Ilseop Lim

“By relaxing the constraints that had underpinned the vast imbalances in the global distribution of knowledge, the ICT revolution unleashed a historic transformation that might be called the Great Convergence.”
― Richard Baldwin, The Great Convergence: Information Technology and the New Globalization

“Bryan was now paid by Merrick to stand on a platform of another kind, erected over the water, and speak not of the gold standard but of the Gold Coast.”
― Barry Eichengreen, Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History

“The received wisdom is that risk increases in the recession and falls in booms. In contrast, it may be more helpful to think of risk as increasing during upswings, as financial imbalances build up, and materializing in recessions.”
― Andrew Crockett

“The Uruguay Round lasted from 1986 to 1994. As Figure 22 shows, the really original element in this phase was the rapid tariff cutting by poor nations. It is important to note, however, that this developing-nation liberalization had nothing to do with the GATT since the “don’t obey, don’t object” principle was still in operation. Instead, these reductions were the beginning of a revolution in developing-nation attitudes that are really part of Phase Four and the effort by poor nations to attract offshore factories and jobs (as will be discussed in Chapter 3).”
― Richard Baldwin, The Great Convergence: Information Technology and the New Globalization