Tyler Cowen doesn’t, at least not any more. In a provocative NY Times piece today, Tyler says, “sustained, meteoric growth in emerging economies may no longer be possible”. He points to 4 culprits, Automation, Global Supply Sources, Wider Economic Gaps, & Aging Populations.
There is some interesting academic work on the possibility that eventual global convergence is not a sure thing, even if countries ADOPT ALL THE “RIGHT” POLICIES
Here’s Howitt and Meyer (JMCB 2005), “a country may have only a finite window of opportunity in which to raise its skill levels to those required for R&D, failing which the country will remain trapped in implementation or stagnation even if it adopts the same policies and institutions as the world’s technology leaders.”
Yikes!
Even the ever-green prescription of “free-trade” may lead to divergence rather than convergence.
Here’s Bajona and Kehoe (RED 2010), “In models in which convergence in…
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Utopia, you are standing in it! 
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