The Great Convergence

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] excellent bookBaldwins 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. There can be few more vital subjects today that will benefit from this sort of clear and comprehensive exposition. -- Alan Beattie * Financial Times * Will surprise and illumine. -- Paul Collier * Times Literary Supplement * There is much in this book to ponder. -- Tyler Cowen * Marginal Revolution * In this brilliant book, Baldwin has succeeded in saying something both new and true about globalization. -- Martin Wolf * Financial Times * Many books deal with various features of globalization. Only Baldwins deals with the logic of globalization. Globalization happens when the movement of goods, knowledge, and people is technologically possible and cheap enough to encompass the entire world. The first globalization was built on the movement of goods, the one we live today on the movement of knowledge and information, the next one will be built on the movement of people. It is a must-read for those who want to learn about the past and to peer into the future. -- Branko Milanovic, City University of New York Sheds a bright light on the nature of trade in todays erathe second globalization since the industrial revolution. -- Martin Wolf * Financial Times * The first part of this book offers a breathtaking overview of the four phases of globalization that Baldwin argues have taken place during the past 200,000 years. -- G. John Ikenberry * Foreign Affairs * Its a very powerful description of the newest phase of globalization. -- Larry Summers * Five Books * Offers a valuable summary of how we got to where we are now. Its a narrative that bears retelling. -- Jane Humphries * Times Literary Supplement * The Great Convergence offers a compelling framework for thinking about how trade is organized and why and how it benefits whomI cant imagine a better and more accessible analysis of trade and globalization in the digital era. -- Diane Coyle * Enlightened Economist * In this congenial volume, [Baldwin] adroitly covers 200,000 years of human trading practices, deploying insights from archaeology, anthropology, climate science, economic history, political science, development studies and other disciplines as he goes. He takes us on a journey from the ancient world to the 21st century, and from the global North to the developing South, in order to set the scene for the past 25 years of globalization. -- Juliet Webster * Times Higher Education * Baldwins work is fascinatingThe Great Convergence is set to become a canonical text within the field. * The Bookbag * If the corrosive events of the [presidential election] in America are anything to go by, economist Richard Baldwin is absolutely, stunningly (yet unfortunately) correct. That said, this book does endeavor to change the way we think about globalizationrather than the future of humanity. -- David Marx * David Marx Book Reviews * The Great Convergence is important and accessible in equal measure, with a balance between examples presented as stories and analytics set out with clarity and verve. -- Paul Collier, University of Oxford This important book should change the way we think about globalization. There have been two big globalization booms over the past two centuries. The first caused divergence between rich and poor nations while the second, since the 1970s, has caused convergence. With elegance, economist Richard Baldwin tells us why. -- Jeffrey G. Williamson, Harvard University In this deft treatise, economist Richard Baldwin argues that we are seeing a third wave [of economic globalization]The first two waves of globalization were boons for all. The third, Baldwin ar

Richard Baldwin is Professor of International Economics at the Graduate Institute, Geneva, and President of the Centre for Economic Policy Research (CEPR), London.