Economic Comparison of Countries

The catch-up model predicts that relatively poorer countries should grow more quickly than richer countries over time.

1. Write 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.)