Laurent De Serres Berard

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Sen (1999, p. 45) presents a sharp contrast between two types of high-growth economies. In one, as exemplified by South Korea and Taiwan, high economic growth was accompanied by an expansion of social opportunities. In the other – for example, Brazil – GDP per capita experienced fast growth but without the comparable success in raising the levels of education and basic health care. Clearly, economic growth itself does not automatically expand social opportunities.
Capitalism with Chinese Characteristics: Entrepreneurship and the State
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