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People who live in rural areas often have less access to capital and, as a result, their productivity is lower on average than the productivity
People who live in rural areas often have less access to capital and, as a result, their productivity is lower on average than the productivity of people who live in cities. An article in the New York Times quoted a financial analyst as arguing that "the core driver" of economic growth in China "is the simple process of urbanization."
What does the analyst mean by the "process of urbanization"?
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