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[Related to the Making the Connection] Economist Charles Kenny of the World Bank has argued that: The process technologiesinstitutions like laws and inventory management systemsthat
[Related to the Making the Connection] Economist Charles Kenny of the World Bank has argued that: The process technologiesinstitutions like laws and inventory management systemsthat appear central to raising incomes per capita ow less like water and more like bricks. But ideas and inventionsthe importance of Bits and vaccines for DPTreally might ow more easily across borders and over distances. Source: Charles Kenny, Getting Better, New York: Basic Books, 2011, p. 117'. If Kenny is correct, these facts indicate that these lowincome countries DA. will have a healthier and more productive labor force as there is signicant improvment in health, education, and civil and political liberties. DB, will have a healthier and more productive labor force that will increase rapidly their rates of growth ofreal GDP per capita in the decades ahead. 00, will remain in their phase of stagnating growth and will never be able to catchup with the living standards with highincome countries. OD, will need a much lower rate of economic growth to signicantly close the gap in living standards with highincome countries. As these countries become able to increase their standards of living. there OA. may be an increase in income but higher rates of economic growth is needed for these countries to catchup with highincome countries. DE, will be a signicant drop in the rate of economic growth because these countries have very little growth in their incomes. QC, may be a decline in income and that will further lower the prospects ofgrowth for these nations. DEL will be economic growth but in order to have sustainable growth, these countries need their incomes to increase
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