catch-up effect
Definition
A theory postulating that a convergence occurs between poorer economies and wealthy economies in terms of national income due to an acceleration of growth as poorer economies "catch up" in their use of technology. Economies with more established levels of productivity tend to grow more slowly than smaller economies that require much less capital to make significant gains.
Related Articles
- Should I Buy a Used or a New Car? *
- Types of Cash Investments *
- Understanding GARP Stock Investing Strategy *
- Irrevocable Trusts *
- Market Timing Strategy of Buying Stock *
- Categories of Stocks *
- Savings Bonds *
- Types of Advanced Options *
Related Videos
http://www.businessdictionary.com/definition/catch-up-effect.html
