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Submitted by Tomas Lopes Teixeira on
Otaviano, Thanks for your topic. I have to say that after reading this enthusiastic book, certain issues keep coming to my mind. Most of the per capta income differences between developing countries and rich countries are not related to differences in the inputs (Labor, capital, etc), but to productivity disparities. Thus, one important target for government economic policy should be innovation and entrepreneurship. There is no real development without the development of the private sector, correct? I believe it has a lot to do with my country, Brazil, where the environment for new business and innovation still has a lot to be improved in terms of bureaucracy, tax and labor rules and specially education. Hope to read new publications from PREM/World Bank soon. Best regards Tomás Lopes Teixeira Young Economist Sao Paulo - Brazil