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Is there convergence across countries? A spatial approach

Heather Berry, Mauro F Guillén and Arun S Hendi
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Heather Berry: George Washington University School of Business, Washington DC, USA
Mauro F Guillén: The Wharton School, University of Pennsylvania, Philadelphia, USA
Arun S Hendi: Population Studies Center, University of Pennsylvania, Philadelphia, USA

Journal of International Business Studies, 2014, vol. 45, issue 4, 387-404

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.

Date: 2014
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