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Stacchetti and Jean Tirole for useful comments and suggestions. We also thank Daron Acemoglu,

Charles Angelucci,Simone Meraglia, James Anderson, Nava Ashraf,Julia Cage,Joyee Deb, Mark Dincecco,Georgy Egorov, Jeffry Frieden,Avner Greif, Oliver Hart,Bruno Jullien, Ro Lizzeri,Nicola Persico,Shanker Satyanath

mag（2014）

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