Technology and Growth: Between Regionalization and Globalization

Pascal Petit ()

Chapter 9 in What Global Economic Crisis?, 2001, pp 178-202 from Palgrave Macmillan

Abstract: Abstract The process of internationalization, by changing regulations and practices, is eroding the institutional fabric, which has determined past national growth patterns. Because this process takes place within a whole set of partner countries, it might be thought that all development paths would be affected in the same way. It might be further considered that growth rates are now, as a consequence, converging towards a similar pattern, best described by a single model of a new more open economic environment. However, this view rules out any alternative approach to modelling the effect of globalization and is thus greatly oversimplified and prevents the formulation of alternative realistic policy targets. We may identify two major shortcomings of this monocausal approach.

Keywords: Foreign Direct Investment; Technology Transfer; Trade Flow; Productivity Gain; Growth Regime (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-99274-6_9

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DOI: 10.1057/9780333992746_9

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