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However, it is likely to be higher in emerging economies than in developed ones, because their capital stock is much smaller in relation to their labour force.
Most stockmarkets are much smaller in relation to GDP than in developed economies, so the wealth effects of a crash would be modest.
During the course of evolution from the prehuman Australopithecus to modern humans (Homo sapiens), the face became smaller in relation to the overall size of the head.
Whether time is actually accelerating or it just feels that way, insofar as each segment of time, be it a week or a year, must always seem smaller in relation to the ever-increasing quantity of total time experienced.
9. Whether time is actually accelerating or it just feels that way, insofar as each segment of time, be it a week or a year, must always seem smaller in relation to the ever-increasing quantity of total time experienced.
It needs to be higher in a poor country with rapid growth because its capital stock is so much smaller in relation to output and the labour force, and so it needs to catch up.
Similar(47)
The dip in numbers is small in relation to the 670,535 births recorded in England last year.
"The amount of tax they pay is small in relation to the system.
He also tends to animate his characters small in relation to their surroundings.
But the figures are very small in relation to the landscape.
For one thing, even this year's deficit of $159 billion is small in relation to the overall economy.
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