Productivity World is a term used by William Easterly to describe that relative productivity among Factors of production is the same in the sectors across countries, but rich countries have absolute productivity advantage.
It is used as the opposite of Factor world which claims Factors of production movement based on free movement of those factors which in theory would reduce inequality between nations.
Famous quotes containing the words factor and/or world:
“Weapons are an important factor in war, but not the decisive factor; it is people, not things, that are decisive. The contest of strength is not only a contest of military and economic power, but also a contest of human power and morale. Military and economic power is necessarily wielded by people.”
—Mao Zedong (1893–1976)
“Despite everybody who has been born and has died, the world has just gone on. I mean, look at Napoleon—but we went right on. Look at Harpo Marx—the world went around, it didn’t stop for a second. It’s sad but true. John Kennedy, right?”
—Bob Dylan [Robert Allen Zimmerman] (b. 1941)