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Facebook Twitter LinkedIn Reddit E-mail The gap between economic theory and practice is sometimes cavernous. According to one theory, developed financial markets and access to lenders should make it easier for people to borrow money, become entrepreneurs, and move up to higher income brackets. But new search in the Journal of Policy Modeling notes that, …

August 20, 2019: World Bank report on global water quality reveals poor water quality costs nations more than previously thought. He points out that in middle-income countries, GDP growth halves in areas downstream of heavily polluted water bodies. The report also challenges the Kuznets curve theory that environmental conditions will improve as wealth increases. It …