Are global incomes converging or
diverging? Despite recent empirical evidence supporting the
hypothesis of unconditional beta convergence, this paper
argues that such findings overlook the stark reality facing
the world’s poorest people. Many lower income
countries, including those among the so-called
“Bottom Billion,” continue to slip
further behind the rest of the world, while the numbers of
those living in extreme poverty...
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DETAILS
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2023/12/01
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Policy Research Working Paper
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WPS10622
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1
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2023/12/01
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Disclosed
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Are the Poorest Catching Up ?
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