This content discusses the disparity between poor and rich countries and how they can narrow the gap. It mentions the work of economist Robert Solow and his theory of growth, as well as the trends in economic convergence over the years.

The article also highlights studies that suggest a new era of convergence between poor and rich countries, but it also discusses recent data that shows a potential reversal of this trend with poorer countries growing more slowly.

The author discusses different perspectives on this issue, with some being more optimistic about the future of poorer countries catching up to richer ones, while others are more pessimistic due to factors like climate change and global economic institutions.

In conclusion, the article states that while there are still many unanswered questions about economic growth and convergence, it is clear that there is no automatic process that ensures poorer countries will catch up with richer ones.

>Source link>

>>Join our Facebook Group be part of community. <<

By hassani

Leave a Reply

Your email address will not be published. Required fields are marked *