DO POVERTY traps exist? Academics seem to think so. According to Google Scholar, so far this year academics have used the phrase “poverty trap” 1,210 times. (Paul Samuelson, possibly the greatest economist of the 20th century, was mentioned a mere 766 times). Some of the most innovative work in development economics focuses on how individuals' lowly economic position may be perpetuated (geographical and psychological factors may be important).
But, says a new paper by two World Bank economists, the idea of poverty traps may be overblown. They focus on national economies and present some striking statistics. In the graph below, a country that manages to get to the left side of the line has seen real per-capita income improvement from 1960 to 2010. The vast majority are on the left:
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Economia
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Economia
Armadilha da pobreza
Poverty traps
Do poor countries really get richer?
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- A Tirania Dos Experts
The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor by ...
- Economia E Estatística Da Pobreza - O Caso De Canadá
/ POPOUT Social Issues 10 Things You Might Not Know About Poverty In Canada October 17, 2013 219 (Photo: Reuters) In 1993, the UN designated October 17 the International...
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