The Great Convergence: Information Technology and the New Globalization - Couverture rigide

Baldwin, Richard

 
9780674660489: The Great Convergence: Information Technology and the New Globalization
Couverture rigide
ISBN 10 : 067466048X ISBN 13 : 9780674660489
Editeur : The Belknap Press, 2016

Synopsis

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 globalisation that is drastically different from the old.

In the 1800s, globalisation 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 globalisation 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, and technical know-how abroad along with the offshored jobs. The new possibility of combining high tech with low wages propelled the rapid industrialisation of a handful of developing nations, the simultaneous deindustrialisation of developed nations, and a commodity supercycle that is only now petering out. The result is today s Great Convergence.

Because globalisation is now driven by fast-paced technological change and the fragmentation of production, its impact is more sudden, more selective, more unpredictable, and more uncontrollable. As The Great Convergence shows, the new globalisation presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Richard Baldwin is Professor of International Economics at the Graduate Institute, Geneva, and President of the Centre at Economic Policy Research (CERP), London.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
The Belknap Press
Date d'édition
2016
Langue
anglais
ISBN 10 
067466048X
ISBN 13 
9780674660489
Reliure
Relié
Nombre de pages
344
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9780674237841: The Great Convergence: Information Technology and the New Globalization

Edition présentée

ISBN 10 :  0674237846 ISBN 13 :  9780674237841
Editeur : Harvard University Press, 2019
Couverture souple