Weightless Machines And Costless Knowledge

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Weightless Machines and Costless Knowledge

Weightless Machines and Costless Knowledge
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Publisher : World Bank Publications
Total Pages : 36
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Book Synopsis Weightless Machines and Costless Knowledge by : Giorgio Barba Navaretti

Download or read book Weightless Machines and Costless Knowledge written by Giorgio Barba Navaretti and published by World Bank Publications. This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Knowledge, lacking weight and other physical attributes and being intangible, is a hidden factor of production, making economies grow "weightless." But knowledge is also imbedded in technology. If, becaue of low productivity, poor countries keep buying low-technology machines, will they remain stuck in a low-technology, low-growth trap?


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