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leads to faster growth and poverty reduction in poor countries. To determine the effect of globalization on growth, poverty … translates on average into proportionate increases in incomes of the poor. Absolute poverty in the globalizing developing … the view that globalization leads to faster growth and poverty reduction in poor countries. This paper—a product of …
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When average incomes rise, the average incomes of the poorest fifth of society rise proportionately. This holds across regions, periods, income levels, and growth rates. But relatively little is known about the broad forces that account for the variations across countries and across time in the...
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