Asian countries tend to be less resource-dependent than Latin American or African ones. (Ignoring the Middle Eastern countries, which are mostly excluded from SS&P’s sample anyway.) Those Asian countries have continued to do fine. But it’s the collapse in growth among the resource-reliant countries of Africa and Latin America that ended the Great Convergence. This leaves us with a grim conclusion. It suggests that the Great Convergence was simply the product of the Chinese commodities boom, and little more than that.