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The New Era of Unconditional Convergence

dc.contributor.authorPatel, Dev
dc.contributor.authorSandefur, Justin
dc.contributor.authorSubramanian, Arvind
dc.date.accessioned2021-08-19T10:40:05Z
dc.date.available2021-08-19T10:40:05Z
dc.date.issued2021-02-03
dc.identifier.citationPatel, D.; Sandefur, J.; and Subramanian, A. (2021) The New Era of Unconditional Convergence. CGD Working Paper 566. Washington, DC: Center for Global Development. https://www.cgdev.org/publication/new-era-unconditionalconvergenceen
dc.identifier.urihttps://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/16802
dc.description.abstractThe central fact that has motivated the empirics of economic growth—namely unconditional divergence—is no longer true and has not been so for decades. Across a range of data sources, poorer countries have in fact been catching up with richer ones, albeit slowly, since the mid-1990s. This new era of convergence does not stem primarily from growth moderation in the rich world but rather from accelerating growth in the developing world, which has simultaneously become remarkably less volatile and more persistent. Debates about a “middle-income trap” also appear anachronistic: middle-income countries have exhibited higher growth rates than all others since the mid-1980s.en
dc.description.sponsorshipCenter for Global Developmenten
dc.language.isoenen
dc.publisherCenter for Global Developmenten
dc.relation.ispartofseriesCGD Working Paper;566
dc.rightsRights & Permissions The Center for Global Development encourages use and dissemination of its publications under two conditions: - the material is attributed to CGD as outlined under the Creative Commons Attribution-NonCommercial 4.0 International License Creative Commons License - the publications department is notified in advance via publications@cgdev.org For further inquiries regarding permissions, please contact the publications department by e-mail, publications@cgdev.org Review Copies A limited number of complimentary copies of CGD publications are available to reviewers and other members of the media upon request. Please contact the publications department by fax, 202-416-0750; or by e-mail, publications@cgdev.org. Exam Copies If a CGD publication is being considered by a university professor for course use, please request an examination copy in writing on university letterhead. Specify the name of the course and estimated enrollment. Limit your request to three titles. Send the request by mail to Publications Coordinator, 2055 L Street NW, Fifth Floor, Washington DC 20036; or by fax, (202) 416-0750.en
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectEconomic Developmenten
dc.subjectFinanceen
dc.subjectGlobalisationen
dc.subjectTradeen
dc.subjectWork and Labouren
dc.titleThe New Era of Unconditional Convergenceen
dc.typeOtheren
dc.rights.holderCenter for Global Developmenten
dc.identifier.externalurihttps://www.cgdev.org/publication/new-era-unconditional-convergenceen
dcterms.dateAccepted2021-02-03
rioxxterms.funderDefault funderen
rioxxterms.identifier.projectCovid Collectiveen
rioxxterms.versionVoRen
rioxxterms.funder.project15a658e8-70b7-4d70-a299-f35d442f3170en


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Rights & Permissions The Center for Global Development encourages use and dissemination of its publications under two conditions: - the material is attributed to CGD as outlined under the Creative Commons Attribution-NonCommercial 4.0 International License Creative Commons License - the publications department is notified in advance via publications@cgdev.org For further inquiries regarding permissions, please contact the publications department by e-mail, publications@cgdev.org Review Copies A limited number of complimentary copies of CGD publications are available to reviewers and other members of the media upon request. Please contact the publications department by fax, 202-416-0750; or by e-mail, publications@cgdev.org. Exam Copies If a CGD publication is being considered by a university professor for course use, please request an examination copy in writing on university letterhead. Specify the name of the course and estimated enrollment. Limit your request to three titles. Send the request by mail to Publications Coordinator, 2055 L Street NW, Fifth Floor, Washington DC 20036; or by fax, (202) 416-0750.
Except where otherwise noted, this item's license is described as Rights & Permissions The Center for Global Development encourages use and dissemination of its publications under two conditions: - the material is attributed to CGD as outlined under the Creative Commons Attribution-NonCommercial 4.0 International License Creative Commons License - the publications department is notified in advance via publications@cgdev.org For further inquiries regarding permissions, please contact the publications department by e-mail, publications@cgdev.org Review Copies A limited number of complimentary copies of CGD publications are available to reviewers and other members of the media upon request. Please contact the publications department by fax, 202-416-0750; or by e-mail, publications@cgdev.org. Exam Copies If a CGD publication is being considered by a university professor for course use, please request an examination copy in writing on university letterhead. Specify the name of the course and estimated enrollment. Limit your request to three titles. Send the request by mail to Publications Coordinator, 2055 L Street NW, Fifth Floor, Washington DC 20036; or by fax, (202) 416-0750.