000			03521nam a22003978i 4500
001			2016017378
003			DLC
005			20190729110622.0
008			160411s2016 mau b 001 0 eng
010			_a 2016017378
020			_a9780674660489 _q(alk. paper)
042			_apcc
040			_aMH/DLC _beng _erda _cMH _dMvI
050	0	0	_aHF1365 _b.B35 2016
082	0	0	_a337 _223
100	1		_aBaldwin, Richard E.,
245	1	4	_aThe great convergence : _binformation technology and the new globalization / _cRichard Baldwin.
263			_a1611
264		1	_aCambridge, Massachusetts : _bThe Belknap Press of Harvard University Press, _c2016.
300			_apages cm
336			_atext _2rdacontent
337			_aunmediated _2rdamedia
338			_avolume _2rdacarrier
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.-- _cProvided by publisher
504			_aIncludes bibliographical references and index.
505	0		_aPart 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.
650		0	_aGlobalization _xEconomic aspects.
650		0	_aIncome distribution.
650		0	_aEconomic geography.
650		0	_aTechnological innovations _xEconomic aspects.
948			_au620795
949			_aHF1365 .B35 2016 _wLC _c1 _hEY8Z _i33039001400604
596			_a1
903			_a34266
999			_c34266 _d34266