In the 1980s and 90s, liberal economic reforms in Africa and Latin America were supposed to help decrease poverty and increase growth. However, research up to 1998 was not promising for the impact of these reforms. In fact, it showed that there was almost no improvement over almost 20 years. But patience is a virtue for a reason. It turns out that liberal reforms actually do have an impact, and now Johan Norberg explains what these reforms actually did for poor countries.
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