Convergence theory suggests that:

Name: Convergence theory suggests that:
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Convergence theory posits that poorer economies will tend to grow at faster rates than wealthier ones, thus over time, the income levels of poor and rich countries will converge. This implies that eventually, countries may experience similar rates of growth and could reach similar levels of income, assuming no external shocks or changes in policy direction that significantly alter their growth trajectories.

Convergence Theory Suggests That