he rapid increase in real GDP per capita that can be achieved when a poor follower country adopts, rather than reinvents, cutting-edge technologies that took leader countries decades to invent and implement is known as growth.
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Jerelyn N.
Economist Charles Kenny of the Center for Global Development has argued: The process technologies - institutions like laws and inventory management systems that appear central to raising incomes per capita flow less like water and more like bricks. But ideas and inventions- the importance of [education] and vaccines for DPT-really might flow more easily across borders and over distances. If Kenny is correct, what are the implications of these facts for the ability of low-income countries to rapidly increase their rates of growth of real GDP per capity in the decades ahead? What are the implications for the ability of these countries to increase their standards of living? Briefly explain.
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The growth models we examined this semester predict that Group of answer choices GDP per capita of poor countries will grow more rapidly than in rich countries. Governments must centrally direct the economy for growth to occur. GDP per capita of poor countries will never change. GDP per capita of rich countries will grow more rapidly than in poor countries.
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