In particular, the rise of emerging markets has challenged traditional Western deductive and inductive logic. Deductive inference enables us to predict effects if we know the principles (the rule) and the cause.

Many people remain in the growth only camp only because of an error in deductive reasoning unlike committed ideologues, they can be weaned from their position. That is why the World Bank s second goal of promoting shared prosperity is important not only in itself, but as an essential complement to the goal of ending poverty.