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This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
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distribution, comprising a case study of Philippines - discusses trends (1950-1982) relating to economic disparity, unemployment …
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calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth …. Sustained capital flight over three decades means that capital flight had a role for the Philippines to lose the opportunities … the macroeconomy more effectively, the Philippines remains caught in the perpetuity of crises, its economy hollowed …
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Philippines. The results show that economic growth explains a lot but not all about poverty. The balance which seems fairly large …
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