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The
paper argues that long periods of economic
progress in the core countries lead to
increasingly abstract and irrelevant economic
theories ('terrible simplifications').
This leads to turning points towards more
relevant economic theories. The author
also outlines the key variables that need
to be re-introduced into economic theory
in order to furnish poor countries with
the type of productive structures that
makes it possible to eliminate poverty.
January
14, 2010.
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