The great convergence :: information technology and the new 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 drastic...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Massachusetts :
The Belknap Press of Harvard University Press,
2016.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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.-- |
| Beschreibung: | 1 online resource (329 pages) : illustrations, maps |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780674972667 067497266X |
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| 264 | 1 | |a Cambridge, Massachusetts : |b The Belknap Press of Harvard University Press, |c 2016. | |
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| 520 | |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. 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.-- |c Provided by publisher. | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Humanizing the globe and the first bundling -- Steam and globalization's first unbundling -- ICT and globalization's second unbundling -- A three-cascading-constraints view of globalization -- What's really new? -- Quintessential globalization economics -- Accounting for globalization's changed impact -- Rethinking G7 globalization policies -- Rethinking development policy -- Future globalization. | |
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Globalization |x Economic aspects. | |
| 650 | 0 | |a Income distribution. |0 http://id.loc.gov/authorities/subjects/sh85064765 | |
| 650 | 0 | |a Economic geography. |0 http://id.loc.gov/authorities/subjects/sh85054016 | |
| 650 | 0 | |a Technological innovations |x Economic aspects. | |
| 650 | 6 | |a Mondialisation. | |
| 650 | 6 | |a Revenu |x Répartition. | |
| 650 | 6 | |a Géographie économique. | |
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| 758 | |i has work: |a The great convergence (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFXbGXhgtdTfVvV88mGDmb |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Baldwin, Richard E. |t Great convergence. |d Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2016 |z 9780674660489 |w (DLC) 2016017378 |w (OCoLC)946907068 |
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| author | Baldwin, Richard E. |
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| contents | Humanizing the globe and the first bundling -- Steam and globalization's first unbundling -- ICT and globalization's second unbundling -- A three-cascading-constraints view of globalization -- What's really new? -- Quintessential globalization economics -- Accounting for globalization's changed impact -- Rethinking G7 globalization policies -- Rethinking development policy -- Future globalization. |
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| discipline | Wirtschaftswissenschaften |
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| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:25Z |
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| isbn | 9780674972667 067497266X |
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| publisher | The Belknap Press of Harvard University Press, |
| record_format | marc |
| spelling | Baldwin, Richard E., author. http://id.loc.gov/authorities/names/n94056205 The great convergence : information technology and the new globalization / Richard Baldwin. Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2016. ©2016 1 online resource (329 pages) : illustrations, maps text txt rdacontent computer c rdamedia online resource cr rdacarrier 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. Includes bibliographical references and index. Humanizing the globe and the first bundling -- Steam and globalization's first unbundling -- ICT and globalization's second unbundling -- A three-cascading-constraints view of globalization -- What's really new? -- Quintessential globalization economics -- Accounting for globalization's changed impact -- Rethinking G7 globalization policies -- Rethinking development policy -- Future globalization. Print version record. Globalization Economic aspects. Income distribution. http://id.loc.gov/authorities/subjects/sh85064765 Economic geography. http://id.loc.gov/authorities/subjects/sh85054016 Technological innovations Economic aspects. Mondialisation. Revenu Répartition. Géographie économique. Innovations Aspect économique. globalism. aat BUSINESS & ECONOMICS International Economics. bisacsh BUSINESS & ECONOMICS International General. bisacsh BUSINESS & ECONOMICS / Economic History bisacsh Economic geography fast Globalization Economic aspects fast Income distribution fast Technological innovations Economic aspects fast has work: The great convergence (Text) https://id.oclc.org/worldcat/entity/E39PCFXbGXhgtdTfVvV88mGDmb https://id.oclc.org/worldcat/ontology/hasWork Print version: Baldwin, Richard E. Great convergence. Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2016 9780674660489 (DLC) 2016017378 (OCoLC)946907068 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1415370 Volltext |
| spellingShingle | Baldwin, Richard E. The great convergence : information technology and the new globalization / Humanizing the globe and the first bundling -- Steam and globalization's first unbundling -- ICT and globalization's second unbundling -- A three-cascading-constraints view of globalization -- What's really new? -- Quintessential globalization economics -- Accounting for globalization's changed impact -- Rethinking G7 globalization policies -- Rethinking development policy -- Future globalization. Globalization Economic aspects. Income distribution. http://id.loc.gov/authorities/subjects/sh85064765 Economic geography. http://id.loc.gov/authorities/subjects/sh85054016 Technological innovations Economic aspects. Mondialisation. Revenu Répartition. Géographie économique. Innovations Aspect économique. globalism. aat BUSINESS & ECONOMICS International Economics. bisacsh BUSINESS & ECONOMICS International General. bisacsh BUSINESS & ECONOMICS / Economic History bisacsh Economic geography fast Globalization Economic aspects fast Income distribution fast Technological innovations Economic aspects fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85064765 http://id.loc.gov/authorities/subjects/sh85054016 |
| title | The great convergence : information technology and the new globalization / |
| title_auth | The great convergence : information technology and the new globalization / |
| title_exact_search | 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. Income distribution. http://id.loc.gov/authorities/subjects/sh85064765 Economic geography. http://id.loc.gov/authorities/subjects/sh85054016 Technological innovations Economic aspects. Mondialisation. Revenu Répartition. Géographie économique. Innovations Aspect économique. globalism. aat BUSINESS & ECONOMICS International Economics. bisacsh BUSINESS & ECONOMICS International General. bisacsh BUSINESS & ECONOMICS / Economic History bisacsh Economic geography fast Globalization Economic aspects fast Income distribution fast Technological innovations Economic aspects fast |
| topic_facet | Globalization Economic aspects. Income distribution. Economic geography. Technological innovations Economic aspects. Mondialisation. Revenu Répartition. Géographie économique. Innovations Aspect économique. globalism. BUSINESS & ECONOMICS International Economics. BUSINESS & ECONOMICS International General. BUSINESS & ECONOMICS / Economic History Economic geography Globalization Economic aspects Income distribution Technological innovations Economic aspects |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1415370 |
| work_keys_str_mv | AT baldwinricharde thegreatconvergenceinformationtechnologyandthenewglobalization AT baldwinricharde greatconvergenceinformationtechnologyandthenewglobalization |