The classic narrative of economic development - poor countries are caught in poverty traps, out of which they need a … scarce. Poverty traps in the sense of zero growth for low income countries are rejected by the data in most time periods …

The classic narrative of economic development - poor countries are caught in poverty traps, out of which they need a … scarce. Poverty traps in the sense of zero growth for low income countries are rejected by the data in most time periods …

poverty traps, a notion that was widely current in the 1950s. This idea, most actively promoted by economist Jeffrey Sachs … developing countries are caught in a poverty trap that requires a big push of aid and investment in order to reach a take-off to … do not support the view that poverty traps of zero growth or takeoffs are a widespread occurrence among low …