Convergence theory suggests that the two economic systems of capitalism and socialism will grow further and further apart, which will lead to international mistrust and trade wars. True / False.

Question

Social Studies

Tank

26 July, 10:54

Convergence theory suggests that the two economic systems of capitalism and socialism will grow further and further apart, which will lead to international mistrust and trade wars. True / False.

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Luci · Answer 1

False.

Explanation:

The Convergence theory does not suggest that the two economic systems of capitalism and socialism will grow further and further apart, which will lead to international mistrust and trade wars. Instead, what this theory suggests is that, through a fully industrialization of a society, every nation will ultimately converge in an unified global culture.