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Answer 1

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Since the last two decades, convergence literature has reawakened widespread interest. However, the rest of them rely on global prosperity or wealth convergence. Globalization's implications have also been extensively discussed and analyzed, but its influence on the integration of quality of life metrics other than wealth has been little studied. As a consequence, this research explores whether global human development metrics (primarily related to wealth, health, and education) are converging or diverging, as well as the effect of globalization on the process. Using complex panel data econometrics on data from 153 countries around the world from 1990 to 2015, we discovered that the Human Development Index (HDI) and its components are highly correlated. Although the health and education indicators are convergent, the wealth variable is divergent. We also discovered that globalization has major converging effects on HDI and its component metrics. Income inequalities are caused by a country's previous degree of economic growth, not by globalization. Globalization had a greater effect on lower-income countries than on higher-income countries.