From the supply-side perspective of the vicious circle of development theory, why does a country remain impoverished?

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The available technology is insufficient to achieve self-relianceIts past poverty prevented adequate saving and investmentThere is an excessive level of underemploymentResources are allocated inefficiently

Explanation

According to the supply side of the vicious circle theory, a country stays poor primarily because its historical poverty limited its capacity to save and invest, which in turn hampers economic growth and development.