Question: 3. (a) Why is convergence expected under globalization? (b) Discuss critically with empirical evidence why some developing countries can catch up with developed countries while

3. (a) Why is convergence expected under globalization?

(b) Discuss critically with empirical evidence why some developing countries can catch up

with developed countries while others cannot.

(c) Suppose you are a government official of a commercial economy, suggest and explain

three government policies which can help the economy move towards an emergingmarket economy.

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