The ability of poor countries to grow more rapidly than high-income countries is known as the:

Question

Quizplus · Accepted Answer

The catch-up effect refers to the theory that poorer economies tend to grow at a faster rate than wealthier economies, allowing them to "catch up" in terms of economic development and income levels. This is often due to the fact that it's easier to improve productivity when starting from a lower base, among other factors.

The Ability of Poor Countries to Grow More Rapidly Than