The Iron Law of Convergence

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The Iron Law of Convergence

The Iron Law of Convergence refers to the tendency of poor countries or nations to catch up with rich countries.

The existence of the Iron Law was first identified by a study by Professor Robert Barro published in the year 2015 Economics Journal.

Recommended links:

Mises Institute, The Iron Law of Convergence 

The ‘Iron Law of Convergence’: New Evidence on how fast poor countries can catch up with the advanced economies by The Royal Economic Society

 

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Editor-in-Chief

Geoffrey Kerosi is a prolific Kenyan writer based in Nairobi City. He holds a Bachelors in Economics and Statistics and is currently pursuing Masters in Public Policy and Administration (MPPA) from Kenyatta University. Email: info@kerosi.com. Whatsapp: +254713 639 776 YouTube: Kerosi TV

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