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Unformatted text preview: converged to U.S. living standards, but some have only maintained their relative position (Latin America) or even fallen behind (Africa). (iii) Some growth miracle countries has converged dramatically (Asian TigersSingapore, Hong Kong, Taiwan, South Korea and in Africa, Botswana) (iv) Evidence suggest that the long-run growth rates has differed dramatically across countries in the second half of the 20 th century (Figure 3.3) (v) Historical growth in currently rich countries was just average by the standards of the post WWII periodno growth miracles in the past (Table 3.2)...
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