Macroeconomics 5th Edition by Olivier Blanchard

تمرين 6

Productivity growth in the United States and China Productivity growth is at the heart of recent economic developments in the United States and China.
a. How has China achieved high rates of productivity growth in recent decades
b. How has the United States achieved high rates of productivity growth in the past decade (You can base your answer on the views of optimists about U.S. productivity growth.)
c. Why do you think your answers to parts (a) and (b) are different To what degree do you think China's methods of achieving productivity growth are relevant to the United States
d. Do you think China's experience provides a model for developing countries to follow