The Great Convergence Information Technology and the New Globalization

Name: The Great Convergence
Author: Richard Baldwin

Auteur: Richard Baldwin

Taal: Engels

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Auteur: Richard Baldwin

Engels
Hardcover
9780674660489
14 november 2016
329 pagina's

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Samenvatting

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.

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

Because globalization 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 globalization presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.

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Taal: en
Bindwijze: Hardcover
Oorspronkelijke releasedatum: 14 november 2016
Aantal pagina's: 329
Illustraties: Nee

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Hoofdauteur: Richard Baldwin
Hoofduitgeverij: BELKNAP PR

Overige kenmerken

Extra groot lettertype: Nee
Product breedte: 152 mm
Product hoogte: 32 mm
Product lengte: 222 mm
Studieboek: Ja
Verpakking breedte: 140 mm
Verpakking hoogte: 210 mm
Verpakking lengte: 210 mm
Verpakkingsgewicht: 517 g

EAN

EAN: 9780674660489

Je vindt dit artikel in

Categorieën: Mens & Maatschappij

Economie & Financiën

Managementboeken

Economie

Politiek

Sociologie

Economische geschiedenis

Economische groei

Internationale economie & handel

Populaire economie

Politieke wetenschap & Theorie

Interdisciplinaire studies

Globalisering

Boeken
Taal: Engels
Beschikbaarheid: Leverbaar
Boek, ebook of luisterboek?: Boek
Studieboek of algemeen: Algemene boeken

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