Convergence

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

In collections

Nobody has pulled it yet.

What Wikipedia says

The idea of convergence in economics (also sometimes known as the catch-up effect) is the hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies.

Excerpt from the Wikipedia article “Convergence (economics)”, under the CC BY-SA 4.0 license. Read the article on Wikipedia