Examlex
Fourth-generation tools cannot replace conventional development tools because they
Output Per Worker
The average production or output produced per unit of labor, often used as a measure of labor productivity.
GDP Devoted To Investment
The portion of the Gross Domestic Product that is spent on investments in capital goods, infrastructure, and other activities to promote economic growth.
Poor Countries
Nations with low levels of economic activity, low per capita income, and generally low standards of living.
Catch-Up Effect
The property whereby countries that start off poor tend to grow more rapidly than countries that start off rich
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