Poverty Trap Analysis

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Before 1978, China was a poor country with a planned economy overseen by a Maoist bureaucracy. In 1981, an estimated 44 percent of the global population lived in extreme

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• Before 1978, China was a poor country with a planned economy overseen by a Maoist bureaucracy.
• In 1981, an estimated 44 percent of the global population lived in extreme
• Explore the paradox of welfare programs, and learn how they inadvertently reinforce generational

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