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How poor nations become rich

A successful neighbour helps but not as much as a growing population, finds Duncan Weldon

By Duncan Weldon   July 2016

Dhaka, Bangladesh: smaller countries could become a major part of global growth ©Getty Images

The Rise and Fall of Nations: Ten Rules of Change in the Post-Crisis World by Ruchir Sharma (Allen Lane, £25)

Fifteen years ago, Jim O’Neill, then at Goldman Sachs and now a Treasury Minister, coined the term “BRIC” in a paper outlining how economic power was shifting from the G7 group of advanced economies towards the rising nations of Brazil, Russia, India…

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