Problem
More than one development economist has opined that "poor countries are poor because they are poor." What might at first sound like a vacuous and not very helpful observation actually captures the essence of the neoclassical theory of economic growth. Looking at note 2 below and the material in the text related to it, explain in words why saying "poor countries are poor because they are poor" might in fact be a very rich statement reflecting some basic facts of real world economies that may impact on their ability to grow.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.