Brazil’s Giddy Convergence

[elleng]

A new buzzword in economic circles is “convergence,” the process by which the developing economies in which five billion people live (194 million of them in Brazil) are closing the gap on developed economies more than 150 years after the Industrial Revolution first opened the gulf. To arrive in Brazil these days from the United States or Europe is to feel the world turned on its head.

http://www.nytimes.com/2011/07/05/opinion/05iht-edcohen05.html?hp

Interesting concept. I've been thinking about it recently, w/o knowing its 'buzzword-ness.'