Convergence
in sentence
396 examples of Convergence in a sentence
For at least 50 years after World War II’s end, there was remarkably little
convergence
in per capita income.
Looking at the recent data on economic performance across the world, Arvind Subramanian, former chief economic adviser to the Indian government, and his colleagues argue that
convergence
in per capita income is taking hold more broadly.
A TTIP with wider regulatory
convergence
could facilitate a significant increase in trade.
Technological
convergence
and the transfer of surplus labor to more productive tradable activities would continue, despite the advanced economies’ anemic growth.
The forces of globalization that were liberated by the fall of Communism have created a better world, with rapid economic
convergence
and shrinking inequality.
Seven years ago, prior to the global financial crisis, the overwhelming consensus among economists was that, in retrospect, Japan’s expected
convergence
in productivity levels to America’s Pacific coast was not in the cards.
The two largest regional blocs – Mercosur and the Pacific Alliance, both of which include the region’s six largest economies – are taking seriously the possibility of
convergence.
For starters, there is the
convergence
argument.
Historical experience shows that migration is the fastest way to bring about a
convergence
in living standards.
And Turkey could give a tremendous boost to confidence in the peace process by announcing a symbolic withdrawal of some troops from northern Cyprus as a goodwill gesture – a move that would also greatly assist Turkey’s
convergence
with Europe.
Given the precision required to operate on an organ as delicate as the brain, the
convergence
of mechanical technologies with the art of surgery catalyzed progress in the field.
One example of this
convergence
is neuroArm, developed by my research team at the University of Calgary in conjunction with engineers at MacDonald, Dettwiler and Associates.
This discipline will stem the gigantic capital imports by the countries at Europe’s periphery and end the overheating ushered in by the interest-rate
convergence
that the euro brought about.
The big question to which nobody has a clear answer is whether Europe is in the process of inventing a model of its own, or has only taken a detour from the inevitable choice between disaggregation and
convergence
on the standard federal template.
And it promised to support the positive
convergence
of developing and developed countries, thereby reducing both absolute and relative poverty and weakening economic incentives for illegal cross-border migration.
One is that, unlike Spain, Italy has experienced relatively little
convergence
of unit labor costs with productivity.
On re-regulating finance, there are plenty of good ideas, but little
convergence.
Instead of the
convergence
prescribed by the Maastricht Treaty, the radical narrowing of interest-rate differentials generated divergences in economic performance.
The
convergence
of interest rates was broken when a newly elected government in Greece revealed that the deficit incurred by the previous government was much larger than had been reported.
To put it bluntly, insightful analysis has its uses, but change will not happen without a widespread social and political
convergence
around shared values and objectives – something that is sorely missing in many countries today.
Unfortunately, this
convergence
of interests can push us to focus on ineffective, expensive responses to climate change.
According to Jeremy Rifkin, the strategy’s main architect, industrial revolutions are driven by the
convergence
of changes in the type and availability of energy and in how people connect and share information.
It was thought that keeping inflation low was necessary and almost sufficient for growth and stability; that making central banks independent was the only way to ensure confidence in the monetary system; that low debt and deficits would ensure economic
convergence
among member countries; and that a single market, with money and people flowing freely, would ensure efficiency and stability.
The sharing economy reflects the
convergence
of entrepreneurialism and technological connectivity.
Whether they return to the path of
convergence
with the advanced economies will largely depend on how they approach an increasingly complex economic environment.
This will produce high variance in performance across countries and probably reduce the average pace of
convergence.
But it will not, in my estimation, derail
convergence
completely.
For example, the Tibetan Plateau, which contains the world’s third-largest store of ice, is warming at almost twice the average global rate, owing to the rare
convergence
of high altitudes and low latitudes – with potentially serious consequences for Asia’s freshwater supply.
Well, most candidate countries have already achieved a high degree of structural
convergence
with the EU.
As with structural convergence, EU candidates already outperform Spain, Portugal, and Greece at a comparable time before their EMU debut.
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