In the modern economic growth process, it is typical to ﬁnd that
A) leader countries continue to grow faster than follower countries.
B) follower countries can grow faster than leader countries.
C) large countries cannot grow faster than leader countries.
D) the gap between the leader countries and the follower countries stays constant.

Question

Quizplus · Accepted Answer

In the modern economic growth process, follower countries can leverage technology transfer and learning from leader countries to grow faster than them. This is often referred to as the "catch-up effect." Therefore, it is possible for follower countries to grow faster than leader countries.

In the Modern Economic Growth Process, It Is Typical to ﬁNd