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| Author: | Sachs, J. |
| Title: | Globalization and patterns of economic development |
| Journal: | Weltwirtschaftliches Archiv
2000 : VOL. 136:4, p. 579-600 |
| Index terms: | GLOBALIZATION DEVELOPMENT ECONOMICS GROWTH |
| Language: | eng |
| Abstract: | In The Wealth of Nations, published in 1776, Adam Smith predicted that globalization would be a force for economic progress. He wrote that "the discovery of America, and that of a passage to the East Indies by the Cape of Good Hope, are the two greatest and most important events recorded in the history of mankind", since those events would allow "the most distant parts of the world" to "relieve one another's wants" and "encourage one another's industry". |
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