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Several arguments suggest that low-income countries might have an advantage achieving greater worker productivity and economic growth in the future. Offer two such arguments and discuss their relevance.

As much as the human and physical capital in economy increases, there is a decrease in the marginal gain in economic growth that will diminish.

Explanation:

Low-income countries might have an advantage achieving greater worker productivity and economic growth in the future as their economic growth is faster than the high - income countries.

As much as the human and physical capital in economy increases, there is a decrease in the marginal gain in economic growth that will diminish. And this is called, the laws of diminishing returns.

Secondly, low - income countries find it easier in developing technologies than the high - income technologies especially countries like India and China.

High - income countries put effort in inventing new technologies, whereas low - income countries just improve and improvise their technology.

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