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Role of Institutions in Economic Development:The Importance of Constitutions
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Developed countries of the west have always held a fascination for countries embarking on the path of development. Catching up with the west has been a strong driving force in the various strategies of development that have been followed. However, the exact ingredients of these strategies have been a matter of considerable debate. This is reflected not only in the policies that have been followed over the years but also in the thinking that has dominated the discipline of Development Economics.
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