The "Catch Up Phenomenon" Refers to

The "catch up phenomenon" refers to

A) the ability of an economy to recover from a severe recession.
B) the ability of lower income countries to grow rapidly by emulating the practices and technology of higher income countries.
C) the likelihood of a sharp decline in asset and stock market prices following a prolonged period of economic growth.
D) the failure of low-income countries to catch up with high-income countries because no country can sustain economic growth over long periods of time.