Question: please ans this ques briefly (6) Suppose that new technical knowledge arrives in the developed world and later diffuses to the developing world. Countries which

please ans this ques briefly (6) Suppose that new technical knowledge

please ans this ques briefly

(6) Suppose that new technical knowledge arrives in the developed world and later diffuses to the developing world. Countries which lag behind more in the world income hierarchy would then have access to a greater pool of new (yet unadopted) ideas. Would this allow such countries to grow faster than their more developed counterparts (who, after all, have to invest resources in creating the new knowledge)? Is this a route to convergence? Discuss

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