Productivity world
From Wikipedia, the free encyclopedia
Productivity World is a term used by William Easterly to describe that relative productivity among Factors of production is the same in the sectors across countries, but rich countries have absolute productivity advantage.
It is used as the opposite of Factor world which claims Factors of production movement based on free movement of those factors which in theory would reduce inequality between nations.
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
