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The bottleneck to economic growth in many poor countries, the authors thus reckon, is perhaps not primarily an undersupply of educated workers, but an undersupply of educated entrepreneurs.Low productivity is the critical variable, reckon the authors.
"There is an undersupply of quality hotel rooms".
Undersupply ensured inflation and speculation fuelled the good times.
Affordability and undersupply pressures are greatest in London.
But basic economics tells us that monopolies overcharge and undersupply.
Payment schemes are designed to reduce this undersupply.
And then, of course, Shenzhen, where price is very high, but undersupply.
But the undersupply of micronutrients may constitute a threat just as serious.
Undersupply and high prices then feed on each other.
However, they are not likely to offer solutions to undersupply of educational services to rural areas.
Hospitals have had to adjust and alter staffing in response to the resulting undersupply.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com