A major reason for the different growth rates between countries in Africa and East Asia is

Question

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The different growth rates between countries in Africa and East Asia can largely be attributed to the different saving rates. East Asian countries have a higher saving rate, which means they have more money to invest in their economies, leading to higher growth rates. African countries, on the other hand, have lower saving rates, which limits their ability to invest in their economies and slows down their growth rates. Other factors such as education levels and proximity to advanced countries can also play a role but the saving rate is the most significant factor.

A Major Reason for the Different Growth Rates Between Countries