Dynamics of Technology, Trade and Growth

Overview

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 ...
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Overview

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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Product Details

  • ISBN-13: 9781852789220
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 1/1/1994
  • Pages: 231

Table of Contents

Foreword
List of Contributors
1 The Economics of Convergence and Divergence: An Overview 1
2 The Origins of the Postwar Catch-Up and Convergence Boom 21
3 Technology, Capital Accumulation, and Long-Run Growth 53
4 The Role of Convergence in Trade and Sectoral Growth 75
5 Investment and Resource Allocation as Sources of Long-Run Growth 99
6 Lock-In and Specialization (Dis)Advantages 123
7 Technological Change, Path Dependence and Growth: A Graph-Theoretic Approach 145
8 Catching-Up From Way Behind. A Third World Perspective on First World History 168
9 Technological Revolutions and Catching-Up: ICT and the NICs 198
Authors Index 222
Subject Index 226
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