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Apart from directly holding down spending flows into the economy, this relatively timid behavior also limits future potentials for productive capabilities, productivity, hiring, and upgrading.
According to this narrative, super clubs rise by producing increasingly more complex products because of expanding productive capabilities, providing growing opportunities for economic spillovers in the process.
Taxpayers and workers, on the other hand, do play major roles in investing in the productive capabilities that create competitive products.
Just as private property rights in the absence of productive capabilities are insufficient to increase production, democratic institutions without a technological base can hardly diffuse or promote technological progress.
Furthermore, the speed at which that change may be produced may be highly variable and will depend on the density of the product space near the area where each country has developed its productive capabilities (Hausmann et al. 2007).
This new approach focuses on expanding a country's set of productive capabilities and expressing them in a more diverse and complex set of products and services.
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Yet many are trapped, lacking the productive capability to expand to new industries to drive development.
Only about 15 percent of the state's terrain, mostly in the Champlain valley, is level land with fertile soil and high productive capability.
Besides the production system, the involvement of other factors, such as stage of lactation and the productive capability of the animal, should, also be taken into account.
"As described in the detail write-up, this is not a normal result of fracturing, as it ruins the productive capability of the wells," the institute said about the case.
The research identified productive capability gaps and areas where policy interventions and private alliances were essential to promote competitive growth of non-traditional exports from Ghana.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com