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Relative deprivation, shame and social exclusion can matter to the welfare of people everywhere. The authors argue that such social effects on welfare call for a reconsideration of how we assess global poverty, but they do not support standard measures of relative poverty. The paper argues...
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"An overview of the economic development of and policies intended to combat poverty around the world." …"While there is no denying that the world has made huge progress against absolute poverty over the last 200 years … greater progress against poverty in the developing world in recent times-indeed, a faster pace of progress against extreme …
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