The Great Convergence : Information Technology and the New Globalization / Richard Baldwin.
Baldwin, Richard, author.
2018
HF1365 .B35 2016
Available Online

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Title The Great Convergence : Information Technology and the New Globalization / Richard Baldwin.
Author Baldwin, Richard, author.
ISBN 9780674972667
DOI https://doi.org/10.4159/9780674972667
Published Cambridge, MA : Harvard University Press, [2018]
Copyright ©2016
Language English
Language Note In English.
Description 1 online resource (330 p.) : 2 halftones, 29 line illustrations, 41 graphs, 9 tables
Other Standard Identifiers 10.4159/9780674972667 doi
Call Number HF1365 .B35 2016
Dewey Decimal Classification 337
Summary 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.
Access Note Access limited to authorized users.
System Details Note Mode of access: Internet via World Wide Web.
Digital File Characteristics text file PDF
Source of Description Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Aug 2021)
In Harvard University Press Complete eBook-Package 2017
Linked Resources Online Access
Record Appears in Online Resources > Ebooks
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Frontmatter
Contents
Introduction
PART I: The Long History of Globalization in Short
Introduction
1. Humanizing the Globe and the First Bundling
2. Steam and Globalization's First Unbundling
3. ICT and Globalization's Second Unbundling
PART II: Extending the Globalization Narrative
4. A Three- Cascading- Constraints View of Globalization
5. What's Really New?
PART III: Understanding Globalization's Changes
6. Quintessential Globalization Economics
7. Accounting for Globalization's Changed Impact
PART IV: Why It Matters
Introduction
8. Rethinking G7 Globalization Policies
9. Rethinking Development Policy
PART V: Looking Ahead
10. Future Globalization
Notes
Acknowledgments
Index

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