Global Business EnvironmentWhat Can Growth Theory Tell Us?Why have East Asian countries grown so quickly? What produces a growth miracle? To what extent can other countries replicate this experience?Why do some countries get trapped in poverty?
Global Business EnvironmentLong-Run Growth: The FactsEnormous variation in incomes across countries.Large variation in growth rates.Most poor countries grow slowly.Most rich countries grow moderately.A few previously poor countries grow very fast.Current growth is explosive by historical standards.
has intentionally blurred sections.
Sign up to view the full version.
Global Business EnvironmentAn Overview of Growth TopicsToday: Where does growth come from?A simple model.Can increases in capital and labor sustain growth?How does technological progress propel growth: The idea of increasing returns.What kinds of institutions and policies promote growth?