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The transformation of a country from poverty to prosperity is not only a process of surpassing itself but also of outperforming other economies, which to a certain extent embodies the growth rate competition and mutual catch-up among nations. Therefore, for a catch-up economy, discussing relative growth is more meaningful than discussing absolute growth itself. Based on data on GDP per capita and its growth rate of over 180 countries and regions from 1900 to 2018, this chapter sets the benchmark growth rate of the world economy as a reference. It identifies the high-speed economic growth interval of typical economies, as well as the “take-off” and “landing” nodes of these high-growth intervals. Furthermore, using the A-C theory and incorporating the impact of political governance and economic accessibility on the development processes of various countries, it analyzes and discusses the reasons behind economic take-off and landing.

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Relative Growth Rate and Continuous Economic Catch-Up

  • 章节

  • 发表日期：

    2026年

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  • Changsheng Chen,
  • Guangpu Yang,
  • Chengjian Li

摘要

The transformation of a country from poverty to prosperity is not only a process of surpassing itself but also of outperforming other economies, which to a certain extent embodies the growth rate competition and mutual catch-up among nations. Therefore, for a catch-up economy, discussing relative growth is more meaningful than discussing absolute growth itself. Based on data on GDP per capita and its growth rate of over 180 countries and regions from 1900 to 2018, this chapter sets the benchmark growth rate of the world economy as a reference. It identifies the high-speed economic growth interval of typical economies, as well as the “take-off” and “landing” nodes of these high-growth intervals. Furthermore, using the A-C theory and incorporating the impact of political governance and economic accessibility on the development processes of various countries, it analyzes and discusses the reasons behind economic take-off and landing.