A Year of Divergence

The Great Policy Divergence

The Messy Politics of Economic Divergence

Economic historians call this The Great Divergence.

Not a big divergence in terms of uniform design for border guards admittedly, but in almost every other respect, it's a huge divergence.

There are six which I think explain the Great Divergence.

I think they re two quite different modes divergence and convergence.

So the tree of life is normally divergence over time.

And you can see here that there's an exponential Great Divergence.

But one thing is for sure, the Great Divergence is over, folks.

There is also a divergence of basic interests which must be recognized.

You may think we can explain the Great Divergence in terms of geography.

Unfortunately there is wide divergence of views on the scale of the problem.

Now we have divergence over time, but we've created the third dimension of area.

So it really doesn't look like empire is a great explanation for the Great Divergence.

It became apparent that there was a significant divergence in country practices in that area.

Enlightened self interest, because if that economic divergence continues for another 40 years, combined with social integration globally, it will build a nightmare for our children.

LAGUNA BEACH The world is increasingly characterized by divergence in economic performance, monetary policy, and thus in financial markets. Global divergence has already contributed to stock market volatility, unprecedented declines in advanced economies' government bond yields, and outsize currency movements.

But before we go through that process of divergence, there is actually quite an important first step.

And this slide here is the best simplification of the Great Divergence story I can offer you.

And you can see here the huge divergence that happens in property ownership between North and South.

And this is part of a really extraordinary phenomenon, and that is the end of the Great Divergence.

It's not rebuilding Europe, it's reversing the divergence for the bottom billion, so that they actually catch up.

Second, divergence of views on a possible fissile material treaty is one of the reasons for the impasse.

But it's this process of trial and error that explains this great divergence, this incredible performance of Western economies.

They got on a boat, and yet another divergence the boat was either going to Canada or to Australia.

And the result is an even bigger divergence in a very short space of time than happened in Germany.

Generally speaking, parties concerned are now moving towards consensus on this issue, though divergence remains on some specific questions.

In any case, as you may remember, the Great Divergence reaches its zenith in the 1970s, some considerable time after decolonization.

The result is the accumulation of innovative capital and productive labour in the most developed countries, with a corresponding impoverishment of countries most in need of those resources, generating yet greater divergence and more inequalities.

The pressure on policymakers to address the risks of divergence will increase next year. The consequences of inaction will extend well beyond 2015.

The problem is that the current economic and policy configuration in the developed world entails an unusual amount of divergence. With policy adjustments failing to keep pace with shifts on the ground, an appreciating dollar has assumed the role of shock absorber.

To put that into perspective, this red vertical bar here marks the divergence time of humans from chimpanzees, a mere seven million years ago.

The three hours of discussions in an informal, interactive mode lead me to conclude that there are more areas of convergence than of divergence.

We are among those who believe that the stalemate in which we find ourselves is a symptom of a political divergence on our main priorities.

We see it in the constant appearance of slang and jargon, of the historical change in languages, in divergence of dialects and the formation of new languages.

Further issues to be addressed include problems of duplication and divergence in respect of information emanating from the National AIDS Programme and SIGSA and problems of information dissemination.

However, other central banks, particularly in economies where the output gap is larger than in the United States, will not be keen to follow the Fed s lead. That implies a coming period of monetary policy divergence, with uncertain consequences for the global economy.

A major contributor to this divergence has been ultra loose monetary policy, which, by flooding financial markets with liquidity, was supposed to boost growth. But it remains unclear whether elevated asset prices are supporting aggregate demand or mainly shifting the distribution of wealth.

The first is transatlantic divergence over how best to assure a return to solid growth. The United States favors continuing economic stimulus, while the European Union prefers fiscal consolidation.

After the common currency s first decade, however, increased divergence, rather than rapid convergence, has become the norm within the euro area, and tensions can be expected to increase further.

While all those who spoke agreed that the study served as an excellent basis for discussion, there was a divergence of views over which option or combination of options would be preferable.

That he may make that which the Satan casteth forth a temptation for those in whose heart is a disease and whose hearts are hardened and the wrong doers are in divergence far off

That he may make that which the Satan casteth forth a temptation for those in whose heart is a disease and whose hearts are hardened and the wrong doers are in divergence far off

And with this famous entry in his notebook, he begins in the top left hand corner with, I think, and then sketches out the first tree of life, which is his perception of how all the species, all living things on Earth, are connected through evolutionary history the origin of species through natural selection and divergence from an ancestral population.