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Acknowledgments | |
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Heaven Can't Wait | |
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Two American empires, one presiding after World War II, onepresiding from 1980 to the present, gave rise to dramatically different growth rates in the developing world�a Golden Age and a Dark Age. | |
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Where the Sun Never Sets, and Wages Never Rise | |
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Prewar colonial empires are lauded for their spread of civilization, but manufacturing experience was acquired by only a dozen late developers, mainly in Japan's orbit. | |
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Trading Earth for Heaven | |
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In the First American Empire, developing countries were allowed to follow their own development paths, as long as they stayed clear of communism. | |
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Angel Dust | |
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Foreign aid failed as a lever of growth because it was �tied� ... it was corrupt ... and it was ill conceived... | |
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Gift of the Gods | |
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The fathers of Third World independence understood somebig things, about the �imperialism of free trade� andpopular mass support for decent jobs | |
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They devised original policies to promote the substitution of imports for domestic production. | |
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The Light of the Moon | |
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The experimental policies that were responsible for bringing most of the developing world into the modern age were grounded in �performance standards,� a set of norms and institutions that increased the efficiency of state intervention. | |
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Dien Bien Phu: Knowledge Is Eternal | |
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The First American Empire perished in Vietnam because it lacked the information, know-how, and experimentation in which savvy developing countries specialized. | |
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To Hell in a Straw Basket | |
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War, oil, Japanese competition, and an expansionary Wall Street brought the Second American Empire to power, with its unshakable faith in free markets | |
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America's Fatwas | |
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Ideas about development changed from innovative to ideological; a �Washington consensus� determined what developing countries could and couldn't do | |
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Only Asia went its own way and took the world by surprise | |
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The Devil Take the Hindmost | |
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Gaps in income between and within countries widened | |
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Equal income distribution became recognized as one of the most important factors behind development, but laissez-faire was powerless to help | |
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Great Balls of Fire | |
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Great Balls of Fire emerged�China, India, and other awakening giants. If the giants prosper, the Second American Empire will no longer enjoy absolute power | |
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Can it adjust? | |
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Notes | |
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Bibliography | |
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Index | |