Can Globalization Still Deliver? : The Challenge of Convergence in the 21st Century /
This paper explores how poor countries might take advantage of globalization to raise their living standards and converge toward the advanced economies. The poor country, which has cheap labor and inadequate capital, acquires the superior technology that the rich country has. With everyone rationall...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2016.
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| Online Access: | Full text available on IMF |