The Great Convergence

The Great Convergence

Harvard University Press | October 14, 2016 | 330 pages

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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ISBN: 9780674660489

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