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Concept information

There is no term for this concept in this language.

PREFERRED TERM

 

DEFINITION

  • A poverty trap is a self-perpetuating condition, in which an economy suffers from persistent underdevelopment, vicious circle of poverty, created by circular causation due to the presence of some external economies and/or strategic complementarities. (en)

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URI

http://aims.fao.org/aos/agrovoc/c_6ff2859d

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