Many countries remain poor because they currently are poor. This statement summarizes the
A) infrastructure problem.
B) vicious circle of poverty.
C) demographic transition problem.
D) problem of capital ﬂight.

Question

Quizplus · Accepted Answer

The vicious circle of poverty refers to the idea that poverty is self-perpetuating, as poor countries lack the necessary resources and infrastructure to grow their economies and improve the standard of living for their citizens. This leads to a cycle of underdevelopment and poverty that is difficult to break without external assistance.

Many Countries Remain Poor Because They Currently Are Poor