In discussions of the problem of economic development, a phrase that crops up frequently is ‘the vicious circle of poverty’. It is generally treated as something obvious, too obvious to be worth examining. I hope I may be forgiven if I begin by taking a look at this obvious concept.
CITATION STYLE
Nurkse, R. (1971). The Theory of Development and the Idea of Balanced Growth. In Developing the Underdeveloped Countries (pp. 115–128). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-15452-4_9
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