The Great Divergence - Globalization and Multinational Corporations - Outline Example

The three papers above relate to the main topic in several ways. First, the papers describe not only the emergence of the concept of The Great Divergence but also the technological, infrastructural, and logistic connotations of the same. In the first paper, for instance, the author looks deep into the key features that characterized both the Industrial Revolution and the Great Divergence. The author considers the divergence that occurred in the 19th century. By constructing a trade/growth model.

The paper compares the trade styles, technology and industrial growth between the north and south regions in this era of divergence. The second paper on the other hand significantly presents a multi-country theory of economic growth. This growth is related to how different countries are connected in terms of trade and exchanges. Since the stated growth is directly related to the human practice and knowledge accumulation, the paper revisits The Great divergence in relation to how specific countries connect to the rest of the world and how these networks contributed to the phenomenon.

The third paper is rather specific, focusing on the issue of transportation cost as a factor that affected the Great Divergence. The paper focuses directly on the effects of transportation cost in different trade sectors. In an inquiry fashion, the paper specifically addresses how the reduction in transportation costs of industrial goods. The paper recognizes that such a reduction is related to an enhanced convergence of economic growth rates. The papers relate directly to the issues affecting economic growth in many countries in the world.

Currently, economic growth is directly related to trade and the costs of movement. In addition, these costs and trade depend on the connections and the networks that exist between the specific country and the rest of the world. Globalization and multinational corporations are a direct expression of this network. Since this is a current issue in business, the papers, therefore, bring out an interesting relationship between The Great Divergence and the current status of economy and globalization.

My motivation for choosing the papers is, therefore, their direct relationship to the issues of globalization and the effects of multinational corporations.