The balance of the world economy is shifting away from the
established economies of Europe, Japan, and the USA, towards the
emerging economies of Asia, especially India and China. With
contributions from some of the world's leading growth theorists,
this book analyses the long-term process of structural change and
productivity growth across the world from a unique comparative
perspective. Ongoing research from the World KLEMS Initiative is
used to comparatively study new sources of growth - including the
role of investment in intangible assets, human capital, technology
catch-up, and trade in global value chains. This book provides
comparisons of industries and economies that are key to analysing
the impacts of international trade and investment. This makes it an
ideal read for academics and students interested in understanding
current patterns of economic growth. It will also be of value to
professionals with an interest in the drivers of economic growth
and crisis.
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