Jones Facts(1998) 1.Large variation in per capita income across economics 2.Countries can move from being poor to being rich and vice-versa For instance:Hong Kong,South Korea and vice- versa:Argentina 3.Growth in output and growth in trade volume are closely related Jones,C.I.(1998),Introduction to Economic Growth,W.W. Norton,New York,Chapters 1-5,8,9 and Appendix A.7 Jones Facts (1998) * 1. Large variation in per capita income across economics 2. Countries can move from being poor to being rich and vice-versa For instance: Hong Kong, South Korea and vice￾versa: Argentina 3. Growth in output and growth in trade volume are closely related *Jones, C. I. (1998), Introduction to Economic Growth, W.W. Norton, New York, Chapters 1 - 5, 8, 9 and Appendix A