Because they do not save as much.
Because they do not invest as much.
Because their population grows faster.
Because of natural disasters.
Because Romania is catching up with them.
Because they have reached the limit of their current institutions.
Because they have reached the limit of their geographical location.
Total votes: 4
Learning objectives:
Understanding the Harrod-Domar growth model.
Understanding the Neoclassical growth model (Solow-Swann).
Understanding the concept of a middle-income trap.
Applying these models and concepts to the explanation international differences in economic growth.
Presentation videos: