The great convergence : information technology and the new globalization /

Bibliographic Details
Main Author: Baldwin, Richard E. (Author)
Format: Book
Language:English
Published: The Belknap Press of Harvard University Press, 2016
Subjects:
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author Baldwin, Richard E.
author_facet Baldwin, Richard E.
author_role aut
author_sort Baldwin, Richard E.
author_variant r e b re reb
building CSSSC Library
contents 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.
format Book
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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.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="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. 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id csssc.28489
illustrated Illustrated
institution Centre for Studies in Social Sciences, Calcutta
isbn 9780674660489 (alk. paper)
language English
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physical 329 pages : illustrations ; 22 cm
publishDate 2016
publisher The Belknap Press of Harvard University Press,
record_format XML
spelling Baldwin, Richard E., author. 7950
The great convergence : information technology and the new globalization / Richard Baldwin.
Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2016.
©2016
329 pages : illustrations ; 22 cm
text rdacontent
unmediated rdamedia
volume rdacarrier
Includes bibliographical references (pages 303-312) and index.
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.
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.-- Provided by publisher
Globalization Economic aspects. 7951
Income distribution. 7856
Economic geography. 7952
Technological innovations Economic aspects. 4259
spellingShingle Baldwin, Richard E.
The great convergence : information technology and the new globalization /
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.
Globalization Economic aspects. 7951
Income distribution. 7856
Economic geography. 7952
Technological innovations Economic aspects. 4259
title The great convergence : information technology and the new globalization /
title_auth The great convergence : information technology and the new globalization /
title_full The great convergence : information technology and the new globalization / Richard Baldwin.
title_fullStr The great convergence : information technology and the new globalization / Richard Baldwin.
title_full_unstemmed The great convergence : information technology and the new globalization / Richard Baldwin.
title_short The great convergence :
title_sort great convergence information technology and the new globalization
title_sub information technology and the new globalization /
topic Globalization Economic aspects. 7951
Income distribution. 7856
Economic geography. 7952
Technological innovations Economic aspects. 4259
topic_facet Globalization
Income distribution.
Economic geography.
Technological innovations
Economic aspects.
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