National economies are linked through flows of capital and goods.
This book addresses those linkages, analyzes their benefits for
economic development, and evaluates a country's opportunities to
reap the best possible rewards by influencing the linkages. The
book focuses on the role of product characteristics in
international economics and their impact on economic development.
After an introduction to the topic, it analyzes the influence of
product sophistication on growth, and offers alternative means of
measuring product characteristics. In turn, the book provides
evidence for the impact of foreign equity on the characteristics of
the products that firms produce. Moreover, it presents empirical
findings that prove that the quality of a country's legal and
institutional framework is influenced by said country's
predisposition to trade rule-of-law-intensive goods.
General
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