000			03403nam a2200325Ia 4500
001			1837
008			230305s2016 xx 000 0 und d
020			_a9780674660489
041			_aeng
245		4	_aThe great convergence
260			_a _bThe Belknap Press, _c2016
300			_a329 p. ; 22 cm
500			_ainformation technology and the new globalization
505			_aPart I. The long history of globalization in short. _rHumanizing the globe and the first bundling-- _rSteam and globalization's first unbundling-- _rICT and globalization's second unbundling-- _rPart II. Extending the globalization narrative-- _rA three-cascading-constraints view of globalization-- _rWhat's really new?-- _rPart III. Understanding globalization's changes-- _rQuintessential globalization economics-- _rAccounting for globalization's changed impact-- _rPart IV. Why it matters-- _rRethinking G7 globalization policies-- _rRethinking development policy-- _rLooking ahead-- _rFuture globalization.--
520			_aBetween 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.-- Provided by publisher
590			_bIncludes bibliographical references (pages 303-312) and index.
630			_aHF COMMERCE _914
650			_aGlobalization _xEconomic aspects _97253
650			_aIncome distribution _97118
650			_aEconomic geography _98885
650			_aTechnological innovations _xEconomic aspects.
700			_aBaldwin, Richard, _eAuthor
856			_uhttps://books.google.es/books?id=YXx3DQAAQBAJ&printsec=frontcover&dq=the+great+convergence&hl=ca&sa=X&ved=0ahUKEwjg7rO7gP_UAhVF6RQKHVBGAYoQ6AEIITAA#v=onepage&q=the%20great%20convergence&f=false
902			_a459
905			_am
912			_a2016-01-01
942			_a1
953			_d2017-07-10 17:14:24
999			_c1793 _d1793