The Great Convergence
by Baldwin, Richard (2016)
Abstract
From 1820 to 1990 the share of world income going to today’s wealthy nations soared from 20% to 70%. That share has recently plummeted. Richard Baldwin shows how the combination of high tech with low wages propelled industrialization in developing nations, deindustrialization in developed nations, and a commodity supercycle that is petering out.
Keywords
History, Historiography, Historical Context, Globalisation, Information Technology, G7 CountriesThemes
History of TechnologyLinks to Reference
Citation
Baldwin, Richard. The Great Convergence. The Belknap Press of Harvard University Press, 2016.
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