Construct · 1 fields · 1 citations

vicious circle of poverty: a standalone construct

One name. One construct. A landmark on the map.

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Development studies

the idea that low income leads to low saving and demand, which keeps investment and productivity low and so keeps income low.

In development studies, vicious circle of poverty refers to the idea that low income leads to low saving and demand, which keeps investment and productivity low and so keeps income low. This meaning comes from Nurkse (1953) in Problems of capital formation in underdeveloped countries.[1]

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Nearby constructs

capital2 fields · 3 citationsjingle · one word, two constructs demand4 fields · 4 citationsjingle · one word, four constructs development1 fields · 2 citationsanchor · a standalone construct

References

Nurkse, R. (1953). Problems of capital formation in underdeveloped countries. Blackwell. Open Library record

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