An Overview of Convergence Between Rich and Poor Countries

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Dani Rodrik examines the rapid pace of convergence that has taken place since the 1990's and explains the contributing factors. He then looks into the future and points out some of the question marks about its continuation. One thing is clear. The pace of convergence is already creating political problems in the nation states that have little control over globalization that is driven by multinational corporations. Its not clear how this will affect governance.