The Great Convergence

Information Technology and the New Globalization

Ranked #66 in Trade

Between 1820 and 1990, the share of world income going to today'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 globalisation that is drastically different from the old.

In the 1800s, globalisation 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's rich nations to dominance. That...

Reviews and Recommendations

We've comprehensively compiled reviews of The Great Convergence from the world's leading experts.

Satya Nadella CEO/MicrosoftIn this look at how telepresence and telerobotics will increasingly let people cross international borders from the comfort of their own homes, Nadella sees analogies to Microsoft’s HoloLens headset, especially as the technology matures and its cost comes down. (Source)

Larry Summers It’s a very powerful description of the newest phase of globalization. (Source)

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