Do poor countries *really* grow fast because they’re just accumulating capital (building more machines, etc), a la Solow? Isn’t that kind of crazy?Aren’t poor countries also catching up by **importing technology**?
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The Solow Model is overrated (for explaining…
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Do poor countries *really* grow fast because they’re just accumulating capital (building more machines, etc), a la Solow? Isn’t that kind of crazy?Aren’t poor countries also catching up by **importing technology**?