Why do many economists expect income convergence between developed and developing countries, and what factors would you

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Why do many economists expect income convergence between developed and developing countries, and what factors would you look to for an explanation of why this has occurred for only a limited number of countries and in such a limited degree so far?

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Economic Development

ISBN: 9780138013882

11th Edition

Authors: Michael P. Todaro, Stephen C. Smith

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Question Posted: Feb 10, 2024 01:02 AM

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Why do many economists expect income convergence between developed and developing countries, and what factors would you

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Many economists expect income convergence the theory that poorer economies will grow more quickly and catch up with richer economies due to several fu...View the full answer

Economic Development

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