The Great Convergence: Information Technology and the New Globalization

An Economist Best Book of the Year
A Financial Times Best Economics Book of the Year
A Times Literary Supplement Book of the Year
A Fast Company “7 Books Microsoft CEO Satya Nadella Says You Need To Lead Smarter” Selection

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 globalization that is drastically different from the old.

“Baldwin’s work seems likely to become a standard, perhaps indispensable, guide to understanding how globalization has got us here and where it is likely to take us next.”
—Alan Beattie, Financial Times

“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

“I can’t imagine a better and more accessible analysis of trade and globalization in the digital era.”
—Diane Coyle, Enlightened Economist

“In this brilliant book, Baldwin has succeeded in saying something both new and true about globalization.”
—Martin Wolf, Financial Times