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Describe the vicious circle of poverty What are the consequences of this cycle

 Describe the vicious circle of poverty. What are the consequences of this cycle?

2.              Explain why the LDCs are unable to invest much in capital goods and human capital.

3.              What basic prerequisites to economic progress are lacking in LDCs? How does the absence of these
              prerequisites inhibit development?

4.              What is the big-push strategy and what are the problems associated with financing a big-push?

5.              What is the unbalanced development strategy and how does this strategy create forward and backward
              linkages into the economy?

Feb 11 2020 View more View Less

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