In regard to global convergence:

Name: In regard to global convergence:
Brand: Quizplus
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Advocates of global convergence argue that firms will be forced to adopt globally the best practices, rather than relying solely on the "survival-of-the-fittest" process. This would ultimately lead to more uniform corporate governance practices throughout the world. The text does not suggest that complete divergence in corporate governance is realistic, and in fact argues against it by proposing the idea of global convergence.

In Regard to Global Convergence