Convergence theory

Definition

Convergence theory suggests that as societies develop, they begin to share similar features in their work and economic systems due to the adoption of similar technologies and organizational strategies. It posits that industrialization leads different societies toward a common endpoint in terms of economic structure and labor practices.

Related terms

Industrialization: The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.

Economic Structure: The classification of a country's economy into sectors such as agriculture, services, and manufacturing.

Labor Practices: The treatment, management, and organization of workers within the workplace, including aspects like working hours, wages, and conditions