The Great Convergence
Business & Finance, Economics, International, Economic History, Nonfiction, Social & Cultural Studies, Political Science
| Author: | Richard Baldwin | ISBN: | 9780674972681 |
| Publisher: | Harvard University Press | Publication: | November 14, 2016 |
| Imprint: | Harvard University Press | Language: | English |
| Author: | Richard Baldwin |
| ISBN: | 9780674972681 |
| Publisher: | Harvard University Press |
| Publication: | November 14, 2016 |
| Imprint: | Harvard University Press |
| Language: | English |
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.
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.
