Globalization, Economic Growth and Innovation Dynamics /
In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic ca...
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| Other Authors: | , , , |
| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg :
Springer Berlin Heidelberg,
1999.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic catching-up, respectively. Theoretical analysis suggests key ingredients of sustained growth, but there is also a new concept of a long-term equilibrium income gap in which convergence is rather unlikely. The analysis also picks up European and US labor market issues in the context of economic globalization and raises the question of which EU policies in the field of labor market reform and of innovation policies are adequate. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (x, 198 pages) |
| ISBN: | 9783662038130 (electronic bk.) 3662038137 (electronic bk.) |