সাতকাহন
Seven trashes collected by the senses.
- I wish I had watched it with my brothers.
- Two takes on the Russia trip: the editor and the blogger.
- TICFA.
- America.
- Two takes on BNP and Jamaat: the editor and the blogger.
Mukti
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I am reading a lot about Lewis Turning point but is there a brief but layman-friendly description of the same? I have some knowledge on Macro-economics.
At the risk of super-over-simplification, LTP happens when a country runs out of cheap labour. This can happen because of migration, or demographic change, or politics. When it happens, economic growth slows down. If it happens before your country has developed sufficiently, then you are stuck in the middle income trap. To get out of the trap, you need improve innovation or institution or both.