What We Should Expect
GDP per capita in different countries varies across the globe. While growth rates of GDP per capita vary, it is not always the poorest cou...
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... Australia, and Japan many key facts begin to show themselves. Each one of the countries has had an increase over the last decade and has shown economic growth in many different sectors. The United States GDP per capita for instance has grown from 39,682 in 2003 to 53,143 in 2013 (The World Bank, 2014). But the main question is how this is occurring in economies. Helpman has described this by relating theories to try and explain this. According to Helpman the role of trade links countries together and creates diffusion between the two countries. Spillovers of R&D can happen from richer countries to poorer countries but this can create a larger divergence because the benefits for the poorer countries is less than the ones for the richer countries. The United States high-technology export rose from 162,082,323,849 in 2002 to 148,772,488,404 in 2012.
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