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- Poverty Reduction and Growth: Virtuous and Vicious Circles
Poverty Reduction and Growth: Virtuous and Vicious Circles
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That raising income levels alleviates poverty, and that growth can be more or less effective in doing so, is well known. What is less well explored is the reverse channel - that poverty may, in fact, be part of the reason for a country's poor growth performance. This report is about the existence of these vicious circles in Latin America.
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