The Great Convergence
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The Great Convergence
| Author | : Richard Baldwin |
| Publisher | : Harvard University Press |
| Total Pages | : 330 |
| Release | : 2016-11-14 |
| Genre | : Business & Economics |
| ISBN | : 0674972686 |
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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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