000 03701nam a2200373 a 4500
001 2983
003 BD-DhEWU
005 20190501020002.0
008 170820t20162016maua g b 001 0 eng d
010 _a 2016017378
020 _a9780674660489 (alk. paper)
020 _a067466048X
035 _a(OCLC)946907068
040 _aMH/DLC
041 _aeng
050 0 0 _aHF1365
_b.B35 2016
082 0 0 _a337
_bBAG 2016
100 1 _aBaldwin, Richard E.,
245 1 4 _aThe great convergence :
_binformation technology and the new globalization /
_cRichard Baldwin.
260 _aCambridge,
_aMassachusetts :
_bThe Belknap Press of Harvard University Press,
300 _a329 pages :
_billustrations ;
_c22 cm
504 _aIncludes bibliographical references (pages 303-312) and index.
505 0 _tTOC
_a Part I. The long history of globalization in short. -- Humanizing the globe and the first bundling -- Steam and globalization's first unbundling -- ICT and globalization's second unbundling -- Part II. Extending the globalization narrative -- A three-cascading-constraints view of globalization -- What's really new? -- Part III. Understanding globalization's changes -- Quintessential globalization economics -- Accounting for globalization's changed impact -- Part IV. Why it matters -- Rethinking G7 globalization policies -- Rethinking development policy -- Looking ahead -- Future globalization.
520 _a 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 super-cycle 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.--
526 _aEconomics
590 _aSagar Shahanawaz
650 0 _aGlobalization
_xEconomic aspects.
650 0 _aIncome distribution.
650 0 _aEconomic geography.
650 0 _aTechnological innovations
_xEconomic aspects.
856 4 2 _3WorldCat details
856 4 0 _3Ebook Fulltext
942 _2ddc
999 _c2983