Determinants of economic divergence among accelerating societies

Abstract

Theoretical discussions about the existence of divergence among countries have advanced and are centered on convergence, the technology gap, government-leading catch-up strategies, information communication technology diffusion, and inter-country development gap expansion. By applying economic models to different societies, the income divergence hypothesis for nations can be proven. This income diversion model clearly explains not only the emergence of accelerating and decelerating societies but also the income divergence seen among accelerating societies. Therefore, in this paper, theoretical evidence about divergence is suggested based on the existing discussions related to the issue, and then the inter-country income divergence model is used to explain the differences between accelerating and decelerating societies.