Richard Baldwin of the Graduate Institute, Geneva, presents his new book, The Great Convergence: Information Technology and the New Globalization, at a launch event held by the Peterson Institute for International Economics on November 15, 2016. Sherman Robinson, new nonresident senior fellow at the Institute, provides commentary. Baldwin argues in The Great Convergence that revolutionary advances in information and communications technology (ICT) transformed globalization around 1990 in ways that few governments and companies have yet to fully understand. Better communication allowed rich-nation firms to move manufacturing to developing nations. But the key change was not the offshoring of factories—it was the offshoring of the ideas, intellectual property, and knowledge that went with the jobs. For more information, visit: piie.com/events/great-convergence-information-technology-and-new-globalization

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