Question: (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

(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 an emerging-market economy, suggest and explain three government policies which can help the economy move towards an innovation economy.

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