DMPQ-What do you understand by the term Late convergence stall?
‘Late Converger Stall’ refers to the phenomenon wherein a low-income country that hopes to grow into a middle or high-income country, after witnessing a period of high economic growth, fails to achieve its goal. Instead, it gets trapped in its lower income status due to various reasons. Rapid growth witnessed by such countries turns out … Read more DMPQ-What do you understand by the term Late convergence stall?