If Poor Nations Want Economic Convergence and Capital Accumulation, They Need Good Policy | Cato @ Liberty


There’s a “convergence” theory in economics that suggests, over time, that “poor nations should catch up with rich nations.”

But in the real world, that seems to be the exception rather than the rule.

via If Poor Nations Want Economic Convergence and Capital Accumulation, They Need Good Policy | Cato @ Liberty.

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