Unconditional convergence, conditional convergence, development economics

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Why are some countries rich and others poor? Why do some economies grow quickly with their citizens enjoying rapid increases in their average incomes, while others grow slowly or not at all? These are some of the most important questions in the study of economics and indeed touch on some of the deepest problems facing society.

Critically discuss the determinants of and processes for economic growth. What characteristics distinguish fast-growing from slow-growing economies? Conclude your discussion by outlining the convergence debate, i.e. ‘Is Sub-Saharan Africa converging or diverging?’ (You should include unconditional vs conditional and income vs social indicators).

This is the whole question, however, you only need to answer the part underlined, which is Conclude your discussion by outlining the convergence debate, i.e. ‘Is Sub-Saharan Africa converging or diverging?’ (You should include unconditional vs conditional and income vs social indicators). I will provide some reading materials, but additional research is required.

 

Last Updated on June 4, 2019 by EssayPro