Regional convergence

Regional convergence refers to the idea that different areas or regions tend to become more similar over time in terms of economic performance, income levels, or development. It suggests that less developed regions gradually catch up with more developed ones, reducing disparities. This process occurs through factors like investment, technology transfer, and improved infrastructure. Convergence can be absolute (all regions eventually reach the same level) or conditional (regions converge to similar levels given certain characteristics). Overall, it reflects a tendency for economic growth and development to become more balanced across regions, fostering greater national cohesion.