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...

This Article explores government investment in banks and discusses some of the implications of the investments. In addition to detailing government bank stock investment during the current financial crisis, the article recounts the government's prior extensive investment in preferred stock of...

Die Massenarmut in den Entwicklungsländern stellt ein großes Problem, ihre Beseitigung bzw. Minderung entsprechend ein wichtiges entwicklungspolitisches Ziel dar. Als arm gelten nach BMZ-Definition jene Menschen, die 'nicht über das Minimum an monetärem und nichtmonetärem Einkommen...