Faculty News | Institute for New Economic Thinking | 10
Why New Technologies Do Not Make Poor Countries Rich
Re: Diego A. Comin
Over the past two hundred years, poor countries have become faster at adopting the technologies of rich countries. So why is it, the economist asks, that poor countries have remained poor, by and large? The answer, Diego Comin says, is that poor countries use technologies less intensely: fewer people use less advanced computers less often.