• Corpus ID: 11192719

Forget Convergence: Divergence Past, Present, and Future

@inproceedings{Pritchett1996ForgetCD,
  title={Forget Convergence: Divergence Past, Present, and Future},
  author={Lant Pritchett},
  year={1996}
}
Looking for evidence of income convergence among the world’s nations has become a fashionable pursuit. Far from narrowing, the gap between the incomes of the rich and poor countries has grown markedly and is likely to widen further. 
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Recently, much attention has been paid in the literature on economic growth to the phenomenon of"conditional convergence,"the tendencies of economies with lower-level incomes to grow faster,
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WHEN T H E BROOKINGS Panel on Economic Activity began in 1970, the world economy roughly accorded with the idea of three distinct economic systems: a capitalist first world, a socialist second world,