Paul Romer on culture and technology: lessons for acquisition
Do you think that the distinction between growth at the frontier and catch up growth is always so well defined? So if you think about China, they seem to have innovations: how quickly they can build things; they have an autocratic government, but they’ve managed to keep reasonable stability and the public on board. Isn’t that kind of innovation like a technological innovation and their growth in a way is at some other frontier rather than being just catch up?