"That so many people live in low-income countries and so few in middle and high-income countries indicates that economic development is hard." William W. Lewis
I am reading through this book by William W. Lewis and I found this quote on page 135 quite profound. I consider it an important point to recall as India, China, Brazil and the whole lot of African countries consider raising incomes and improving welfare. Development is not fluked and neither is it the result of centralized planning and disproportionately large government.
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