One of the growth challenges facing low-income countries is their tendency to have

Question

Quizplus · Accepted Answer

Low-income countries tend to have low levels of capital per worker, which limits their ability to invest in human and physical capital and hinders economic growth. This can lead to a trap where low levels of investment lead to low productivity, which in turn leads to low levels of income and low savings rates, perpetuating the cycle of poverty.

One of the Growth Challenges Facing Low-Income Countries Is Their