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Convergence in sentence

396 examples of Convergence in a sentence

A meeting of minds on every global issue is too much to ask of both the US and Europe, but on many issues strategic convergence seems both possible and necessary.
But the future of Europe’s Economic and Monetary Union (EMU) depends on three crucial components: greater economic convergence, greater openness within the single market, and greater resilience to asymmetric shocks.
First, greater economic convergence within the EMU requires a stronger framework for the coordination of member states’ economic policies.
On the economic front, it is clear that early deindustrialization impedes growth and delays convergence with the advanced economies.
Countries have a right to difference, not to imposed convergence.
For example, if a poorer member country undergoes a period of real convergence and has a temporary current-account deficit – as is usual in such cases – it may be punished for not being sufficiently “harmonized.”
But the excesses were mainly in the private sector, as interest-rate convergence generated economic divergence: lower interest rates in the weaker countries fueled housing bubbles, while the strongest country, Germany, had to tighten its belt in order to cope with the burden of reunification.
Of course, economic convergence is a long-term business.
Stagnation in this context means a growth rate that is too low to ensure convergence toward US living standards within a reasonable period of time.
The inefficiency of fiscal-policy control and the lack of economic convergence are a matter of increasing concern to both the European Central Bank and euro-zone finance ministers.
Last – and most important – successful convergence to IVC and 1-IFC status requires the national economy to be strong relative to other economies for a substantial period of time.
The convergence of consumer lifestyles and preferences driven by globalization has enabled the world’s major cities to specialize production for global markets.
A second area of consensus has emerged from frequent debates on the potential conflict between nominal and real economic convergence between the EU accession countries and the current member states.
Moreover, many empirical analyses show that real convergence should not be a serious obstacle to enlargement.
Thus the main emphasis has shifted to structural, financial, and cyclical convergence, in line with economic theory on so-called "optimum currency areas."
It is typically found that the degree of convergence is very high in terms of foreign trade, capital flows, and banking sector integration, while cyclical convergence and labor mobility have been low so far.
Fourth, it is vital that EU institutions have spoken more openly about the convergence criteria.
The problem is that currently there is a lack of convergence and coherence between national supervisors.
Continued convergence with rich-country income levels seems achievable.
I looked not just at how these countries had achieved rapid growth – including the central role played by an open global economy – but also at the opportunities and challenges this process of convergence would bring.
To investors, Spanish housing assets seemed a great investment, because the forces of economic convergence unleashed by the euro would surely push up their prices – and because there was no peseta that could lose value.
Perhaps the long-awaited upward convergence of economic fundamentals to validate market valuations is within reach.
Ultimately, economic convergence among countries cannot be only an entry criterion for monetary union, or a condition that is met some of the time.
That question is in the past, of course, but publicly demonstrating the eurozone’s arrested convergence is bound to undermine confidence in the common currency further – and at a most unfortunate moment.
At that point, the problem of how to divide the eventual bill when things became costly was not addressed, and the problem of excessive debt was wished away by the establishment of convergence criteria (which were not fully implemented anyway).
The New International Economic DisorderNEWPORT BEACH – A new economic order is taking shape before our eyes, and it is one that includes accelerated convergence between the old Western powers and the emerging world’s major new players.
But the forces driving this convergence have little to do with what generations of economists envisaged when they pointed out the inadequacy of the old order; and these forces’ implications may be equally unsettling.
At first blush, this unusual convergence between Western and emerging countries seems to reflect what advocates of a new international economic order had in mind.
Advocates envisaged an orderly process in which economic convergence accompanied and facilitated global economic growth.
If we look at moments of so-called structural convergence – the 1880’s, 1920’s, 1950’s and 1960’s, and 1990’s, in particular – we see the sources of American prosperity and power emerged in a global context, only to recede again.
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