The world economy in 2010 and the revolution of services

Carlos Alberto Primo Braga ()

Brazilian Journal of Political Economy, 1989, vol. 9, issue 2, 245-258

Abstract: This paper analyses the impacts of ongoing technological innovations (particularly,in microelectronics) on the future of the world economy. The author argues thatservice-intensive activities will become increasingly important, and the world economy willreach “network characteristics “, with a much higher degree of interdependence than ever.The technical feasibility of worldwide integration, however, will not necessarily translateitself into economic integration given the resistance of nationalist and protectionist forces.And the disarray of the international financial system will tend to foster these forces. Againstthis background, the options for Brazil vis-à-vis the worldwide integration process are alsodiscussed. JEL Classification: F02; L80.

Keywords: Structural change; services sector; integration (search for similar items in EconPapers)
Date: 1989
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