Learning objectives
Explain how poverty cycles (poverty traps) perpetuate low income, low saving, low investment and low productivity across generations
Analyse economic barriers: rising inequality, poor infrastructure and technology, low human capital, dependence on primary sector exports, limited access to international markets, the informal economy, capital flight and indebtedness
Analyse geographical barriers, including landlocked location, tropical climates and endemic disease
Analyse political and social barriers: weak legal systems, insecure property rights, ineffective taxation, underdeveloped banking, gender inequality, poor governance, corruption and unequal political power
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