An Economist Best Book of the Year
A Financial Times Best Economics Book of the Year
A Fast Company "7 Books Microsoft CEO Satya Nadella Says You Need to Lead Smarter"
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 the renowned economist Richard Baldwin reveals, this reversal of fortune reflects a new age of globalization that is drastically different from the old. The nature of globalization has changed, but our thinking about it has not.
Baldwin argues that the New Globalization is driven by knowledge crossing borders, not just goods. That is why its impact is more sudden, more individual, more unpredictable, and more uncontrollable than before—which presents developed nations with unprecedented challenges as they struggle to maintain reliable growth and social cohesion. It is the driving force behind what Baldwin calls "The Great Convergence," as Asian economies catch up with the West.
"In this brilliant book, Baldwin has succeeded in saying something both new and true about globalization."
—Martin Wolf, Financial Times
"A very powerful description of the newest phase of globalization."
—Larry Summers, former U.S. Secretary of the Treasury
"An essential book for understanding how modern trade works via global supply chains. An antidote to the protectionist nonsense being peddled by some politicians today."
—The Economist
"[An] indispensable guide to understanding how globalization has got us here and where it is likely to take us next."
—Alan Beattie, Financial Times
- 340 pages
- English
- PDF
- Available on iOS & Android
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Information
21
Modern
humans
appeared
about
200
millennia
ago
in
Africa.
As
the
population
rose
and
fell,
the
search
for
additional
food
expanded
and
contracted
humanity’s
geographic
range.
For
seventy-five
mil-
lennia
or
so,
this
consumption-moving-to-production
happened
only
in
Africa.
is
chapter
first
relates
the
story
of
how
humans
hunted
and
gathered
their
way
across
the
globe
in
Phase
One.
It
then
turns
to
explaining
how
the
nature
of
globalization
changed
radically
when
a
large
share
of
humans
got
“stuck”
in
certain
locales
aſter
the
inven-
tion
of
agriculture.
Phase
One:
Humanizing
the
Globe
e
detailed
timing
of
modern
humans
moving
beyond
Africa
is
not
fully
understood,
but
it
was
certainly
not
linear.
Given
the
close
ties
between
climate,
food,
and
population—and
the
vast
climate
change
going
on
during
this
period
(Figure 4)—humanity’s
disper-
sion
quite
naturally
waxed
and
waned.
Archaeological
evidence
shows
that
one
group
exited
Africa
during
the
last
really
warm
period—something
like
125,000
years
ago.
ey
leſt
via
the
Egyptian
route
and
entered
the
Fertile
Cres-
cent.
Contemporary
DNA
evidence,
however,
tells
us
that
they
did
not
survive.
A
team
of
scientists
led
by
Vincent
Macaulay
used
evidence
from
mitochondrial
DNA
to
prove
that
all
non-African
humans
chapter
1
Humanizing
the
Globe
and
the
First
Bundling
Table of contents
- Cover
- Title
- Copyright
- Dedication
- Contents
- Introduction
- Part I: The Long History of Globalization in Short
- Part II: Extending the Globalization Narrative
- Part III: Understanding Globalization’s Changes
- Part IV: Why It Matters
- Part V: Looking Ahead
- Notes
- Acknowledgments
- Index
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