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The Great Convergence by Richard E. Baldwin
£17.95
Available
Product Ref. (e.g. ISBN, SKU)
9780674237841
Published:
31 May 2019
Format:
Paperback
Number of pages:
329 pages
Dimensions:
209.55x139.7x23mm
Weight:
0.306kgs
Author:
Between 1820 and 1990, the share of world income going to today's wealthy nations soared from twenty percent to almost seventy. Since then, that share has plummeted to where it was in 1900. As Richard Baldwin explains, this reversal of fortune reflects a new age of globalization that is drastically different from the old. In the 1800s, globalization leaped forward when steam power and international peace lowered the costs of moving goods across borders. This triggered a self-fueling cycle of industrial agglomeration and growth that propelled today's rich nations to dominance. That was the Great Divergence. The new globalization is driven by information technology, which has radically reduced the cost of moving ideas across borders. This has made it practical for multinational firms to move labor-intensive work to developing nations. But to keep the whole manufacturing process in sync, the firms also shipped their marketing, managerial,
An Economist Best Book of the Year
A Financial Times Best Economics Book of the Year
A Fast Company "7 Books Microsoft CEO Satya Nadella Says You Need to Lead Smarter"
Between 1820 and 1990, the share of world income going to today's wealthy nations soared from twenty percent to almost seventy. Since then, that share has plummeted to where it was in 1900. As the renowned economist Richard Baldwin reveals, this reversal of fortune reflects a new age of globalization that is drastically different from the old. The nature of globalization has changed, but our thinking about it has not.
Baldwin argues that the New Globalization is driven by knowledge crossing borders, not just goods. That is why its impact is more sudden, more individual, more unpredictable, and more uncontrollable than before-which presents developed nations with unprecedented challenges as they struggle to maintain reliable growth and social cohesion. It is the driving force behind what Baldwin calls "The Great Convergence," as Asian economies catch up with the West.
"In this brilliant book, Baldwin has succeeded in saying something both new and true about globalization."
-Martin Wolf, Financial Times
"A very powerful description of the newest phase of globalization."
-Larry Summers, former U.S. Secretary of the Treasury
"An essential book for understanding how modern trade works via global supply chains. An antidote to the protectionist nonsense being peddled by some politicians today."
-The Economist
"[An] indispensable guide to understanding how globalization has got us here and where it is likely to take us next."
-Alan Beattie, Financial Times
About the Author: Richard Baldwin is Professor of International Economics at the Graduate Institute, Geneva, and President of the Centre for Economic Policy Research (CEPR), London.
| Number of pages | 329 |
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We will despatch your order as quickly as we can. If, for whatever reason, a product is out of stock we will contact you to discuss the likely delivery time or an alternative product.
| First Item | 2 Items & Over | |
|---|---|---|
| UK | £3.75 | £5.00 |
| EU | £15.00 | £30.00 |
| USA & Canada | £30.00 | £50.00 |
| Rest of the World | £45.00 | £60.00 |
| Collect in Store | free | free |
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