by Dan Mitchell | Jul 23, 2023 | Blogs, Economics
Economists assume that poor countries should grow faster than rich countries over time, a process known as convergence. It’s a reasonable theory, but only if poor countries and rich countries have similar levels of economic liberty. But that’s...
by Dan Mitchell | Dec 27, 2022 | Blogs, Economics
I created the Anti-Convergence Club so I could have concrete examples of how more economic liberty translates into higher living standards. In effect, it’s the data-driven version of my Never-Answered Question. Yesterday, I provided another...
by Dan Mitchell | Dec 26, 2022 | Blogs
I’m a big believer in looking at long-run trends, particularly whether countries are experiencing convergence of divergence with regards to per-capita economic output. Poor nations normally should grow faster than rich nations, so we can...
by Dan Mitchell | Dec 3, 2022 | Blogs, Economics, Europe
I frequently call attention to my “anti-convergence club” because it shows – using decades of data – that you get more prosperity in nations with more economic liberty. And that’s true everyplace in the world. Including in Eastern Europe, as we can see from...
by Dan Mitchell | Jul 7, 2022 | Blogs, Free Market
I’ve written many times that convergence (or lack thereof) is the way to assess a nation’s economic policy. Based on this metric, Estonia deserves praise. Here’s a chart from a recent OECD report, which shows Estonia (and other countries...
