Reply to "BJ - Dem dimwits can't match you."

MitwahSenior Member

Randolph, where did you take your Micro-Economics courses? What do you know about endogenous growth?

8. The PPP/C donkey-cart economy exports most of its skilled and educated workforce. According to the OECD, Guyana exports 83% of its skilled population (the highest percentage among developing economies). Hence, there is the depreciation of the human capital base, which is a critical ingredient for long-term growth and development. Furthermore, the depreciation of the human capital base also involves the downgrading of the entrepreneurial and risk taking base. Of course, the contribution of human capital to growth (of high quality) is well explicated by endogenous growth theory. Moreover, Guyana is not India and is unlikely to earn the touted brain gain (as Dr. Misir has assumed) as in the Indian case.

2/13/164:19 PM

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