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)
“Your sins have found you out, and now you must pay the price of all women like you. You have brought a child into this world against the commandment. Prayer is wasted on your sort. You should be cast out into the utter darkness ‘til you have learned your lesson. Michael Lewis do you admit your sin?... Then prepare to suffer your punishment.”
—Philip Dunne (1908–1992)