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On The Process of Growth and Economic Policy in Developing Countries

by Aznold C. Harberger. Reading for week of May 3, 2005.

The aim of this paper is to help readers confront the problems of fostering economic growth and combating poverty in developing countries. It attempts to call attention to relevant facts, to provide insights into how the process of economic growth really works, and to explore the ways in which economic policy can operate to give greater scope to the forces of growth. It also calls attention to the fact that increased productivity has historically been the most reliable path to poverty reduction, and hence merits a position of high priority in national and international efforts toward this goal.

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