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India, China, Uganda Show Investment is Key.
(From East African (Kenya) - AAGM)
Byline: Jon Page, And Warrick Smith
Most countries strive to improve living standards and reduce poverty, but China, India, and Uganda stand out for their achievements.
China's growth over the past 20 years has been unprecedented, lifting 400 million people out of poverty. India has more than doubled its average growth rate since the 1970s, making big inroads into poverty. Uganda achieved a growth rate from 1993 to 2002 that was eight times the average in sub-Saharan Africa, reducing the share of the population living under $1 a day by a third.
How did they do it? The World Development Report 2005: A Better Investment Climate for Everyone, shows that a large part of the explanation lies in the progress each country has made in improving its investment climate -- the opportunities and incentives for firms to invest productively, create …
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