Another story is that this is a standard diminishing returns case, and once we have removed all the very big blockers like non-functional rule of law, property rights, untreated food and water, as well as disease, it’s very hard to make the people who would still remain poor actually improve their lives, because all the easy wins have been taken, so what we are left with is the harder/near impossible poverty cases.
Another story is that this is a standard diminishing returns case, and once we have removed all the very big blockers like non-functional rule of law, property rights, untreated food and water, as well as disease, it’s very hard to make the people who would still remain poor actually improve their lives, because all the easy wins have been taken, so what we are left with is the harder/near impossible poverty cases.
Yeah I think these two claims are essentially the same argument, framed in different ways.