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The DYNAMICS OF TECHNOLOGY, TRADE AND GROWTH (Hardcover)
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The DYNAMICS OF TECHNOLOGY, TRADE AND GROWTH (Hardcover)
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The rapid development of a series of technologically advanced,
industrial economies in the post-war period has challenged
conventional understandings of economic growth. The emergence of
these economies has reinvigorated the long-standing debate about
why some countries grow quickly, and reach high levels of
productivity, while others fall behind. Until the emergence of the
new growth theory, few neoclassical economists focused upon this
important issue despite the existence of a rich tradition among
economic historians and economists from more heterodox traditions.
The Dynamics of Technology, Trade and Growth draws upon
contributions of scholars from different theoretical backgrounds to
discuss why economies succeed, or fail, in creating the
infrastructure, finance and technology to develop rapidly and
'catch-up' with others. After an overview by the editors of
theoretical and practical developments in the economics of
convergence and divergence, the book features chapters which
discuss the origins of the post-war catch-up and convergence boom,
convergence in trade and sectoral growth, capital accumulation,
investment and resource allocation, specialization, technological
change, and the potential contribution of information and
communication technologies. The distinguished contributors bring
together in one volume a breadth of scholarship on economic growth,
convergence and divergence, ensuring that this book will be widely
read by economists interested in growth, technical change and
economic development.
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