Several countries in the world have failed to "converge" with industrialized countries.What does this mean about their economic growth rates? Explain why poorer countries have failed to "catch up," in terms of the pillars of economic growth.Are there any special problems facing these countries?

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The Answer of Several countries in the world have failed to "converge" with industrialized countries.What does this mean about their economic growth rates? Explain why poorer countries have failed to "catch up," in terms of the pillars of economic growth.Are there any special problems facing these countries?

Several Countries in the World Have Failed to "Converge" with Industrialized