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:
“You factor in racism as a reality and you keep moving.”
—Jewell Jackson McCabe (b. 1945)
“The world is independent of my will.”
—Ludwig Wittgenstein (1889–1951)