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A club you must belong to!

Santiago Gutiérrez | 
How can you become a member of The Convergence Club? It is the group of developing countries that are converging toward the productivity results of the developed ones. Hundreds of studies show that productivity is the determining factor for the long-term growth of nations, and not the amount of resources they may have. The examples of Singapore or Hong Kong have been repeated thousands of times to demonstrate the truth of this argument from the standpoint of prosperity. Now we can add the counterexample of oil-rich Venezuela, which shows the dark side of this paradox. Productivity in Latin America is […]
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