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.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 387-404 |
| Number of pages | 18 |
| Journal | Journal of International Business Studies |
| Volume | 45 |
| Issue number | 4 |
| DOIs | |
| State | Published - May 2014 |
| Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Business and International Management
- General Business, Management and Accounting
- Economics and Econometrics
- Strategy and Management
- Management of Technology and Innovation
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