TERMIUM Plus®

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IRON LAW CONVERSION [1 record]

Record 1 1998-11-19

English

Subject field(s)
  • Phraseology
  • National and International Economics
CONT

The result derived from studies of economies [in regions in European countries, U.S., and Japan] - once described as the "iron law of conversion" by economist Larry Summers - is that poorer regions typically catch up to the richer ones at a rate of 2% to 3% per year.

French

Domaine(s)
  • Phraséologie
  • Économie nationale et internationale
CONT

L'économiste Larry Summers a effectué des études sur [les] économies [des régions dans les pays européens, des États-Unis et du Japon]; sa conclusion est qu'il existe une «loi d'airain de la convergence» selon laquelle les régions les plus pauvres rattrapent généralement les plus riches à un rythme de 2 % ou 3 % par an.

Spanish

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