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 …

established, including a poverty trap, wherein children work full-time and no human capital accumulation takes place, with … continuous growth at an asymptotically steady rate as an alternative. We show that a society can escape from the poverty trap …