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There are exogenous factors too. North Dakota will be rich due to oil even with incredibly corrupt and inefficient local governments.
by YokoZar 13y ago
There are exogenous factors too. North Dakota will be rich due to oil even with incredibly corrupt and inefficient local governments.
- muzz 13y agoIndeed, as are Texas, Alaska, and Saudi Arabia. Resources must be extracted where they exist. No such physical constraints bind the development of search engines, social networks, etc.