Description
Book SynopsisThe rapid development of a series of technologically advanced, industrial economies in the post-war period has challenged conventional understandings of economic growth. The emergence of these economies has reinvigorated the long-standing debate about why some countries grow quickly, and reach high levels of productivity, while others fall behind.
Until the emergence of the new growth theory, few neoclassical economists focused upon this important issue despite the existence of a rich tradition among economic historians and economists from more heterodox traditions. The Dynamics of Technology, Trade and Growth draws upon contributions of scholars from different theoretical backgrounds to discuss why economies succeed, or fail, in creating the infrastructure, finance and technology to develop rapidly and 'catch-up' with others. After an overview by the editors of theoretical and practical developments in the economics of convergence and divergence, the book features chapters which discuss the origins of the post-war catch-up and convergence boom, convergence in trade and sectoral growth, capital accumulation, investment and resource allocation, specialization, technological change, and the potential contribution of information and communication technologies.
The distinguished contributors bring together in one volume a breadth of scholarship on economic growth, convergence and divergence, ensuring that this book will be widely read by economists interested in growth, technical change and economic development.
Trade Review'. . . engaging and stimulating group of essays. . . . this book is open and refreshing in the several ways it deals with our (still) substantial coefficient of ignorance. The theoretical contributions to this volume are equally compelling.' -- J.S. Metcalfe, Research Policy
'This is an important and timely book arising from a conference in Norway on the relationship between technology, trade and economic growth edited by economists who themselves have made significant contributions to the literature and who provide a useful 20 page introduction to the volume with an extensive bibliography.' -- A.P. Thirlwall, The Economic Journal
'Editors of this book, in their overview on The Economics of Convergence and Divergence have presented an excellent reiview by tracing back the major points of emphasis in different theoretical traditions. The book will definitely be useful for researchers in this area.' -- Pradosh Nath, Journal of Scientific and Industrial Research
