Economics · Economic Development
According to Ragnar Nurkse, how can countries break free from the vicious circle of poverty?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1By relying on foreign aid for long-term development
- 2By implementing policies that promote higher savings, investment, and infrastructure development✓
- 3By focusing solely on agricultural development
- 4By increasing population growth to boost labor supply
Correct answer
By implementing policies that promote higher savings, investment, and infrastructure development
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