October 20th 2018


  Buy Issue 3031
Qty:

Articles from this issue:

COVER STORY Internal strife at Fortress ABC by Peter Westmore

EDITORIAL The state is separating children from families

CANBERRA OBSERVED Liberals are bare favourites for Wentworth

DEREGULATION Sugar growers are getting burned on churned-up playing field

EUROPE Attempt to discipline Hungary divides the EU

CHINA Social Credit System gives complete control of every citizen

EDUCATION Curriculum refinements will not fix schools

BANKING ROYAL COMMISSION Banks' failures are a symptom of social malaise

HISTORY Moby Dick and American exceptionalism

SHAKESPEARE Tick-tock: clues to the timeless appear of the Bard

INTERNATIONAL AFFAIRS Trump to UN: we'll do it our way; you do it yours

MUSIC Well-tempered scale: might put an alien in a bad temper

CINEMA Alpha: Beautiful beginnings

BOOK REVIEW Essays towards reconstruction

BOOK REVIEW Can society survive the decay of religion?

LETTERS

CLIMATE CHANGE Hockey 1, hockey 2: Good science contradicts IPCC's two-degree alarmism

Books promotion page

THE GREAT CONVERGENCE:
Information Technology and the New Globalisation

Richard Baldwin

$64.99


Buy Book
Qty:

Book description

Between 1820 and 1990, the share of world income going to today’s wealthy nations soared from 20 per cent to almost 70. 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 globalisation that is drastically different from the old.

In the 1800s, globalisation 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 globalisation is driven by information technology, which has radically reduced the cost of moving ideas across borders. This has made it practical for multinational companies to move labour-intensive work to developing nations. But to keep the whole manufacturing process in sync, the companies also shipped their marketing, managerial, and technical knowhow abroad along with the offshored jobs. The new possibility of combining high tech with low wages propelled the rapid industrialisation of a handful of developing nations, the simultaneous deindustrialisation of developed nations, and a commodity supercycle that is only now petering out. The result is today’s Great Convergence.

Because globalisation 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 globalisation presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.

About the author

Richard Baldwin is Professor of International Economics at the Graduate Institute, Geneva, and president of the Centre for Economic Policy Research (CEPR), London.


Related Articles:
BOOK REVIEW A refinement of the Industrial Revolution



























The perfect gift for
the thinker in the family.
The Best of News Weekly: 2014-2016, 320pp, $35


Join email list

Join e-newsletter list


Your cart has 0 items



Subscribe to NewsWeekly

Research Papers



Trending articles

EUTHANASIA No concoction can kill peacefully

LIFE ISSUES Bowing to the goddess of abortion law reform: the pseudo-religion of radical feminism

EDITORIAL The state is separating children from families

CHINA Social Credit System gives complete control of every citizen

CLIMATE CHANGE Hockey 1, hockey 2: Good science contradicts IPCC's two-degree alarmism

THE ECONOMY A shower of cold facts may counter coal phobia

COVER STORY Water, water everywhere, but not for the farmers



























© Copyright NewsWeekly.com.au 2017
Last Modified:
June 20, 2015, 1:01 pm