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Articles posted on Monday, October 29, 2012

Free exchange: Concrete gains The Economist

Monday, October 29, 2012
Category: Economics

From www.economist.com

Differences in metropolitan populations may help explain gaps in productivity and incomes. Western Europe’s per-person GDP is 72% of America’s, on a purchasing-power-parity basis. A recent study by the McKinsey Global Institute, the consultancy’s research arm, reckons that some three-quarters of this gap can be chalked up to Europe’s relatively diminutive cities.

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