The Future of Economic Convergence

  title={The Future of Economic Convergence},
  author={Dani Rodrik},
  journal={ERN: Other Emerging Markets Economics: Macroeconomic Issues \& Challenges (Topic)},
  • D. Rodrik
  • Published 1 August 2011
  • Economics
  • ERN: Other Emerging Markets Economics: Macroeconomic Issues & Challenges (Topic)
The question addressed in this paper is whether the gap in performance between the developed and developing worlds can continue, and in particular, whether developing nations can sustain the rapid growth they have experienced of late. The good news is that growth in the developing world should depend not on growth in the advanced economies themselves, but on the difference in the productivity levels of the two groups of countries - on the "convergence gap" - which remains quite large. Yet much… 

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