Between 1820 and 1990, the share of world income going to today's wealthy nations soared from twenty percent to almost seventy. Since then, that share has plummeted to where it was in 1900. As Richard Baldwin explains, this reversal of fortune reflects a new age of globalization that is...

This work is split up into four parts. These are 'Overviews', 'The Pacific as Linchpin of World Trade', 'Winners and Losers in the Global Silver Trade', and 'Birth of Globalization Debate: Ecological, Economic, Epidemiological, and Demographic Interactions'