POVERTY TRAPS AND PATH OF DEPENDENCE OF GROWTH PROCESS | DEVELOPMENT ECONOMICS | LEARN OIKONOMIA
9This video discsses POVERTY TRAPS AND PATH OF DEPENDENCE OF GROWTH PROCESS
In this video, we dive deep into the concept of poverty traps - vicious cycles that keep people stuck in poverty. We'll explore the factors that create these traps, like lack of education, healthcare, and resources. But most importantly, we'll discuss the path dependence of the growth process - how initial conditions can lock you into a cycle of poverty.
You'll learn:
What poverty traps are and how they work
The key factors that keep people trapped in poverty
How the path dependence of growth reinforces these cycles
Strategies to break free and build sustainable growth
#poverty #povertytraps #development #economics #growth #socialjustice
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