Accelerating Economic Convergence
Newdea’s Economic Convergence Model facilitates the economic growth of nations and shortens the Economic Convergence life cycle.
Countries with foresight can engineer themselves to be the most attractive investment targets in the developing world. This will take a combination of leadership, vision, political will, policy development and know-how. When they get these elements right, multiple problems become vast opportunities:
- Employment increases
- Dignity is restored
- Families become stronger
- Communities become safer
- Tax revenues bulge
- Healthcare improves
- Education extends to all
- Entrepreneurship flourishes
Much of this potential growth is curtailed due to high risk, low returns, and corruption. In short, those with the capital simply don’t trust the investment environment in developing nations.
Seizing this opportunity for sustainable economic growth will not be easy. Governments must understand their current economic path and, if they choose to pivot, they must first gain the financial and political support of government and citizen stakeholders. Such a pivot will also require sophisticated change management and expert consulting to truly be successful.
THE HISTORY OF ECONOMIC CONVERGENCE
In the 1960’s, Singapore, Taiwan, and S. Korea were among the most corrupt and poorest countries of the World. Following the Convergence Model, it took 35 years as they went from the bottom of the economic ladder to the top. Today, countries like Rwanda, India, Vietnam and Emirate Dubai have also followed the Convergence model and are seeing business investment escalate – creating jobs!
our management team
Chief of Staff, General Counsel
David G Boyd
VP of Government Relations