Murphy et al. (1989). We show under which conditions the global economy in our model is caught in a poverty trap … the set of parameter combinations leading to a poverty trap, whereas international trade makes it more difficult to …

The paper reviews the history and progress of understanding of development theory over the past 50 years. Development … guide development practitioners in prioritizing, sequencing, and characterizing all interventions aimed at reducing poverty. …

Reviews of history and progress of understanding of development theory for reducing poverty in developing countries …