Convergence Theory Suggests That When Less Developed Countries Begin to Develop

question 131

True/False

Convergence theory suggests that when less developed countries begin to develop, they typically have higher growth rates as they catch up with more developed nations.

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Definitions:

Indicators

Quantifiable measures used to assess the performance, level, or condition of something, often used in contexts such as economics, health, and education.

Ideology

A system of ideas, values, and beliefs that influences how people perceive and interact with the world around them.

Social Stratification

The division of society into levels, classes, or castes, where individuals and groups are classified based on factors like wealth, income, race, education, and power.

Systemic Discrimination

A form of discrimination that is embedded in the policies, practices, and procedures of organizations or systems, leading to unequal opportunities or outcomes for certain groups.