Asked by unknown person on Jul 16, 2024
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The vicious circle of poverty in the poorest DVCs can also be expressed as,
A) "The rich get richer, while the poor get poorer."
B) "Fate dealt the poor nations a bad hand."
C) "The poor nations stay poor because they are poor."
D) "Historical developments have oppressed the poor nations' incomes."
Vicious Circle of Poverty
A self-perpetuating mechanism whereby poverty leads to conditions that perpetuate poverty, making it difficult to escape without external intervention.
Poor Nations
Countries characterized by low levels of income, economic development, and industrialization.
Historical Developments
Refers to significant events, changes, or evolutions that have occurred over time, shaping societies, cultures, and the world.
- Understand the detrimental loop of poverty and its impact on stifling economic expansion in Developing and Vulnerable Countries.
Verified Answer
Learning Objectives
- Understand the detrimental loop of poverty and its impact on stifling economic expansion in Developing and Vulnerable Countries.
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