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(Solved): please type the answer by computer, so i can see it clearly, thank you!!! Please answer in more deta ...



please type the answer by computer, so i can see it clearly, thank you!!!

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We don't see a clear convergence in terms of per capita income between poor and rich countries empirically (there are only a few exceptions, like the Asian Tigers). This suggests that poor countries do not grow faster than rich countries on average (and oftentimes, they grow at lower rates). How can you explain these empirical facts? Can the Solow model explain the lack of convergence between poor and rich countries?



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There are a number of possible explanations for the lack of convergence between poor and rich countries in terms of per capita income. One possibility is that poor countries simply do not have the same growth potential as rich countries. Another poss
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