If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years.

Question

M??éšh Mâ??ã? · Accepted Answer

Final Answer : False, Explanation :  Economic catch-up, or convergence, typically requires sustained high growth rates over a long period, much longer than ten years, especially if starting from a low-income base. Factors such as investment in human capital, infrastructure, technological adoption, and stable economic policies are crucial for catch-up and usually take significant time to implement and yield results.

If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years.

Definitions

Learning Objectives

Learning Objectives

Related questions