Less-developed countries-vicious circle of poverty

Assignment Help Business Economics

Reference no: EM131173513

Less-developed Countries (LCDs) are caught in a vicious circle of poverty. For output to increase, they must build up capital. To build up capital, they must save and consume less that what they are producing. However, because they ate poor, they have little or no extra output available for savings as it must go toward feeding and clothing the current generation. Thus, they are destined to remain poor forever. How should developed-countries and international institutions assist LCDS to develop and are there unintended consequences?

Reference no: EM131173513

Questions Cloud

How the step down method improves upon the direct method : What method has Software Plus Corporation been using to allocate support costs?- Which method would ignore all interactions among support departments? Explain.

Presidential race is in progress : The Presidential race is in progress. The Republican side is undecided. The republicans are arguing who is the best choice. 200 Republicans were randomly selected to determine if they liked Trump, Cruz

What was the size of the monthly payments : Leanne Simon made ordinary annuity payments of $96.00 per month for twenty-two years earning 10.2% compounded monthly. How much interest is included in the future value of the annuity?

Cost of leasing the new equipment : The cost of leasing the new equipment will be $300 per day, and you'll need one for each dock. Manage the arrival schedule so that trucks arrive at the same rate, but at specific times (i.e. the interarrival rate is a constant 4 minutes, vs. expone..

Less-developed countries-vicious circle of poverty : Less-developed Countries (LCDs) are caught in a vicious circle of poverty. For output to increase, they must build up capital. To build up capital, they must save and consume less that what they are producing. However, because they ate poor, they hav..

Why wella kolestint will succeed or fail in the marketplace : Customer Relationship Management. Prepare a 2000 Words report on topic "Wella Kolestint (Hair Color)". Steps taken to inform the customer of the needs identified. Extent to which the product purports to satisfy consumer needs. Why the product will su..

Confidence interval estimate for the population proportion : a. Construct a 95% confidence interval estimate for the population proportion of tech CEOs who indicate technological advances as one of the global trends that will transform their business.

Rising population growth mixed with low human capital : How could free trade between the United States and Canada lead to more jobs in the United States? Rising population growth mixed with low human capital investment explains why many countries are less developed. How would you go about resolving these ..

What is the sample size : Given this result from a non-directional Pearson's correlation: r(13) = -.78

User Account

All Pages