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Smaller policy changes may serve just as well, and pave the way for later reforms of institutions.In one of these papers*, Edward Glaeser, a Harvard economist, and three co-authors question several prominent studies that treat institutions as a wellspring of development (including those discussed in this column in the issue of October 5th 2002).
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And since they, by their very nature, expand the market, they constitute a wellspring of new growth.
"The market is the creator of social wealth and the wellspring of self-sustaining economic development," he said.
With the wellspring of popular feeling against development at this moment, it is possible that Norton Folgate may become the testing ground again in which commercial imperative is set against cultural significance.
I truly believe that the places that scare us are a wellspring of opportunity for growth.
Mr. Bush has repeatedly credited that development as the wellspring of today's prosperity, neglecting to mention that federal debt ballooned.
Agricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth.
This is especially true in the interior, the wellspring of the revolution not least because economic development lagged.
Too large an American presence could encourage protests and possibly destabilize the country, a frightening development for Washington given the wellspring of anti-American sentiment among Pakistani citizens and that nation's nuclear weapons ability.
Despite modest growth, the economy remains a wellspring of misery, with mass unemployment, wage stagnation and factories going unused.
The wellspring of humanitas was Classical literature.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com