Open AccessCONVERGENCE THEORY AND CONTEMPORARY TRENDS: A COMMENT BY JAMES K. GALBRAITH
Author(s) -
Galbraith James Kenneth
Publication year - 2020
Publication title -
naučnye trudy volʹnogo èkonomičeskogo obŝestva rossii
Language(s) - English
Resource type - Journals
ISSN - 2072-2060
DOI - 10.38197/2072-2060-2020-225-5-138-142
Subject(s) - convergence (economics) , china , soviet union , political science , symbolic convergence theory , economics , core (optical fiber) , economic history , economic system , development economics , economic growth , law , key (lock) , engineering , ecology , telecommunications , politics , biology
Convergence theory did not develop as its authors expected in either the United States or the Soviet Union, but the core principles nevertheless guided the economic development of the countries now emerging as the industrial powerhouses of the world economy, notably Germany, Japan, Korea and the People’s Republic of China.