Low capital countries struggle to catch up without innovation support.
The article discusses how saving and investing money, along with low initial levels of capital, are crucial for countries to grow economically. While traditional theory suggests that countries with less capital should grow faster, this hasn't always been the case in Africa and other developing nations. New research shows that factors like education and good governance play a big role in economic growth. Without the right institutions in place, poorer countries are unlikely to catch up with richer ones.