The problem of cooperation and the savings based poverty trap model (Paperback)

Some economists and development agencies erroneously argue that simply handing out money to development countries is enough to launch a country into economic success. This book starts by reviewing one popular argument on which this claim is based, the savings based poverty trap model and its Neo- Classical origins. Subsequently it argues and explains why cooperation is essential for economic success and that the savings based poverty trap model should incorporate this insight. Finally a modest begin is made incorporating these insights into the savings based poverty trap model. This book gives a clear, understandable interpretation of a complex argument and uses excellent references. As such it is perfect for the laymen or college freshmen looking for a guide in a foggy and complex subject.