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| Book Detail |
| Home » Browse Books » BUSINESS, MANAGEMENT & ECONOMICS »
THE NEXT CONVERGENCE |
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THE NEXT CONVERGENCE |
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| Author Name: |
MICHAEL SPENCE |
| Publisher Name: |
RANDOM HOUSE |
| ISBN: |
9788184001884 |
| Edition: |
PAPERBACK |
| Language: |
ENGLISH |
| Pages: |
312 |
| Publication Date: |
JULY 18TH 2011 |
| Price: |
 499.00 |
| List Price: |
362.00 |
| You Save: |
137 |
| Availablity: |
Yes |
| Shipping Time: |
4 - 5 DAYS |
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| About Book |
With the Industrial Revolution, part of the world’s population (Europe, America, and
Japan) started to experience extraordinary economic growth, yet four-fifths of humanity remained
mired in poverty. Till the Second World War the world remained a profoundly unequal place. Then
the pendulum began to swing the other way. Some countries, mainly in Asia, started growing at
unprecedented rates at about 7 percent a year. More recently, the two most populous countries in the
world—China and India—have begun to grow at rates close to 10 percent. This convergence between
the developing and developed worlds—a revolution just as profound as the Industrial Revolution—is
reshaping the world today, argues Nobel Prize-winning economist Michael Spence.
Spence looks at what caused this dramatic shift, the implications of this new convergence, and
the challenges these growing economies face. He argues that maintaining the high growth rates in
developing countries presents serious difficulties for them in governance, international coordination,
and ecological sustainability. The implications for those living in the advanced countries are also
great but little understood. The Next Convergence is big picture economics at its finest—a lucid,
deeply intelligent analysis of the global economy and a riveting introduction to the most critical
debates today |
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