Innovation, Trade, External Debt and Growth in the World Economy

Paul Welfens

Chapter 9 in Economic Development and World Debt, 1989, pp 87-106 from Palgrave Macmillan

Abstract: Abstract The 1970s and the 1980s have witnessed considerable shifts with respect to growth, innovativeness and trade in core regions of the world economy. The international network of flows in technology, goods and financial assets has been disrupted by high real and monetary dynamics. With high adjustment pressure and low adjustment capacity in core regions of the global economy, regional imbalances in trade and income growth as well as in the mix and time structure of financing have emerged.

Keywords: Real Exchange Rate; Real Interest Rate; External Debt; Current Account Deficit; Labour Productivity Growth (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-20044-3_9

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