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Convergence in sentence

396 examples of Convergence in a sentence

This would help keep the candidates' economic output high and thus sustain real convergence with average EU income levels.
The size of the income gap combines with the small growth differentials to imply that the process of real convergence will extend far beyond even the most cautious dates for EU and EMU entry, probably lasting several decades.
Any delay in completing reforms will ultimately slow the process of real convergence that EU officials rightly hold dear.
Early adoption, by contrast, would be more conducive to these reforms, and thus to real convergence.
Developing countries can thus sustain service-led growth, given the huge room they have for catch-up and convergence.
Slow German growth, he maintains, is a sign of natural convergence.
The third shock was the euro, which has induced a rapid convergence of long-term interest rates, which in some countries had been five to seven percentage points above the German level.
For economic convergence, if allowed to ripen, could set Taiwan and the PRC on an evolutionary course toward common sovereignty.
But while measures encouraging economic convergence have been successful in many jurisdictions, they have failed in others, such as southern Italy, precisely because of the institutional weakness and widespread corruption that the populists decry.
As anyone with experience in development policy knows, fiscal transfers cannot generate convergence growth, unless they are backed by deep societal changes – and that demands active local leadership.
Given the ironic reversal of globalization fears, Kipling is still right: convergence has continued to elude East and West.
Belgium followed the mainly French monetarist school, while the Netherlands shared Germany’s preference for economic convergence before committing to exchange-rate parity.
This correlation is reinforced by the convergence hypothesis – the benchmark theory for estimating an economy’s potential growth rate – which states that a rapidly growing developing economy’s real growth rate will slow when it reaches a certain share of the per capita capital stock and income of an advanced economy.
Without negative external shocks, exorbitant TFP growth would have declined gradually, as the returns from institutional adjustment, reallocation of resources, and technological catch-up naturally diminished, in accordance with the convergence hypothesis.
Indeed, considering that China’s per capita income amounts to only about 10-20% of that of the US, with massive regional differentials within China, its growth potential, as dictated by the convergence hypothesis, is far from tapped.
Either way, convergence will remain swift.
Was this but another moment of blood-stained convergence between the politics of the Middle East and the politics of Islam in Africa?
It will heighten the difficulty of meeting the convergence criteria for euro adoption.
The convergence goes beyond their agendas’ common irrationality.
Catching Up at Different SpeedsPARIS – With weak demand in advanced countries now impeding growth in emerging economies, including major players in Asia and Latin America, many are arguing that the era of income convergence has come to an end.
As I have argued before, convergence of emerging countries’ real average incomes, in the aggregate, with advanced countries’ incomes is likely to continue into the 2020’s.
The pace of convergence accelerated further during, and just after, the global financial crisis of 2008-2009: the aggregate average differential in per capita income growth increased to more than four percentage points in the 2008-2012 period, from a little more than two percentage points in the two decades before.
As the advanced economies recover, however weakly, the growth differential is likely to narrow again, perhaps to about two percentage points, which still implies steady convergence at a decent pace.
Why, then, do Latin American economists seem to share a cautious – even pessimistic – mood about future growth and convergence in the region, whereas most Asian economists, while conceding that further structural reforms are needed, believe strongly that Asia will continue to converge rather rapidly?
Many other factors, of course, influence growth and convergence: macroeconomic stability, the efficiency and robustness of the financial sector, the terms of trade, the quality of public administration, demographic factors, and political factors.
Nonetheless, in terms of the likely strength of the convergence process that globalization has facilitated, it is important to distinguish between Latin America and Asia, and, within Asia, to distinguish China from the rest of the continent.
We should not assume that economic success automatically leads to cultural convergence.
This convergence has less to do with regulatory thinking on bank size or function than with a common need to play to the political gallery and raise more tax revenue.
But, if one uses geography to isolate exogenous determinants of trade, it becomes apparent that trade has been among the most powerful drivers of Asia’s economic success, and thus the convergence between the developed and developing worlds.
Given North Korea’s economic dependence on China – which accounts for some 90% of its trade nowadays – it is critical to take advantage of this policy convergence.
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