This collection of essays reviews the current state of knowledge of the convergence hypothesis, which asserts that at least a fairly restricted set of countries, the members of the “convergence club,” are undergoing a process that brings their levels of productivity and living standards increasingly close to one another. The book summarizes the available empirical information and contributes a considerable amount of new evidence. It examines the patterns exhibited by individual industries in particular countries as well as the behavior of the aggregate economies of those countries and their manufacturing sectors. It reports evidence, old and new, on the influences underlying the degree of convergence that appears in fact to have occurred. It studies the role that convergence has played and promises to play in the future of the newly industrialized countries and the less developed countries. [download]
Format : Ebook.Pdf
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