According to the big push theory of economic development, low income traps exist due to :
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JNU SIS 2020 Question 35: Theories of development
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Theories of development has come up 59 times in 6 exams since 2010.
What this question tests
This question is on The big push, balanced growth and the vicious circle, part of Theories of development in Economics of Growth and Development.
Why poor economies may need many investments at once to escape stagnation.
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