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Levels and rates of growth of “real” per capita GNP (monetary growth of GNP per capita minus the rate of inflation) are normally used to measure the overall economic well-being of a population.
Prior to the 1970s, development was seen as an economic phenomenon in which rapid gains in overall and per capita GNP growth would either trickle down to the masses in the form of jobs and other economic opportunities or create the necessary conditions for the wider distribution of economic and social benefits of growth. Problems of poverty, unemployment, and income distribution were of secondary importance to “getting the growth job done...
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