Solved: Why do neoclassical theories of growth predict convergence, Microeconomics

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Why do neoclassical theories of growth predict convergence

1. Discuss Andre Gunder Frank's criticism of the use of the concept of ‘traditional society' in theories of modernisation.

2. Why do neoclassical theories of growth predict convergence of levels of income per capita and why do new growth theories predict divergence of levels of income per capita?

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Microeconomics: Why do neoclassical theories of growth predict convergence

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