Catching up is so very hard to do

In Economist Sep.24t-30th, an article discusses the convergence of developing countries. Starting with the unpopular demand for Italian government bonds comparing to the wild popular ones sold in China, which indicates the rapid growth took place in China. Yet, the article points out future potential problems that hinder the process, less rely on unskilled labors, and the growing need for modern financial institutions, more competitive to get capitals.