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Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation …. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous … other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction. In …
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"Many countries in Latin America and the Caribbean have achieved considerable economic growth, yet the region still faces many seemingly intractable problems. The conventional wisdom in development agencies - that prioritization is impossible and that everything must be done - is simply not...
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