September 22nd 2018


  Buy Issue 3029
Qty:

Articles from this issue:

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

EDITORIAL Power companies in clover after closures

CANBERRA OBSERVED Liberals in need of an internal peacemaker

ENERGY Solar, wind dependence will add $1300 to power bills, engineers, scientists warn

LIFE ISSUES Queensland life march busts media stereotypes

ENVIRONMENTAL POLITICS Unmask activists disguised as nature lovers

FOREIGN AFFAIRS China takes up challenge to imitate and overtake America

CHINA AND AUSTRALIA Paul Monk thunders at kowtowing former pollies

FOREIGN AFFAIRS Hawaii: Pearl of the Pacific

BOOK EXCERPT From Patrick J. Byrne's book, Transgender: One Shade of Grey

FREE SPEECH University of Western Australia blinks again

LIFE ISSUES Queensland law will open floodgates to sex-selective abortion

HUMOUR

MUSIC Pop and singing: A certain antagonism

CINEMA Christopher Robin: The best something comes from nothing

BOOK REVIEW A so-called industry with only a dark side

BOOK REVIEW Population see-saw changes direction

LETTERS

POETRY

EUTHANASIA No concoction can kill peacefully

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

OPINION The Victorian ALP observed from up close

COVER STORY Caution with gender transitioning: children's futures at risk

CANBERRA OBSERVED Coal-Hand ScoMo pulls off an accidental coup

COVER STORY Current policies leave farmers high and dry in drought

EDITORIAL Power companies in clover after closures

EDITORIAL Turnbull the architect of his own demise

CANBERRA OBSERVED Captain and Lieutenant's $444 million munificence



























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