Convergence theory occurs when former capitalist nations adopt features of socialism and former socialist nations adopt features of capitalism, while each transforms into the other.

Question

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Convergence theory suggests that as industrial societies develop, they begin to resemble each other through a process of convergence, adopting similar structures and technologies, rather than specifically referring to capitalist and socialist nations transforming into each other.

Convergence Theory Occurs When Former Capitalist Nations Adopt Features of Socialism