Unformatted text preview: properties of that index: (a) it tends to increase with the length of observing a mentor at work, but (b) this tendency is subject to some upper-bound over time. These two properties in turn have the following implications: (i) Why it beyond licensing advanced technology, a developing economy often offers inducement to joint ventures from developed economies, so that its local inexperienced labor can gain proficiency, (ii) Usually such inducement lasts for some finite period of length (iii) Even when there is no effective monitoring, the developed country does not mind to allow its advanced practice being observed....
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- Fall '08
- Economics, Human Development Index, Developed country, Cyprus, local inexperienced labor