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  • Indian&American-EconomistFebruary 21, 1961
  • Indian&American-Economist
  • February 21, 1961
If the teachers and the parents do not believe that the child can cross the hump and get into the steep part of the S—curve, they may as well not try: The teacher ignores the children who have fallen behind and the parent stops taking interest in their education. But this behavior creates a poverty trap even where none exists in the first place.
Abhijit V. Banerjee
The poor stay poor here because they do not save enough.
Abhijit V. Banerjee

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