Which of the following statements is most accurate about the prospects for poorer ("follower") countries catching up with richer ("leader") countries?
A) Catching up is unlikely to occur because their growth rates are the same on average.
B) Catching up is unlikely to occur because richer countries tend to grow at a faster rate.
C) Catching up is possible, but only if growth rates in leader countries fall to zero or become negative.
D) Catching up is possible, as "follower countries" tend to grow faster than "leader countries."

Question

Quizplus · Accepted Answer

Follower countries tend to have higher growth rates than leader countries because they have more potential to adopt and benefit from technology and knowledge from leader countries. This can allow them to catch up and eventually close the gap. However, it may not be guaranteed and requires strategic economic policies and investments.

Which of the Following Statements Is Most Accurate About the Prospects