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Why Growth Matters - How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries (Paperback, First Trade Paper Edition)
Loot Price: R534
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Why Growth Matters - How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries (Paperback, First Trade Paper Edition)
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List price R584
Loot Price R534
Discovery Miles 5 340
You Save R50 (9%)
Expected to ship within 9 - 15 working days
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In its history since Independence, India has seen widely different
economic experiments: from Jawharlal Nehru's pragmatism to the
rigid state socialism of Indira Gandhi to the brisk liberalization
of the 1990s. So which strategy best addresses India's, and by
extension the world's, greatest moral challenge: lifting a great
number of extremely poor people out of poverty?
Bhagwati and Panagariya argue forcefully that only one strategy
will help the poor to any significant effect: economic growth, led
by markets overseen and encouraged by liberal state policies. Their
radical message has huge consequences for economists, development
NGOs and anti-poverty campaigners worldwide. There are vital
lessons here not only for Southeast Asia, but for Africa, Eastern
Europe, and anyone who cares that the effort to eradicate poverty
is more than just good intentions. If you want it to work, you need
growth. With all that implies.
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