Which of the following would help a country develop from catch-up growth to cutting-edge growth?
A) a well-functioning market system
B) abolishing the system of patents and copyrights
C) limiting domestic savings
D) spillovers from idea production

Question

Quizplus · Accepted Answer

Spillovers from idea production would enable a country to move from catch-up growth to cutting-edge growth by allowing it to access and benefit from new ideas and technologies. A well-functioning market system is necessary for any kind of economic growth, but it alone may not be sufficient to drive a country towards cutting-edge growth. Abolishing patents and copyrights could harm innovation and idea production, and limiting domestic savings could constrain a country's ability to invest in research and development.

Which of the Following Would Help a Country Develop from Catch-Up