Subramanian, Arvind - 2009
yet, instead of convergence of global incomes, we see ‘divergence big
time’.
But Africa is not without its successes … important of these indicators relates to the phenomenon of catch-up or
convergence. Conditional on other determinants of growth … recently,
though, unemployment has risen.
In contrast, economic growth in the 1990s has been driven to a greater extent by …