Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

W4 Lessons Learned_1...
Discussion Guidelines Rubrics • RTMG BUSN Forums Rubric The first lesson learned from the process of selecting previous coursework for revision had been to search the proper assignment. There had be...

W4 Lessons Learned
W4 Lessons Learned

Discussion Guidelines Rubrics • RTMG BUSN Forum

Module 8-Db Forum_16...
Earlier research on deadly force has looked to recognize proper components that can adequately control cops' choices to

Module 8-Db Forum
Module 8-Db Forum

Earlier research on deadly force has looked to rec

Chapter 3 Discussion...
According to the video, as apple attempts to forecasts its demand for its phones it needs to consider two factors, competition from other firms producing smartphones and competition from substitute go...

Chapter 3 Discussion
Chapter 3 Discussion

According to the video, as apple attempts to forec

Unit 4 DQ1_Macro

Unit 4 DQ1_macro

Q The catch-up model predicts that relatively poorer countries should grow more quickly than richer countries over time. 1. Write a paragraph explaining why this economic model would occur. 2. Have the predictions of the model been accurate? (Use an academic journal article to support your answer.) 3. What are some reasons that countries might have failed to “catch-up” over time? (Utilize current laws, politics, or economic conditions to explain.) (Use an academic journal article to support your answer.) 4. What, if anything, should those countries do differently in the future? (This can be a personal reflection based on the academic journal article information already analyzed.)

View Related Questions

Solution Preview

View Complete Solution
The catch up model is also known as the theory of convergence. In this mode, it states that the countries that are poor do grow much faster compared to that of the richer countries and there are several reasons behind this. Not only do the poor countries grow faster but they also attain a high level of per capita income compared to that of the rich countries. There are several reasons behind this though. The main reason can be considered that the poor countries do get the opportunity to take some of the important things from richer ones and implement in their own countries.