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Books > Business & Economics > Economics > International economics > International trade
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The Impact of International Trade and FDI on Economic Growth and Technological Change (Paperback, 2013 ed.)
Loot Price: R4,449
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The Impact of International Trade and FDI on Economic Growth and Technological Change (Paperback, 2013 ed.)
Series: Contributions to Economics
Expected to ship within 10 - 15 working days
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Economic globalisation and technological change are the two issues
that concerned people in the past, concern them today and will
concern them in the future - all over the world, poor or rich.
Traditionally, questions about allocative effects are asked: What
are the labour market implications? Who loses? Who wins? What is
the net aggregate welfare effect after an adjustment period?
However, two points are rarely taken into consideration: How do
globalisation and technological change interact and what are the
potential long-run implications for economic growth? This book
addresses the interplay of these megatrends. It asks how economic
globalisation may affect innovation and technology of individual
firms and eventually the growth prospects of countries. Thereby it
shows that protectionism not only harms static efficiency but might
as well lead to dynamic losses. The book provides a systematic
overview of the theoretical underpinnings of the openness-growth
nexus and summarises the conceptual problems and important findings
of the empirical analyses so far. The theoretical insights are
supported by two empirical studies, the first dealing with the
innovative behaviour and the "within-multinational" technology
transfer of Spanish firms that were acquired by foreign companies
and the second analysing productivity growth rate implications from
exporting for German manufacturing firms.
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