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Briefly state the tenets of the Malthusian trap and Michael Kremer's counter-thesis. In your answer, please make sure to cover: 1. the main feedback effect
Briefly state the tenets of the Malthusian trap and Michael Kremer's counter-thesis. In your answer, please make sure to cover:
1. the main feedback effect included in Kremer's view which wasn't in Malthus;
2. At least two important channels through which this feedback operates;
3. What type of policies can foster Kremer's feedback effect, and how they should be calibrated.
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