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Institutional dimensions of poverty reduction (Английский)

The institutional focus of this paper, on the poor as necessary actors in development, is best seen in the context of the Bank's evolving approach to poverty reduction. During the first two decades of existence, the primary goal of Bank activities was to increase the aggregate growth rate of its borrowers. Benefits from growth were supposed to trickle down, however, by the 1970s it was apparent that this "trickle down" strategy was a failure. While...
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