The convergence hypothesis states that poor countries grow more quickly than average, while rich countries grow more slowly than average.

Name: The convergence hypothesis states that poor countries grow more quickly than average, while rich countries grow more slowly than average.
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The convergence hypothesis suggests that poorer economies will tend to grow at faster rates than wealthier ones, thus allowing them to catch up over time in terms of per capita income levels.

The Convergence Hypothesis States That Poor Countries Grow More Quickly