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© 2012 Pearson Education, Inc. Publishing as Prentice Hall

vicious-circle-of-poverty hypothesis  Suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow.

capital flight  The tendency for both human capital and financial capital to leave developing countries in search of higher expected rates of return elsewhere with less risk.

Economic Development: Sources and Strategies

The Sources of Economic Development

Capital Formation

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