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This paper analyzes the impact of the Converging Economy on the role and function of human resource management (HRM) practice and research. The forces driving convergence - information technology, globalization, and the importance of human assets - are discussed and then related to both HRM practice and research. We identify and discuss nine cutting-edge practices that firms have developed to cope with the changes brought about by the Converging Economy. These practices have potential significance for managers and scholars alike: they may serve as exemplars for organizations needing to navigate the shifting terrain of the Converging Economy. After discussing these practical responses to the changing environment, we discuss several promising new ways to apply theory to this area as a guide for future HRM researchers.