Conditional convergence (条件收敛 tiáo jiàn shōu liǎn) suggests that poorer countries tend to grow faster than richer countries to eventually “catch-up” the wealthier economies in terms of income per capita. If economies have access to the same technology and the same population growth rate, we should expect them to eventually converge to the same per capita income.
Part 1: Breakdown of Words
- “Conditional” (条件 tiáo jiàn) as in conditional distribution (条件分布 tiáo jiàn fēn bù).
- Convergence (收敛 shōu liǎn) as in “international convergence” (国际收敛 guó jì qū tóng).