000			02364nam a2200217Ia 4500
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005			20201007220932.0
008			160316s2016 xxu||||| |||| 00| 0 eng d
020			_a 9780674660489
040			_cnls
082			_a337.000000 _bBAL
100			_aBaldwin Richard
245			_aThe great convergence : Information technology and the new globalization
260			_aLondon _bHarvard University Press _c2016
300			_a329p
365			_b Rs. 2,489
505			_aDescription : 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.
650			_a1. Economic Geography2. Technological Innovations - Economic Aspects3. Globalization - Income Distribution
700			_a _a
942			_2ddc _cBK