Large cities in developing countries grow at much faster rates than in developed
countries. Explain why this is so.
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45
Answer:
Developing countries have the potential to grow at a faster rate than developed countries because diminishing returns (in particular, to capital) are not as strong as in capital-rich countries. ... "Beta-convergence" on the other hand, occurs when poor economies grow faster than rich ones.
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24
Answer:
Developing countries have the potential to grow at a faster rate than developed countries because diminishing returns in particular, to capital are not as strong in capital rich countries . further more poorer countries can replicate the production methods technology and institution of developed countries.
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