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Statistics examined in class from a range of developing countries show that growth does not guarantee poverty reduction while higher income is clearly associated with
Statistics examined in class from a range of developing countries show that growth does not guarantee poverty reduction while higher income is clearly associated with less poverty. In addition, economies could even reach upper-middle income status but continue to struggle with high incidences of extreme poverty. What does this tell us about the importance of the character of a nation's growth process and about its institutional structure? (Needs five arguments)
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