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The idea of convergence has roots in the 1950s, and was a response to greater economic integration and international capital flows after World War II. Before the 1990s, convergence took the form of harmonization, the reduction of differences between the various accounting standards used internationally. [2]
Sokoloff and Engerman explained this convergence in their article "History Lessons: Institutions, Factor Endowments, and Paths of Development in the New World." They explained that the United States and Canada started out as two of the poorest colonies in the New World but grew faster than other countries due to their soil qualities.
The adoption of IFRS in the European Union is a special case because it is an element of wider reforms aiming to consolidate the economies of member countries. One study reports positive market effects for companies adopting IFRS, but these positive effects occurred even before the transition took place. [ 46 ]
The Hong Kong government releases an Interoperability Framework [6] every year recommending file formats for various tasks. In their latest version they recommend the use of Microsoft Office '97 or OpenOffice.org v2.0 (based on OpenDocument 1.0) file formats for collaborative editing of text documents, spreadsheets and slideshow presentations.
Social mobility is the movement of individuals, families, households or other categories of people within or between social strata in a society. [1] It is a change in social status relative to one's current social location within a given society. This movement occurs between layers or tiers in an open system of social stratification.
Often taken without the consent of their parents or community elders, some children were placed in state-run child welfare facilities, increasingly operated in former residential schools, while others were fostered or placed up for adoption by predominantly non-Indigenous families throughout Canada and the United States.
Big bang adoption or direct changeover is when a new system is adopted instantly, with no transition period between the old and new systems. [ 1 ] [ 2 ] [ 3 ] When a new system needs to be implemented in an organization , there are three different ways to adopt this new system: the big bang adoption, phased adoption and parallel adoption .
Convergence clubs, in global economic theory, pertain to levels of international attainment. Groups of countries are classified based on educational levels, income per capita and other measurable factors.