Reaching the Poor: Prospects and Constraints
As early as May 1950, in his famous essay ‘Distribution of Gains Between Investing and Borrowing Countries’ Hans Singer pointed out that ‘the import of capital into underdeveloped countries for the purpose of making them into providers of food and raw material for the industrialized countries may have been not only ineffective in giving them the normal benefits of investment and trade but may have been positively harmful’.
KeywordsPoverty Alleviation Underdeveloped Country Limited Natural Resource Normal Benefit Famous Essay
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