is much easier for poor countries to grow faster than it is for rich countries b

http://blog-imfdirect.imf.org/2011/10/21/growing-pains-europes-dilemma/”It is much easier for poor countries to grow faster than it is for rich countries because they can import technology they do not already have. It is much more difficult to grow fast if you are already rich and at the technology frontier—now you can only get richer by innovation.” -Bas Bakker

This is a basic law of economics. It’s immutable. But that doesn’t stop people from ignoring it….