Are certain countries doomed to remain emerging? (John Page, Brookings)

Incomes in developed and developing countries have been converging, especially since the turn of the century, but the unevenness of that trajectory merits further examination. Beginning in the early the 2000s, the average per capita income of developing countries (adjusted for purchasing power parity) has increased substantially relative to the average per capita income of developed countries (Figure 1). Output per person in developing countries almost doubled between 2000 and 2010. The average annual rate of growth for all developing countries over the decade was 7.6 percent—4.5 percentage points higher than the growth rate in rich countries.

https://www.brookings.edu/research/are-certain-countries-doomed-to-remain-emerging/