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3 Sustaining Growth in the Long Term SAM JONESThe question of how to achieve rapid and sustained growth has challenged economists for generations. As Robert Lucas (1988) has famously remarked, the consequences for human welfare involved in questions like these are staggering: once one starts to think about them, it is hard to think about anything else. The potential contribution of economic growth to wellbeing has been demonstrated by the achievements of various East Asian countries over...
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