The Great Convergence: Globalisation's Evolution

This lecture by the instructor delves into the evolution of globalisation, focusing on the concept of the Great Convergence. It explores the impact of the 3 Cascading Constraints Narrative on global trade, the transformation of comparative advantage, and the changing dynamics of international commerce. The lecture also discusses the implications of the Great Divergence and the Great Convergence phases, shedding light on the intricate relationship between trade, knowhow, and economic growth.