{"id":3406,"date":"2022-12-03T13:36:38","date_gmt":"2022-12-03T13:36:38","guid":{"rendered":"https:\/\/koeky.nl\/boeken\/product\/the-great-convergence\/"},"modified":"2022-12-03T13:36:40","modified_gmt":"2022-12-03T13:36:40","slug":"the-great-convergence","status":"publish","type":"product","link":"https:\/\/koeky.nl\/boeken\/product\/the-great-convergence\/","title":{"rendered":"The Great Convergence"},"content":{"rendered":"<p>Information Technology and the New Globalization<\/p>\n<p>Between 1820 and 1990, the share of world income going to today&#8217;s wealthy nations soared from twenty percent to almost seventy.<\/p>\n<p>&nbsp;<\/p>\n<p>Auteur: Richard  Baldwin<\/p>\n<p>Taal: Engels<\/p>\n<p>Bindwijze: gebonden<\/p>\n<p>Rubriek: Economie<\/p>\n<p>Leverbaarheid: Direct leverbaar<\/p>\n<p>Uitgever: Harvard University Press<\/p>\n<p>Verschijningsdatum: 2016-11-21T00:00:00+01:00<\/p>\n<p>Trefwoord:<br \/>\nglobalisering<br \/>\ninformatietechnologie<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between 1820 and 1990, the share of world income going to today&#8217;s wealthy nations soared from twenty percent to almost seventy. Since then, that share has plummeted to where it was in 1900. As Richard Baldwin explains, this reversal of fortune reflects a new age of globalization that is drastically different from the old.&#13;<br \/>\n&#13;<br \/>\nIn the 1800s, globalization leaped forward when steam power and international peace lowered the costs of moving goods across borders. This triggered a self-fueling cycle of industrial agglomeration and growth that propelled today&#8217;s rich nations to dominance. That was the Great Divergence.&#13;<br \/>\n&#13;<br \/>\nThe 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.&#13;<br \/>\n&#13;<br \/>\nThe 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 supercycle that is only now petering out. The result is today&#8217;s Great Convergence. Because globalization is now driven by fast-paced technological change and the fragmentation of production, its impact is more sudden, more selective, more unpredictable, and more uncontrollable.&#13;<br \/>\n&#13;<br \/>\nAs The Great Convergence shows, the new globalization presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.<\/p>\n","protected":false},"featured_media":3407,"comment_status":"closed","ping_status":"open","template":"","meta":[],"product_brand":[],"product_cat":[29],"product_tag":[],"class_list":{"0":"post-3406","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-economie","8":"first","9":"instock","10":"product-type-external"},"_links":{"self":[{"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product\/3406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/comments?post=3406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/media\/3407"}],"wp:attachment":[{"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/media?parent=3406"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product_brand?post=3406"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product_cat?post=3406"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/koeky.nl\/boeken\/wp-json\/wp\/v2\/product_tag?post=3406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}