The Catch-Up Effect Says That Countries with Low Income Can

question 61

Essay

The catch-up effect says that countries with low income can grow faster than countries with higher income. However, in statistical studies that include many diverse countries we do not observe the catch-up-effect unless we control for other variables that affect productivity. Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with the rich ones.

Appreciate the impact of incentive plans on employee motivation and organizational success.

Understand how incentive pay can be linked to performance appraisals.

Recognize the role of employee's perception in the effectiveness of incentive pay plans.

Identify the factors necessary for the success of group incentive programs like gainsharing.

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Definitions:

Erythrocytes

These are red blood cells, responsible for carrying oxygen throughout the body via the blood.

Thrombocyte

Another term for platelets, which are small, disc-shaped blood cells crucial in blood clotting and preventing excessive bleeding.

Erythrocyte

A red blood cell that is responsible for carrying oxygen and carbon dioxide throughout the body.

White Blood Cell

Cells of the immune system that are involved in protecting the body against both infectious disease and foreign invaders.