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Convergence in sentence

396 examples of Convergence in a sentence

Back then, Greece conspicuously failed to meet a plethora of basic convergence criteria, owing to its massive debt and its relative economic and political backwardness.
Germany and other hawkish northern Europeans are right to insist that Greece adhere to its commitments on structural reform, so that economic convergence with the rest of the eurozone can occur one day.
We cannot explain this convergence in terms of standard economic arguments, such as changes in relative prices and incomes, because no such changes were sufficiently large.
Development agencies and environmentalists must thus urgently work toward the convergence of development and conservation priorities.
Although Europe’s leaders have made some progress on institutional reform, the measures taken so far will not lead to real convergence of economic and budgetary policies, or to genuine economic union.
It will reinforce convergence expectations among financial market participants, which will translate into lower risk premia for investors.
For NAFTA to realize its full potential and move the convergence process, opening borders to trade and reducing tariff barriers are not enough.
The agenda and timetable for convergence must be set by NAFTA's elected leaders, but implementation should be in the hands of a new commission.
With Abe, Park, and Xi each facing daunting domestic challenges, a rare convergence in each country of self-interest and national interest may be creating a chance for improved relations.
Growth spread far beyond a few Asian countries, and, for the first time since the 1950’s, the vast majority of poor countries experienced what economists call convergence – a narrowing of the income gap with rich countries.
The bad news is that we still lack an adequate understanding of when this convergence potential is realized, or of the kind of policies that generate self-sustaining growth.
Ultimately, greater convergence in the post-crisis global economy appears inevitable.
A Franco-German reform package that includes these proposals would improve eurozone economic and policy convergence and cohesiveness.
At first, it seemed that convergence was accelerating.
Are we, as some observers have claimed, witnessing the end of convergence?
In the past, the key engine of convergence was manufacturing.
But it will not be enough to fuel true convergence.
This will not be easy, and we may never return to the “golden age” of convergence that preceded 2007.
But new technologies should not be expected to stop convergence, even if, as is likely, they slow it down.
Yet a convergence may be at hand, owing to developments in Greek, Spanish, and British politics, as well as to the simple passage of time.
It is ironic that the candidate countries are being lectured to by officials at the ECB and the European Commission on the trade-off between nominal and real convergence.
Substantial resources must continue to be devoted to promoting income convergence among the poorer member countries.
If current trends continue, with the US economy recovering slowly but steadily, the pattern of convergence with China will continue.
More important, if China’s TFP growth is expected to slow, as major drivers like the convergence effect wane, what does it mean to say that efficiency gains should propel China’s future growth?
This is almost certainly impossible, owing to the gradual diminution of the major drivers – including market-oriented economic reforms, the convergence effect on per capita income, and the adoption of foreign technologies – of China’s extraordinary TFP growth over the last 30 years.
Unfortunately, the type of institutional reform promoted by, among others, the World Bank, IMF, and the World Trade Organization is biased toward a best-practice model, which presumes that a set of universally appropriate institutional arrangements can be determined and views convergence towards them as being inherently desirable.
The End of Convergence?
Or is the current talk about “the end of convergence” merely a reflection of financial markets’ usual overreaction to both good and bad news?
But I continue to believe that convergence is here to stay, though it will not occur at the extraordinary pace of the 2008-2012 period, when the global financial crisis and the eurozone’s difficulties led to particularly slow growth in the advanced economies.
Moreover, emerging Asia as a whole has remained on a convergence path, as have countries like Turkey, Colombia, Peru, and Chile.
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