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Why would growth be "logarithmic"? Growth is exponential, with rates that yes, probably decrease over time. It's not logarithmic.


https://www.google.com/search?q=logarithmic+vs+exponential+c...

An exponential curve, by definition, does not decrease over time.


Sure, but a piecewise-linear function on a log-log graph is still qualitatively "exponential growth", with a rate which changes over time.


Are you serious? As they start reaching the upper levels of wealth the ability to keep catching up decreases dramatically. When they are an impoverished country and a wealthy partner throws money at and around them, they will start catching up fast because that amount of wealth is massive compared to what they had.


Logarithmic growth would literally be sub-linear growth. Historically countries growth looks something like a piecewise-linear growth in a log-log graph.


Are you sure you're not thinking of "logistic".




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