Why do many economists expect income convergence between developed and developing countries, and what factors would you look to for an explanation of why this has occurred for only a limited number of countries and in such a limited degree so far? Give evidence that support for/against this?

Q: Do you think that all of today’s developing nations will complete the demographic transition and…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Class, despite the economic progress that the U.S. has observed in the past century, the standard of…

A: Economic progress refers to an improvement in the economic conditions of a country, including…

Q: What do you think should be the role of the state in contemporary developing countries? Is the…

A: State plays an important role in less developed countries. Market does not consider equality or…

Q: What are good economic institutions, why do so many developing countries lack them, and what can…

A: Economic institutions are the institutes or organisations that deal with money or with managing the…

Q: What are the policy options developing countries might follow to prevent urbanization without…

A: Urbanization is the movement of people from rural to urban areas, allowing cities and towns to…

Q: What are the factors that characterize the developing countries. Make a summary on the different…

A: The business environment can be explained as the external surrounding of the business that directly…

Q: Describe briefly the theory of the demographic transition. At what stage in this transition do most…

A: The economies around the world tend to behave in different ways. There are various entities in the…

Q: Explain why fertility rates are falling much more rapidly in some developing countries than in…

A: The fertility rate is an essential demographic metric that shows how a population reproduces.…

Q: What policies (if any) should governments in more economically developed countries (MDCs) pursue to…

A: A developed country (or industrialized country, big league salary country, more economically…

Q: experiencing a demographic transition much like the one developed countries did at their earlier…

A: Yes developing countries are experiencing transition of demography just like developed countries…

Q: How significant an issue is this for the countries studied?  Consider the implications of income…

A: Economic inequality can be quantified in a variety of ways, the most common of which are the income…

Q: List at least three prominent characteristics of developing countries that are present in the…

A: Introduction- The Philippines is fundamentally viewed as a newly industrialized country, which has…

Q: explain why developing countries having a hard time eliminating hunger or poverty.

A: A large number of individuals all throughout the planet are just too poor to be in any way ready to…

Q: Why is the population of low- income countries predicted to grow more quickly than the population of…

A: The population rate affects the income per capita GDP. The low-income countries grow differently…

Q: Why is GDP in developing countries greater than GDP in developed countries?

A: The Gross Domestic Product (GDP) is a widely used indicator of an economy's output or production. It…

Q: The word trap suggests that there may be a way to escape.Does developing countries can escape all of…

A: The developed and underdeveloped countries are considered as important for the world as well. The…

Q: Based on your opinion, what is the Relationship Between Poverty, Inequality and Development

A: Poverty refers to the relative standards of living in a society at a given time.  Inequality refers…

Q: What are some of the difficulties associated with the establishment of market economies in…

A: In a market economy, economic variables are determined by the market forces( of demand and supply).…

Q: average income and poverty rate

A: Rural vs. Urban Comparison Depending on the nation and location, there are wide variations in the…

Q: What is meant by the statement that many developing nations are subject to “dominance, dependence,…

A: A developing country is an economy of a least established economic structure and, compared to other…