There are many different determinants of productivity that when not kept constant may tend to prohibit or limit a poor country’s ability to catch up with rich ones. In most poor country’s people tend to save very little to invest later in capital due to the low wages of most workers that tend to be so low as to be barely enough to meet the necessities of life as opposed to rich countries who tend to have incentives by the government to save. Since saving and investment plays such an important... Read Full Story

Wikizines are interactive magazines that anyone can create or edit - and this one is called "International Economics". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own... Read Full Story

1.     There are many different determinants of productivity that when not kept constant may tend to prohibit or limit a poor country’s ability to catch up with rich ones. In most poor country’s people tend to save very little to invest later in capital due to the low wages of most workers that tend to be so low as to be barely enough to meet the necessities of life as opposed to rich countries who tend to have incentives by the government to save. Since saving and investment plays such an... Read Full Story