The convergence theory states that:

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The convergence theory suggests that poorer countries will grow faster than rich ones, meaning that over time, the economies of different countries will tend to converge, with the poorer countries catching up to the wealthier ones. This theory assumes that the poorer countries have less access to capital and technology than the richer ones, which gives them more scope to grow quickly. However, it is worth noting that there is some debate among economists about the validity of the convergence theory, and some argue that there are other factors that can significantly affect a country's growth rate.

The Convergence Theory States That