Catch-up growth can be differentiated from cutting-edge growth as follows:
A) Catch-up growth leads to convergence while cutting-edge growth does not.
B) Catch-up growth comes primarily from capital accumulation while cutting-edge growth comes from technological development.
C) Poorer countries with low levels of capital stock will always display catch-up growth.
D) None of these answers is correct.

Question

Quizplus · Accepted Answer

Catch-up growth often involves capital accumulation as poorer countries adopt existing technologies, while cutting-edge growth relies on innovation and technological development.

Catch-Up Growth Can Be Differentiated from Cutting-Edge Growth as Follows