The Roots of Poverty in the Modern World
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چکیده
It is often said that poor countries are poor because they are deficient in what economists call capital stock: i.e. they lack the tangible infrastructures that enable modern developed societies to function and to create more wealth-----roads, communications systems, schools, machines, and factories. But capital stock does not grow wild. Its appearance at a particular time and place is the result of specific human decisions about investment taken in the past.
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