The Great convergence : information technology and the new globalization / Richard Baldwin.

By: Material type: TextTextPublication details: Cambridge, Massachusetts : The Belknap press of Harvard University Press, 2016.Description: 329p. : illustrations ; 22cmISBN:
  • 978067466489
Subject(s): DDC classification:
  • 337 BAL 22
Summary: 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. As the book shows, the new globalization presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.
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Item type Current library Call number Status Date due Barcode Item holds
Book Book Calcutta 337 BAL (Browse shelf(Opens below)) Available IIMC-0145146
Total holds: 0

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. As the book shows, the new globalization presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.

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