In the New Economy Era, are the World Economies Adequately Using Knowledge to Compete Externally?

Mohamad A. Abou Hamia

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: The article shows that the world economies are relying less on knowledge to compete in external markets in the last decade compared to the 1990s. The article shows that only four countries contribute a staggering 65% to the world growth and more than 180 countries contribute 36%, which is roughly equal to the Chinese contribution. The article attributes this unbalanced contribution to world growth to the fact that the world economy is not sufficiently and effectively spending on R&D, which is key to sustainable economic growth and creating decent jobs.

Keywords: R&D; Knowledge; World Growth; China (search for similar items in EconPapers)
JEL-codes: O11 O24 O32 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-knm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/231362/3/K ... -competitiveness.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:231362

Access Statistics for this paper

More papers in EconStor Preprints from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().