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Contrasting the convergence performance of China and India.

Publication: International Advances in Economic Research
Publication Date: 01-NOV-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Contrasting the convergence performance of China and India.(Research Notes)(Brief article)

Article Excerpt
The recent economic growth rates of China and India have revived the convergence hypothesis wherein less developed countries (LDCs) could catch up with advanced countries if three conditions are met. First, there has to be a gap in the level of productivity between the rich and the LDCs. Second, the annual rate of growth of per capita productivity would have to favor the...

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