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This survey reviews models of self-reinforcing mechanisms that cause poverty to persist. Some of them examine market failure in environments where the neoclassical assumptions on markets and technology break down. Other mechanisms include institutional failure which can, by itself, perpetuate...
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After a synthetic presentation of the state of poverty and inequality in the world and the contradictions incurred by …. we recall the reasons which makes inequality a multidimensional phenomenon, while in paragraph 3. we explore the reasons … why the models of capitalism theory is relevant for studying multidimensional inequality. These paragraphs emphasise that …
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