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The quest for the holy grail of economic growth theory continues as Lant Pritchett attacks the convergence theory of growth put forth by Solow. Pritchett argues persuasively for the existence of divergence among developed and less developed nations. ...
If one accepts Pritchett’s assumptions and lower bound data, it is clear that the poor countries of today have not displayed higher rates of growth as predicted by the convergence model. ... Pritchett does agree that in certain regions convergence does occur among nations.
Approximate Word count = 487 Approximate Pages = 1.9 (250 words per page double spaced)
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