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Globalization, Economic Growth and Innovation Dynamics

Name: Globalization, Economic Growth and Innovation Dynamics
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 01653512
Price: 108.76 EUR
Availability: InStock
Author: Paul J.J. Welfens
ISBN: 9783642085154

Language

English

Book Paperback

Libristo code: 01653512

Publishers Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, December 2010

In the new global economy, more countries have opened up to international competition and rapid capi... Full description

Libristo code: 01653512

263 b

108.76 €

212.72 лв

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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.