### Illustrate what does and what does not the solow model

Assignment Help Macroeconomics
##### Reference no: EM1334875

Solow model

Here is the problems:
1. Does the structure of the global economy allow poor countries to catch up with rich ones? Is the Solow model a useful framework for understanding whether poor countries tend to catch up with rich ones? How do Sachs and Rodrik differ regarding the policies that are most likely to promote catching up?

2. To what extent is the Solow model a useful framework for understanding the growth of nations?

3. Compare and contrast Sachs and Warner vs. Rodrik on the sources and best means of attaining economic growth.

4. What does, and what doesn't, the Solow model tell us about the sources of economic growth and the best policies for attaining high per capita incomes?

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