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The Great Convergence: Information Technology and the New Globalization (Hardback)
  • The Great Convergence: Information Technology and the New Globalization (Hardback)
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The Great Convergence: Information Technology and the New Globalization (Hardback)

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£21.95
Hardback 330 Pages / Published: 21/11/2016
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From 1820 to 1990 the share of world income going to today's wealthy nations soared from 20% to 70%. That share has recently plummeted. Richard Baldwin shows how the combination of high tech with low wages propelled industrialization in developing nations, deindustrialization in developed nations, and a commodity supercycle that is petering out.

Publisher: Harvard University Press
ISBN: 9780674660489
Number of pages: 330
Weight: 499 g
Dimensions: 140 x 210 x 30 mm


MEDIA REVIEWS
The Great Convergence is important and accessible in equal measure, with a balance between examples presented as stories and analytics set out with clarity and verve.--Paul Collier, University of Oxford
The Great Convergence offers a compelling framework for thinking about how trade is organized and why and how it benefits whom...I can't imagine a better and more accessible analysis of trade and globalization in the digital era.--Diane Coyle"Enlightened Economist" (11/01/2016)
The Great Convergence is an important text, because it argues for a change in the way we think about and deal with globalization. Baldwin disaggregates the monolithic, undifferentiated approach that considers globalization as a single phenomenon. Rather, the author argues that there are three major strands of globalization, and that these strands have been predominant during successive historical periods. First, globalization consisted of the movement of goods, then the movement of ideas/information, and, Baldwin posits, in the future the movement and enhanced functionality of people. Viewing globalization through this lens, supported by clear and lucid historical analysis, Baldwin's view will cause the reader to think differently about trade agreement, government policy, the future of work, and other economic and political issues. This spirited thesis is presented with clarity in lucid and thoughtful prose that is accessible to all readers.--S. A. Schulman"Choice" (03/01/2017)
[Baldwin] doesn't simply deliver an excellent summary of the history of globalization with The Great Convergence. He also describes how it has changed over the last century, and how thanks to the digital revolution we stand on the threshold of a new age in the evolution of the global economy...Picking up Baldwin's book is like stepping into an economic time machine. How did the west become the dominant economic center of the world in just two centuries, generating 70 percent of global economic output? Why did this trend start to change around 1990? And why are supply chains, not national borders, the deciding factors for globalization today? Only after these questions are answered can Donald Trump's protectionist counterrevolution be unmasked as the illusion it is. Baldwin delivers these answers, and argues them convincingly.--Torsten Riecke"Handelsblatt Global" (03/09/2017)

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