2021
Evaluate the Theory of Vicious Circle of poverty. What are the factors necessary to break through this circle in a developing country like Pakistan?
(20)
Examiners want: Evaluation of poverty-trap theory, its fit to Pakistan, critiques, and the factors or policies needed to break out
Evaluate the Theory of Vicious Circle of poverty. What are the factors necessary to break through this circle in a developing country like Pakistan?
Describe the underdevelopment trap. Highlight the main ways in which poor countries attempt to overcome their poverty.
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News about this debate watches for: vicious circle of poverty, underdevelopment trap, nurkse, savings rate, human capital, big push, foreign aid, investment rate, low productivity, population growth.