The theme of this book is that economic growth is key, but
institutions and other national and subnational attributes matter
as well. They are critical to explaining differences in social
development and poverty reduction across countries and subnational
areas that cannot be accounted for by growth alone. The book
concludes that a more complete strategy needs to consider various
institutional factors at the national and subnational levels to
achieve rapid and sustained poverty reduction. Indeed, paying
attention to these factors will benefit both growth and poverty
reduction.
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