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The Standard of Living and the Capacity to Save

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The Standard of Living and the Capacity to Save
Author(s)Nurkse, Ragnar
AbstractMany poor nations face a vicious cycle that prohibits development. This selection applies the economic theory of the “demonstration effect” to explain why many poor nations are not generating the sufficient capital to have productive economies.
IssueNo1
Pages57-81
ArticleAccess to Article
SourceProblems of Capital Formation in Underdeveloped Countries
VolumeNo
PubDate1953
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