Differences in human capital do not explain different rates of catch-up.

Question

Quizplus · Accepted Answer

Differences in human capital, such as education and training, can contribute to differences in economic performance and growth rates between countries. However, they are not the only factors that explain different rates of catch-up. Other important factors include institutional quality, technology adoption, and access to finance and markets, among others.

Differences in Human Capital Do Not Explain Different Rates of Catch-Up