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According to your textbook, we have two arguments that low-income countries might have an advantage in achieving greater worker productivity and economic growth in the
According to your textbook, we have two arguments that low-income countries might have an advantage in achieving greater worker productivity and economic growth in the future. These two arguments are: Economies of scale, and Advantages of Backwardness Diminishing Marginal Returns, and Advantages of Backwardness Economies of scale, and Developing new technology Diminishing Marginal Returns, and Developing new technology
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