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Poverty Trap Poverty trap is a self-perpetuating condition where an economy, caught in a vicious cycle, suffers from persistent underdevelopment. Although it is often modeled as a low-level equilibrium in a static model
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Document Date: 2005-05-20 20:05:18
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Poverty Trap Poverty trap is a self-perpetuating condition where an economy, caught in a vicious cycle, suffers from persistent underdevelopment. Although it is often modeled as a low-level equilibrium in a static model