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QUESTION

According to Michael L. Ross, what is the rentier effect? What is the modernization effect? Which of these effects has more important implications

According to Michael L. Ross,

what is the rentier effect?

What is the modernization effect?

Which of these effects has more important implications for long-term growth, and why?

https://scholar.harvard.edu/files/levitsky/files/ross_world_politics.pdf

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