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Why growth matters : how economic growth in India reduced poverty and the lessons for other developing countries
Synopsis:
Columbia University economics professors (and Indian expats) Jagdish Bhagwati and Arvind Panagariya argue forcefully from the example of India that the best way to lift millions of people out of poverty is economic growth (hence the book's title), promoted through liberalizing reforms. Bhagwati and Panagariya make what could be eye-rolling, dry economic theory lively and passionate as they apply the lessons of Indian reforms to the rest of the developing world.