One impediment to the convergence of world economies is the vast differences in human capital.

Question

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Human capital refers to the knowledge, skills and abilities of individuals, which are a crucial factor in economic growth and development. Countries with higher levels of human capital tend to have more productive and innovative economies. However, there are significant differences in human capital across countries, which can impede the convergence of world economies. For example, developing countries may have lower levels of education and training, which can make it harder for their economies to catch up with more advanced countries.

One Impediment to the Convergence of World Economies Is the Vast