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One requires the other. In order to develop the institutions and technology, you need a production infrastructure. If your current comparative advantage is vacation homes, hotels and tropical fruit, such production will not be possible unless protectionist measures are part of your industrial policy.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Apr 10th, 2012 at 04:17:33 AM EST
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