June 15th 2019


  Buy Issue 3046
Qty:

Articles from this issue:

COVER STORY Anthony Albanese: NSW left factional warlord takes charge

EDITORIAL Religious freedom: the political and legislative challenges

CANBERRA OBSERVED Will Bill Shorten emerge from the shadows again?

FEDERAL ELECTION Queensland voted for jobs, life and country

NATIONAL AFFAIRS Keating's 'nutters': Don't blame the messenger

ECONOMICS AND SOCIETY Health policy is not immune from neoliberal infection

HUMAN RIGHTS Canada accepts Asia Bibi and family as refugees

FAMILY AND SOCIETY Families keeping the faith: the Benedict and other options

IDEOLOGY Feminist claims for equality, Part 1: The context

HISTORY OF SCIENCE Faith and reason and Father Stanley Jaki, Part 3: More on science and ancient cultures

LIFE ISSUES Families, youth boost crowd at WA Rally for Life

MUSIC Muse of delight: The laugh ascending

CINEMA Asterix: The Secret of the Magic Potion

BOOK REVIEW Pioneering aviator's flights and fancies

BOOK REVIEW Catholic resistance in a forgotten war

BOOK REVIEW AFA patron's long life of public service

LETTERS

NATIONAL AFFAIRS Cardinal Pell's appeal, June 5-6, 2019: An account from the live streaming

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



























All you need to know about
the wider impact of transgenderism on society.
TRANSGENDER: one shade of grey, 353pp, $39.99


Join email list

Join e-newsletter list


Your cart has 0 items



Subscribe to NewsWeekly

Research Papers



Trending articles

NATIONAL AFFAIRS Cardinal Pell's appeal, June 5-6, 2019: An account from the live streaming

EDITORIAL How Scott Morrison routed Labor, the Greens, GetUp and the left media

EDITORIAL Religious freedom will be suffocated if ALP elected

NATIONAL AFFAIRS The trial of Cardinal Pell ... an injustice

COVER STORY Green energy policies freeze out the poor

OBITUARY Bob Hawke: astute politician; flawed policies

COVER STORY Scomo routs Labor, the Green, GetUp and the left-wing media by Patrick J. Byrne and Peter Westmore



























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