"Cutting-edge" economic growth is mainly the result of:

Question

Quizplus · Accepted Answer

"Cutting-edge" economic growth suggests the use of advanced technologies and techniques in production, which can only be possible through technological advances. Options A and B may contribute to economic growth, but they cannot sustain the cutting-edge growth momentum. Conditional convergence holds that countries with lower income per capita grow faster than those with higher income per capita until they converge towards a similar income level. However, this theory does not address the main factor responsible for cutting-edge growth, which is technological advancement.

"Cutting-Edge" Economic Growth Is Mainly the Result Of