Can #Poor Countries Catch Up? Greg Mankiw on #Growth Theories and #Development #Challenges

#Harvard Economics Professor, Greg Mankiw, weighs in on whether poor countries can leverage endogenous #growth theory or #neoclassical models to catch up with the developed world. While these #models offer valuable #frameworks, Mankiw explains why there’s no simple #policy prescription for economic growth in regions like Sub-Saharan #Africa. Instead – in the latest episode of Capitalism and Freedom in the 21st Century – he suggests that a combination of factors must be considered, with no single #solution offering a clear development path. #CF21