"Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today." - President-Elect Barack Obama
In the last 20 years, economists have come to realize the importance of "thinking small" - that is, they have begun to understand the mechanism by which people drag themselves out of poverty.Social institutions that allow individuals to build businesses are essential. An effective justice system geared towards protecting the rights of individuals and individual ownership, good schools, low corruption, and a decent medical system are all components of it.
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