A Puzzle: the Share of GDP Devoted to Investment Was

question 37

Essay

A puzzle: The share of GDP devoted to investment was similar for Canada and South Korea over the past 40 years. However, South Korea had a 6 percent growth rate of average annual income, while Canada had only a 2 percent growth rate over that past 40 years. How can this be explained?

---

Definitions:

Procure-to-Pay

The end-to-end process involved in procuring goods and services, from initial requisition through to payment of the suppliers.

Approval Workflow

A systematic process in an organization for reviewing and approving documents or plans through a series of steps and stages.

Compliance Management

Systems and processes in place within organizations to ensure adherence to laws, regulations, and standards.

Strategic Importance

The significance or value of a decision, action, or asset in achieving long-term organizational objectives or competitive advantage.