Dynamics: collaborating for growth

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While growth rates have stabilized in many countries this year, it has become increasingly clear that an expanding economy does not automatically equate to poverty reduction.

With the legacy of the financial crisis limiting the ability of developed countries to continue funding assistance programs, the road ahead will be far from easy.

— Michael Cupit, EY

A quick look at the latest statistics underlines the scale of the ongoing challenge. In 35 low-income countries, 100 million more people are living in extreme poverty — defined as less than US$1.25 a day — than 30 years ago.

In the December 2013 edition of Dynamics, we analyze many of these challenges and hear from development leaders: