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Yes, it is convergence of developing countries, but most of their economies are fragile. It is going to be divergence in the future.
Commented Jul 21, 2011 on The great divergence, the other way around at Dani Rodrik's weblog
The great divergence, the other way around
As rich economies' prospects dim under their crushing debt burdens and political paralyses, the world's hope for economic dynamism rests with developing nations. These countries had an exceptionally good decade before the global financial crisis struck. And most among them have recovered quickly...
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Jul 21, 2011
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