OECD Factbook 2008
Economic, Environmental and Social Statistics
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Historical income and productivity levels
The process of “catch-up” in average income implies that less advanced economies should experience faster growth in output per capita, typically by adopting the practices of more advanced economies, notably as regards capital, technology and labour utilisation. While less developed countries may grow more rapidly at the beginning of the catching-up process, their economic growth rates are expected to decline over time as their income levels come closer to those of the more advanced countries.
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