by the World, Bank of comprehensive and comparable data for almost all the countries of the Third World makes it possible to compare the achievements of these two alternative roads on the basis of empirical evidence. |
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