File Name: the great convergence information technology and the new globalization .zip
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Watch Richard Baldwin discuss what populism gets wrong about globalization on Bloomberg:. Since then, that share has plummeted to where it was in As Richard Baldwin explains, this reversal of fortune reflects a new age of globalization that is drastically different from the old. In the s, globalization leaped forward when steam power and international peace lowered the costs of moving goods across borders. That was the Great Divergence.
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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. Read more Read less.
There have been two big globalization booms over the past two centuries. The first caused divergence between rich and poor nations while the second, since the s, has caused convergence. With elegance, economist Richard Baldwin tells us why.
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The first part of this book offers a breathtaking overview of the four phases of globalization that Baldwin argues have taken place during the past , years. Baldwin then focuses on the third phase, which lasted from until , and the fourth one, which is still ongoing. The third phase began with the steam engine and other significant improvements in transportation, which led to increased trade in goods among different parts of the world.
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F] The Great Convergence: Information Technology and the New Globalization Read Online Details Details Product: Between and , 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 As Richard Baldwin explains, this reversal of fortune reflects a new age of globalisation that is drastically different from the old. In the s, 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.
Not a MyNAP member yet? Register for a free account to start saving and receiving special member only perks. Sophisticated information technologies permit instantaneous communication among the far-flung operations of global enterprises.