Why Growth Rates Diverge Across Countries
Reliable property rights, predictable regulation, and transparent courts reduce uncertainty, encouraging investment and innovation. In comparative perspective, countries with stable, inclusive institutions typically convert savings into productive capital faster, sustaining growth and weathering shocks with fewer reversals.
Why Growth Rates Diverge Across Countries
A youthful population can boost growth if education and health systems translate people into skills. Comparative data repeatedly show that literacy, years of schooling, and vocational training amplify productivity gains, especially when connected to industry needs and regional value chains.