Normally this would create the potential for a lot of catch-up growth.

BBC: Europe's Eastern periphery

The post-war period is rich in examples of blistering catch-up growth.

ECONOMIST: Economics focus

That gives it plenty of scope to enjoy catch-up growth, unlike Japan's economy, which was still far smaller than America's when it reached the technological frontier.

ECONOMIST: Economics focus

These two conditions, good institutions and easy access to large markets, sound like a rather promising recipe for catch-up growth, even in a generally unfavorable economic environment.

FORBES: If You're Looking for Economic Stagnation Don't Look at Russia, Look At Hungary and the Czech Republic

But the committee warns the "oversight of academies has had to play catch-up with the rapid growth in academy numbers", and heard concerns of money being allocated twice in some cases.

BBC: 'Millions wasted' on inefficient academies scheme

He added that the UK housing market outside of the south east was now playing catch-up and there was still room for substantial growth.

BBC: House prices 'to rise 12% in 2003'

China needs to shift to a more sustainable growth model, and adopting a new growth strategy will trigger a structural catch-up process in global investment and consumption.

WSJ: Thilo Hanemann and Dan Rosen: Chinese Investment 2.0

For years those opponents have argued that the Kirchners' growth-at-all-costs strategy would catch up with them.

ECONOMIST: Argentina��s presidential election

The Lewis Point is the great test for catch-up economies, when they can no longer rely on cheap labour, copied technology, and export-led growth to keep the game going.

FORBES: Does China's Shrinking Workforce Doom It To Economic Stagnation? Some Lessons From Germany