• Corpus ID: 11192719

Forget Convergence: Divergence Past, Present, and Future

  title={Forget Convergence: Divergence Past, Present, and Future},
  author={Lant Pritchett},
Looking for evidence of income convergence among the world’s nations has become a fashionable pursuit. Far from narrowing, the gap between the incomes of the rich and poor countries has grown markedly and is likely to widen further. 

The Effects of Learning on Growth-Divergence and Convergence-Club Memberships

Two themes dominate the contours of world development—progress and divergence. The rich and the poor countries are diverging into two “clubs”—the progressive and the stagnant. Leading theoretical

Development in a Time of Globalization

The paper examines grounds on which a `second opinion’ to the Washington Consensus may be constructed using data for a sample of 123 rich and poor nations for the period from 1960 to 1995. The

The pitfalls of convergence analysis: is the income gap really widening?

A number of studies have tested whether, globally, per capita incomes are converging over time. To date, the majority of studies find no evidence of absolute convergence, but many find evidence of

Introduction: Transnational Corporations and the Global Economy

There is a growing consensus that the approaching millenium is not only a notable event in calendar time but also marks a profound historical turning point ending a distinct era of capitalist

Income Convergence and Growth in Alabama: Evidence from Sub-county Level Data

1980 and 2000 Census Block Group (CBG) data were used to examine income convergence in all Alabama counties vis-a-vis Alabama’s Black Belt and Northwest regions. Though all three models demonstrated

Income Convergence in a Rural, Majority African-American Region

This paper revisits the issue of income convergence by examining the question of whether poorer census block groups have been catching up with wealthier census block groups over the 1980-2000 period.

Cross-Country Versus Cross-Regional Convergence in the European Union: An Empirical Exploration

The successful completion of European integration may by any measure be considered as one of the best achievements in modern European history. In spite of some outstanding pitfalls (i.e., monetary


As experts discuss the causes and results of the 2008 financial crisis and ensuing Great Recession, economists of various strands, led mainly by Keynesians, are slowly beginning to question the

Beyond Income: Convergence in Living Standards, Big Time



Divergence, big time

Recently, much attention has been paid in the literature on economic growth to the phenomenon of"conditional convergence,"the tendencies of economies with lower-level incomes to grow faster,

Economic Reform and the Process of Global Integration

WHEN T H E BROOKINGS Panel on Economic Activity began in 1970, the world economy roughly accorded with the idea of three distinct economic systems: a capitalist first world, a socialist second world,