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The Catch-Up Effect Is the Idea That Up to a Certain

question 24

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The catch-up effect is the idea that up to a certain point, developing countries can achieve greater productivity for each unit of capital invested because they have the advantage of using technologies already developed by other countries.


Definitions:

Collective Unconscious

A term coined by Carl Jung to describe structures of the unconscious mind shared among beings of the same species.

Personal Unconscious

In Jungian psychology, the portion of the unconscious mind containing an individual's thoughts, memories, and feelings that are not readily accessible.

Repressed Thoughts

Ideas, memories, or desires that are unconsciously kept out of conscious awareness due to being deemed unacceptable or uncomfortable.

Defense Mechanism

Mental techniques used by people to deal with reality and sustain their perception of themselves.

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