..

Globalization, Skill Biased Technological Change and Slow Growth

Abstract

Agostini Marisa

The Kuznets approach on the strict complementarity of structural and technological changes, the new approach about the direction of technological change biassed towards the most intensive use of locally abundant production factors, the new approach about the direction of technological change. The analysis of the stylized facts and empirical evidence demonstrates that the twin globalisation of capital and product markets brought about by the entry of new nations into international markets had profound effects on advanced countries. As a result, skill-biased technological change was introduced, which led to the decline of the manufacturing industry's importance and the emergence of a powerful knowledge-intensive business service sector.

免责声明: 此摘要通过人工智能工具翻译,尚未经过审核或验证

分享此文章

索引于

相关链接

arrow_upward arrow_upward