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Author : Richard Baldwin
Publisher : Harvard University Press
Total Pages : 330

From 1820 to 1990 the share of world income going to today s wealthy nations soared from 20% to 70%. That share has recently plummeted. Richard Baldwin shows how the combination of high tech with low wages propelled industrialization in developing nations, deindustrialization in developed nations, and a commodity supercycle that is petering out."

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