Why poor countries stopped catching up - By David Oks

In this essay, David Oks examines a startling reversal in global economic development. For nearly two decades, poor countries appeared to finally be catching up to rich ones, validating a long-standing prediction of economic theory and offering genuine hope for global convergence. Then, suddenly and dramatically, this progress ground to a halt. Through an analysis of recent research and economic data, Oks explores what drove this brief period of catch-up growth and why it ended so abruptly, ultimately challenging optimistic narratives about globalization and development.* 00:00 - Introduction* 03:49 - A short history of (non)convergence* 11:40 - Convergence comes alive?* 17:37 - What if it was just China?https://open.substack.com/pub/davidoks/p/why-poor-countries-stopped-catching-690?utm_campaign=post-expanded-share&utm_medium=web Get full access to Askwho Casts AI at askwhocastsai.substack.com/subscribe