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What is Comparative economics?
Comparative economics is a new field of economics that studies the similarities and differences between countries. This can also be seen as a development of neoclassical economics, which has traditionally studied the behaviour of an isolated economy. Comparative economics is therefore a more recent development than comparative political economy. It also examines how different countries fare in the real world. It provides some explanations for the economic success of some countries and also for the economic failure of others.
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