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Proceedings of the World Bank annual conference on development economics 1994 : keynote address - development issues in a changing world : new lessons, old debates, open questions (Английский)

The author notes in his keynote address that the development agenda has changed significantly in the past twenty-five years. Drawing on the experiences of recent decades, he sets out three necessary conditions for development: sustainable growth is necessary for a sustainable reduction in poverty, adjustment is necessary for the resumption of growth, and fiscal and monetary restraint is a necessary component of adjustment. However, these conditions...
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