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The Development Matrix: Wake Up

The Development Matrix: Wake Up

Two World Bank economists scientifically prove that first-world countries pay more than third-world countries: Ask most people to name the most effective means of raising incomes of people in poor countries, and what would they say? Microfinance? Perhaps not after the recent experimental assessments. Deworming? It increased primary school participation and improved health, but in the short-term at least seems unlikely to raise household income. Conditional cash transfers? This might be a popular answer, with evidence from a number of countries that they…

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