Management Papers

Document Type

Journal Article

Date of this Version

5-2014

Publication Source

Journal of International Business Sciences

Volume

45

Issue

4

Start Page

387

Last Page

404

DOI

10.1057/jibs.2013.72

Abstract

We analyze convergence across countries over the last half century as a result of globalizing forces. Drawing on theories of modernization, dependency, the world-system, political trade blocs, and the world-society, we consider economic, demographic, knowledge, financial, and political dimensions of convergence. Using a new methodology, we calculate the minimum volume ellipsoid encompassing different groupings of countries, finding that during the 1960–2009 period, countries have not evolved significantly closer or similar to one another, although groups of countries based on their core-periphery status or membership in trade blocs exhibit increasing internal convergence and divergence between one another.

Copyright/Permission Statement

This is a pre-publication version. The final publication is available at Springer via http://dx.doi.org/10.1057/jibs.2013.72

Keywords

convergence, divergence, semiglobalization, regional integration, trade blocks, minimum volume ellipsoid (MVE)

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Date Posted: 25 October 2018

This document has been peer reviewed.