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It was a remarkable quote for Dimon to have chosen. Despite these weaknesses, the Developmentalist tradition deserves more attention.

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5 percent, say, rather than 4. Some Neoclassical economists, following the pioneering work by Gary Becker, talk of But according to the official International Comparison Program (ICP), European prices are about 10 percent higher than American prices, so that if this same European spent the same money in Europe, his or her purchasing power would be closer to an American income of $1,200.

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