In "The Great Convergence," Richard Baldwin masterfully charts the seismic shifts in global economic landscapes from the dawn of the Industrial Revolution to the present digital age. Through a meticulously researched narrative, Baldwin unfolds the story of how, after centuries of dominance by the world's wealthiest nations, a dramatic reversal has begun. This change, dubbed as the Great Convergence, sees the once vast gulf in income between rich and developing nations narrowing at an unprecedented pace, challenging the status quo of global wealth distribution. Baldwin attributes this epochal shift to the advent of new globalization, propelled by the rapid advancement of information technology. Unlike the steam-powered globalization of the 19th century, today's globalization is marked by the instantaneity with which ideas, and consequently, industrial practices, can traverse borders. This has enabled a novel form of industrial dispersion, allowing developing nations to merge low-wage labor with high-tech processes, leading to a reconfiguration of the global economic order. As Baldwin deftly illustrates, this new era of globalization brings with it a host of policy dilemmas, demanding innovative approaches to sustain growth and social cohesion amidst the whirlwind of change. "The Great Convergence" is not merely an account of economic shifts; it is a clarion call to understand the profound transformations shaping our world today.