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Authors

Junette Davids

Abstract

The World Bank reported that during the past three decades the developing world has made enormous economic progress. This is illustrated in the rising trend for incomes and consumption: between 1965 and 1985 consumption per capita in the developing world went up by almost 70%. Midgley, also reported that developing countries have recorded high rates of economic growth, achieved high degrees of industrialization and made significant social progress. Given this scenario one would assume that poverty has also decreased markedly. However, even though some developing countries have recorded high rates of economic growth, achieved high degrees of industrialization, and made significant social progress in the last decades, poverty and underdevelopment still persist. South Africa is an example of a country where poverty persists despite economic development in recent decades.

 

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