The Great Convergence
Download or Read eBook The Great Convergence PDF written by Richard Baldwin and published by Harvard University Press. This book was released on 2016-11-14 with total page 330 pages. Available in PDF, EPUB and Kindle.
| Author | : Richard Baldwin |
| Publisher | : Harvard University Press |
| Total Pages | : 330 |
| Release | : 2016-11-14 |
| ISBN-10 | : 9780674972681 |
| ISBN-13 | : 0674972686 |
| Rating | : 4/5 (81 Downloads) |
Book Synopsis The Great Convergence by : Richard Baldwin
Book excerpt: 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.
