Economic Growth Is Not The B-All And End-All In The Third World – OpEd

By Jonathan Power*

Do we know how to end poverty in the Third World? Do we know why some economies expand and others don’t? Not really. There is no clear formula for growth. The two Nobel economics prize winners of last year, the husband and wife team of Abhijit Banerjee and Esther Duflo, write in the current issue of...