Changes in Technological and Trade Specialisation Among Open Economies

A Comparison Between Europe, the United States and Japan
  • Gunnar Muent
  • Hariolf Grupp
Conference paper
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)

Abstract

Trade and technological change are driving forces behind economic growth. Since the end of the Second World War we have witnessed a tremendous expansion, first, of trade in goods and services, then, some decades later, of Foreign Direct Investment (FDI). World-wide liberalisation of exports and regional integration of markets were followed by surges in flows of ex- and imports as well as capital and — to some extent — labour; the increase of these flows by far outnumbered growth rates of domestic production in almost all industrialised countries.1

Keywords

Europe Income Coherence Triad OECD 

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Copyright information

© Springer-Verlag Berlin Heidelberg 1996

Authors and Affiliations

  • Gunnar Muent
    • 1
  • Hariolf Grupp
    • 1
  1. 1.Fraunhofer Institut fuerSystemtechnik und InnovationsforschungKarlsruheGermany

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