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 Countries

Themes

History of Technology

Links to Reference

• https://trove.nla.gov.au/version/227200248

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