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295 Industrial development and economic growth : Implications for poverty reduction and incomeinequalityMatleena Kniivil *1. IntroductionThe share of poor people in the global population has declined during recentdecades. According to Chen and Ravallion (2004), one-third of the popula-tion of the world lived in poverty in 1981, whereas the share was 18 per centin 2001. The decline is largely due to rapid economic growth in population-rich countries like China and India. There are, however, remarkable differ-ences between countries and between regions in the developing world. Someregions and countries, notably in East Asia, are rapidly catching up to indus-trialized countries.
295 Industrial development and economic growth: Implications for poverty reduction and income inequality Matleena Kniivilä* 1. Introduction The share of poor people in the global population has ...
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