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Describe Deepak Lal's argument around the mistake economists in the Global North made concerning the economies of the Global South.
Hockey Stick Phenomenon
A pattern in business where a significant increase in orders or performance is observed right before a deadline, resembling the shape of a hockey stick.
Evaluation Period
The designated timeframe during which the performance, efficiency, or effectiveness of a project, program, or strategy is assessed.
Revenue-sharing Contract
An agreement between two or more parties that stipulates the proportion of revenue generated by a business venture to be distributed among the partners.
Consumer Demand
The desire and willingness of buyers to purchase goods and services at various price points.
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