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9783639188745

The Problem of Cooperation and the Savings Based Poverty Trap Model

by
  • ISBN13:

    9783639188745

  • ISBN10:

    3639188748

  • Format: Paperback
  • Copyright: 2009-08-15
  • Publisher: Vdm Verlag Dr Mueller E K

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Summary

Some economists and development agencies erroneously argue that simply handing out money to development countries is enough to launch a country into economic success. This book starts by reviewing one popular argument on which this claim is based, the savings based poverty trap model and its Neo- Classical origins. Subsequently it argues and explains why cooperation is essential for economic success and that the savings based poverty trap model should incorporate this insight. Finally a modest begin is made incorporating these insights into the savings based poverty trap model. This book gives a clear, understandable interpretation of a complex argument and uses excellent references. As such it is perfect for the laymen or college freshmen looking for a guide in a foggy and complex subject.

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