Quotable: What's the point of economic development?

Quotable: What's the point of economic development?

Though Brazil's favelas are almost iconic now, the country's middle class is growing rapidly. Photo: webmink

The main aim of economic development must always be the improvement of living conditions. You cannot separate the two concepts.

- Dilma Rousseff, President of Brazil

"In other words, Brazil’s admittedly leftist government doesn’t spend a lot of time worrying about growth for its own sake, but rather connects it with alleviating poverty and growing the middle class," writes Joe Nocera in The New York Times.

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