L3 - US Convergence Flashcards
1
Q
What is periphery
A
Outskirts of an area
2
Q
What is longevity
A
How long something lasts
3
Q
What is Emergence
A
Something that is coming out
4
Q
Give one country which has a relatively high labour productivity and high real wages (1997-2007)
A
Romania,Lavita,Estonia,Lithuania
5
Q
Give one country which has a low labour productivity and high real wages (1997-2007)
A
Germany,Netherlands,Israel,US,Canada,France,Spain,Japan
6
Q
What percentage of people earn less than $1
A
19%
7
Q
What was the fastest year for Equtorial Guinea Annual GDP growth
A
1997
8
Q
Which country managed to catch up to USA economically?
A
China
