"The Great Convergence"

"The Great Convergence" refers to the recent global trend where developing countries, especially in Asia, have rapidly grown economically, reducing the income gap with traditional Western economies. Driven by technological advancements, increased trade, and investment, these nations have lifted millions out of poverty and expanded their middle classes. This shift has led to a more interconnected and multipolar world economy, challenging the dominance of Western countries and creating new opportunities for global growth and cooperation. It highlights how economic power is becoming more evenly distributed across different regions, fostering a more integrated global economic landscape.