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QUESTION

Technology has certainly been a huge contributor to labor productivity and in turn standards of living over the past 30 years.

When you look at "Eye on Rich and Poor Nations" pg. 473 we can see that there is fairly stagnant growth in the poorer nations such as Eastern Europe, Central and South America, and Africa. Do you feel that we, as the richest nation have a moral obligation to invest capital, labor, and technology in these poorer countries in order to enhance their economic growth in terms of real GDP per person? Explain to us your response.

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