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Catch up. In the 1950s an economic surge began in underdeveloped countries worldwide. Today on Uncommon Knowledge, Nobel Prize winner Michael Spence explains why.

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Uncommon Knowledge Interview with Michael Spence (Part One)

Catch up. In the 1950s an economic surge began in underdeveloped countries worldwide. Today on Uncommon Knowledge, Nobel Prize winner Michael Spence explains why.

Colonialism goes away.  They’re not held down.  You’ve got opening of the global economy through the gap and the set of policies that just turn out with the benefit of hindsight to be a) generous and b) really farsighted.

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