The Great Convergence

The Great Convergence
ISBN-10
067466048X
ISBN-13
9780674660489
Series
The Great Convergence
Category
Business & Economics
Pages
329
Language
English
Published
2016-11-14
Publisher
Harvard University Press
Author
Richard Baldwin

Description

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.

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