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Productivity world
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.
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Last updated on Friday September 19, 2008 at 01:57:40 PDT (GMT -0700)
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This article is licensed under the GNU Free Documentation License.
Last updated on Friday September 19, 2008 at 01:57:40 PDT (GMT -0700)
View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation
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