Because the gap in real GDP per capita between Western Europe, North America, and parts of Asia is widening, the convergence hypothesis is wrong.

Question

Quizplus · Accepted Answer

The convergence hypothesis suggests that poorer economies' per capita incomes will tend to grow at faster rates than richer economies. Thus, if the gap is widening, it could be due to other factors, not necessarily proving the convergence hypothesis wrong. Additionally, evidence shows that many economies have indeed been converging in terms of GDP per capita, especially when considering longer historical periods and adjustments for purchasing power parity.

Because the Gap in Real GDP Per Capita Between Western