Globalization, Economic Growth And Innovation Dynamics

This text argues that the process of globalization is asymmetric. Although the growing role of multinationals suggests favourable prospects for higher global gr... » 

This text argues that the process of globalization is asymmetric. Although the growing role of multinationals suggests favourable prospects for higher global growth and economic catching-up, there is also a new concept of a long-term equilibrium income gap in which convergence seems unlikely. «