The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Convergence Hypothesis

  • P. J. D. Wiles
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_219

Abstract

This is the doctrine that the Soviet Union and ‘similar countries’ are becoming and will further become socially and economically similar to the United States and other advanced capitalist countries; or the other way round – so that eventually in either case political differences, and thus foreign policy tensions, will also disappear.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • P. J. D. Wiles
    • 1
  1. 1.