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As tax revenues were falling due to reduced levels of economic activity, the only way for them to balance their budgets was to cut their spending, leaving nothing to arrest the demand downward spiral. He always reminded himself of a remarkably telling question that Charles Prince, the CEO of Citigroup, had asked him the year before at a similar dinner: In PPP terms, the Democratic Republic of Congo (DRC) ($310), Liberia ($330) and fast cash loan Burundi ($390) are the three poorest countries in the world.

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He had just arrived on the US Airways shuttle from New York, and his driver, who normally waited outside of security for him, was nowhere to be found. What is most important in determining national productivity is the capital equipment, technologies, infrastructure and institutions that a country has, which are really things that the poor themselves cannot provide. But their approach was scattershot, and they receivedonly polite refusals from all of their potential targets.

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Kim, who oversaw the mortgage division, announced in May that he was leaving the firm to start a hedge fund. Between 1950 and 1973, per capita income in Western Europe grew at an astonishing rate of 4. Curl invited Fleming into one of the law firm

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