Title: Solow is out of time
Product review: In his book Solow describes his growth-theory. But this theory already is out of time. It does not apply to many countries. Why not you might ask. Well first, Solow leaves a very important variable out, namely human capital. Second, Solow makes assumptions, which obviously will never hold, like an equal productionfunction for every country but also equal technological availability for each country. I do not have to explain why this will not hold for it speaks for itself. Many third-world countries have based their policies on Solow's growth-theory in the sixties, seventies and eigthies, but without any succes. It is time for these countries to change policies and to discover other growth and development strategies to catch-up with developed countries, specially with ecommerce comming up.
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