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Erudite Blog

On March 8, the Korea Institute for International Economic Policy (KIEP) issued a report on potential impacts of new US trade policy on the Indian economy. According to KIEP, uncertainty regarding the Indian economy has increased to due to an increasing preference for protectionism by the new US administration.

Convergence is an evolutionary process where multiple different systems merge toward performing similar or overlapping functions. Multiple technologies may come to serve the same roles. Multiple machines or devices may come to fill the same uses. Multiple industries may come to offer the same value propositions, either with or without knowledge of overlapping ones offered by adjoining industries.