Abstract

The economic performance of countries is determined, to a significant extent, by their ability to generate internally key productive resources and/or obtain them from external sources. Although the relative importance of the different factors that interact in the production of goods and services and the generation of incomes may vary among countries, financial and physical capital, technology, technological, organizational and managerial capacities and the quantity and quality of the workforce are central factors determining output and its growth. Building up assets and capabilities for production is particularly important for developing countries, where stocks of created assets -- especially physical and human capital and technological capacities -- are well below those of developed countries.

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