What do you mean?
Small base growth is easier (that’s the example you give), but catch-up growth in large economies is damn near impossible.
Small base growth is easier (that’s the example you give), but catch-up growth in large economies is damn near impossible.
This may be interesting to you: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
Your 40% gap turns into an 18% gap. Further more libertarian economies don't look particularly exceptional.
Together this suggest that the differences in GDP are much more easily explained by existing wealth and foreign policy/trade, instead of domestic factors.