Fachbereich 5, Wirtschaftswissenschaften, Volkswirtschaftslehre, Internationale Wachstums- und Konjunkturtheorie, University of Paderborn, Paderborn, Germany
In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic catching-up, respectively. Theoretical analysis suggests key ingredients of sustained growth, but there is also a new concept of a long-term equilibrium income gap in which convergence is rather unlikely. The analysis also picks up European and US labor market issues in the context of economic globalization and raises the question of which EU policies in the field of labor market reform and of innovation policies are adequate.
Reviews
"All in all the book 'Globalization, Economic Growth and Innovation Dynamics' gives an excellent overview about the problems which countries - not only in Europe - have to face in a more and more globalized world." Dr. Indira Gurbaxani, Comptes Rendus
Authors and Affiliations
European Institute for International Economic Relations, University of Potsdam, Potsdam, Germany
Paul J. J. Welfens
Department of Economics, College of Business Administration, University of South Carolina, Columbia, USA
John T. Addison
Institute of Development Strategies (SPEA), Indiana University, Bloomington, USA
David B. Audretsch
Fachbereich 5, Wirtschaftswissenschaften, Volkswirtschaftslehre, Internationale Wachstums- und Konjunkturtheorie, University of Paderborn, Paderborn, Germany
Thomas Gries
Fraunhofer Institute for Systems and Innovation Research (ISI), Karlsruhe, Germany
Hariolf Grupp
Bibliographic Information
Book Title: Globalization, Economic Growth and Innovation Dynamics
Authors: Paul J. J. Welfens, John T. Addison, David B. Audretsch, Thomas Gries, Hariolf Grupp
