Problem
In the text, when we examined statistics from a wide range of developing countries, we found that growth does not guarantee poverty reduction; while higher income is clearly associated with less poverty, economies can even reach upper-middle-income status but continue to struggle with a quite high incidence of extreme poverty. What does this tell us about the importance of the character of a nation's growth process and about its institutional structure?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.