190 19-12 The convergence hypothesis ..asserts that poor countries will grow more quickly than average,but rich countries will grow more slowly than average. -i.e.poor countries should 'catch up but social and political differences may enable some economies to catch up more effectively than others Economics ECONOMICS MANAGEMENT SCHOOL,TONGJI UNIVERSITY Economics ECONOMICS & MANAGEMENT SCHOOL, TONGJI UNIVERSITY 19-12 The convergence hypothesis • … asserts that poor countries will grow more quickly than average, but rich countries will grow more slowly than average. – i.e. poor countries should ‘catch up’ • but social and political differences may enable some economies to catch up more effectively than others