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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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