description The Great Convergence Overview
Richard Baldwin argues that globalization has entered a new phase, driven by the 'unbundling' of production and the rapid transfer of technology. He explains how the digital revolution has allowed developed nations to outsource manufacturing and services to emerging markets, leading to a 'great convergence' in global wealth. This book is essential for understanding the current state of global trade, the decline of manufacturing in the West, and the rise of new economic powers. It provides a sophisticated, modern perspective on the forces shaping the 21st-century global economy.
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