Poorer follower countries can grow much faster than leader countries because they can simply adopt existing technologies from richer leader countries.

Question

Quizplus · Accepted Answer

Poorer follower countries can save time and resources by adopting already existing technologies and implementing them, avoiding the trial and error process that leader countries have been through. This allows them to grow faster in terms of economic development, production, and innovation.

Poorer Follower Countries Can Grow Much Faster Than Leader Countries