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Since then, that share has plummeted to where it was in 1900. As the renowned economist Richard Baldwin reveals, this reversal of fortune reflects a new age of globalization that is drastically different from the old. The nature of globalization has changed, but our thinking about it has not.  Baldwin argues that the New Globalization is driven by knowledge crossing borders, not just goods. That is why its impact is more sudden, more individual, more unpredictable, and more uncontrollable than before—which presents developed nations with unprecedented challenges as they struggle to maintain reliable growth and social cohesion. It is the driving force behind what Baldwin calls “The Great Convergence,” as Asian economies catch up with the West.  “In this brilliant book, Baldwin has succeeded in saying something both new and true about globalization.” —Martin Wolf, Financial Times  “A very powerful description of the newest phase of globalization.” —Larry Summers, former U.S. Secretary of the Treasury  “An essential book for understanding how modern trade works via global supply chains. 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New material in this edition includes coverage of economic integration, labour markets and migration; EU competition and state aid policy; and EU trade policy.Designed for students taking modules in European economics, the book offers a rigorous yet clear exposition of economic arguments alongside examples, illustrations, and questions that bring this contemporary topic to life.Key Features include:   New to this edition is a fully revised and expanded Part on EU Policies, including new chapters dedicated to Regional Policy, EU competition and state aid policy, and EU trade policy.Focus on the economic analysis of integration: The core of the book explores the topics of trade integration and the macroeconomics of European integration in full.  The up-to-date economic coverage is ideal for students taking economics modules that do not require extensive analysis of social and policy issues.  Further appendices of economic theory are also provided as appropriate.Learning features: The book provides a clear and consistent structure to aid student learning. Each chapter features boxed examples and illustrations, end of chapter summaries, self-assessment questions, essay questions, and lists of useful websites, further reading and references.  Updates online: Integration initiatives continue to progress at a tremendous pace.  Reflecting the need for currency and relevance in this fast-moving field, a range of online essays and articles on new developments and challenges will be posted on the Online Learning Centre at: www.mcgraw-hill.co.uk\/textbooks\/baldwinandwyplosz","brand":"WoB","offers":[{"title":"GB \/ LIKE_NEW \/ INTERNAL","offer_id":49591135994129,"sku":"GOR013464595","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":49629634199825,"sku":"GOR004635376","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0077111192.jpg?v=1751069622"},{"product_id":"economics-of-european-integration-book-richard-baldwin-9780077103941","title":"The Economics of European Integration","description":"The \"Economics of European Integration\" offers the student of European Union economics an authoritative textbook on trade and monetary integration within the EU, suitable for undergraduate level. The prestigious author paring offers expert, cutting-edge analysis of the contemporary status of EU integration, combined with a solid introduction to historical and institutional contexts and the European economic environment. 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The authors combine essential elements of European history, institutions, law, politics and policies with clear and accessible explanations of the economic principles of European integration. The result is an expert analysis of the contemporary status of integration within the European Union.Designed for students taking modules in European economics, the book offers a rigorous exposition of economic arguments alongside examples, illustrations, and questions that bring the contemporary topic to life. The up-to-date economics coverage is also ideal for students taking economics modules that do not require extensive analysis of social and policy issues. Key topics explored in the new edition    Updated and expanded Lisbon Treaty coverage Credit crisis and EU response, especially banking regulation The impact of the 'great recession' Developments related to EU enlargement to the East The problem of the Greek public debt  Future of the Stability and Growth Pact","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49605189665041,"sku":"GOR005709746","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":51397907611921,"sku":"GOR005750572","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":52628397785361,"sku":"GOR005845478","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/007713172X.jpg?v=1751194605"},{"product_id":"economics-of-european-integration-7e-book-richard-baldwin-9781526849434","title":"The Economics of European Integration 7e","description":"The seventh edition of The Economics of European Integration provides students with an accessible presentation of the facts, theories and controversies that are driving rapid change at the heart of Europe. This new edition covers crucial updates on the impact of Brexit and Covid-19 and offers an expert analysis of the contemporary status of integration within the European Union.   Key Features and Updates •Wide range of learning features including boxed examples and illustrations, end of chapter summaries, self-assessment questions and essay questions.   •Fully updated to include new discussions and examples such as the new budget which has significant implications on European bonds, immigration, and climate change.   •Two new chapters highlighting the impact of both Brexit and Covid-19 on the EU.   •An Online Learning Centre with Lecture Outlines, PowerPoint Presentations, and an Image Library.   Richard Baldwin is Professor of International Economics at the Graduate Institute, Geneva, having been a visiting professor at Oxford and MIT. He is Editor-in-Chief and founder of VoxEU.org since 2007 and he advises governments around the world on globalisation and integration issues having served in the Bush (Sr) White House in 1990-91.  Charles Wyplosz is Professor Emeritus of International Economics at the Graduate Institute in Geneva where he also served as Director of the International Centre for Money and Banking Studies. 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Computing power is dissolving humans' monopoly on thinking, enabling AI-trained computers to compete for many of the same white-collar jobs. The combination of globalization and robotics is creating the globotics upheaval, and it threatens the very foundations of the liberal welfare-state.Richard Baldwin, one of the world's leading globalization experts, argues that the inhuman speed of this transformation threatens to overwhelm our capacity to adapt. From computers in the office to automatic ordering systems in restaurants, we are familiar with the how digital technologies offer convenience while also eliminating jobs. Globotics will disrupt the lives of millions of white-collar workers much faster than automation, industrialization, and globalization disrupted the lives of factory workers in previous centuries. The result will be a backlash. Professional, white-collar, and service workers will agitate for a slowing of the unprecedented pace of disruption, as factory workers have done in years past. Baldwin argues that the globotics upheaval will be countered in the short run by \"shelter-ism\" - government policies that shelter some service jobs from tele-migrants and thinking computers. In the long run, people will work in more human jobs - activities that require real people to use the uniquely human ability of independent thought - and this will strengthen bonds in local communities. 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