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Transnational Thursday for August 8, 2024

Transnational Thursday is a thread for people to discuss international news, foreign policy or international relations history. Feel free as well to drop in with coverage of countries you’re interested in, talk about ongoing dynamics like the wars in Israel or Ukraine, or even just whatever you’re reading.

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Thinking about working hours vs. GDP/cap, for example in this graph. It seems that poor countries aren't poor because of any lack of work. If anything, people in poor countries work much more. However, their productivity is low in comparison to richer countries. How can poor countries improve their productivity? Is it as simple as introducing technology and organizational systems from the West, or is there more to it?

Since you're largely stuck with the human capital and natural resources you have the only thing you have control over is improving your institutions and create enough stability that people dare to invest.