Books > Reference & Interdisciplinary > Interdisciplinary studies > Globalization
|
Buy Now
The Great Convergence - Information Technology and the New Globalization (Hardcover)
Loot Price: R665
Discovery Miles 6 650
You Save: R88
(12%)
|
|
The Great Convergence - Information Technology and the New Globalization (Hardcover)
Expected to ship within 12 - 17 working days
|
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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.