Yes, it is converging. The world is both converging and diverging, however in distinct dimensions. The instruments social actors use to reap their agendas and goals come to be more and more standardized whilst their crucial dreams and values seem to diverge in the process of globalization.
When nations with decrease levels of GDP per capita trap up to nations with greater degrees of GDP per capita, the system is called convergence. Convergence can manifest even when each high- and low-income nations extend funding in physical and human capital with the objective of developing GDP.
Economic convergence takes place when a organisation controls several merchandise or offerings within the equal industry. For example, in the enjoyment industry a single agency may additionally have pursuits throughout many types of media.
It is a process where economies of more than one country become very similar to each other.
Learn more about converging of countries here:
