Solow model framework for understanding growth of nations

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Reference no: EM1373549

Question1. Does the structure of global economy permit poor nations to catch up with rich ones? Is the Solow model a useful framework for understanding whether poor nations tend to catch up with rich ones? How do Sachs and Rodrik differ regarding the policies that are most likely to promote catching up?

Question2. To what extent is the Solow model a useful framework for understanding the growth of countries?

Question3. Differentiate Sachs and Warner vs. Rodrik on the sources and best means of attaining economic growth.

Question4. What does, and what doesn't, the Solow model tell us about the sources of economic growth and the best policies for attaining high per capita incomes?

Reference no: EM1373549

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