The idea that relatively poor nations should have higher rates of growth of real GDP per capita than relatively rich nations is known as the:

Question

Quizplus · Accepted Answer

The convergence hypothesis states that relatively poor nations will experience higher rates of growth of real GDP per capita than relatively rich nations, and eventually catch up or converge to the level of income of the richer nations. This hypothesis has been observed in some cases, such as the Four Asian Tigers (Hong Kong, Singapore, South Korea, and Taiwan) in the 20th century.

The Idea That Relatively Poor Nations Should Have Higher Rates