Globalization, Economic Growth and Innovation Dynamics
Autor
Paul J J Welfens
, Thomas Gries
, Hariolf Grupp
, John Addison
, David B Audretsch
This text argues that the process of globalization is asymmetric. Although the growing role of multinationals suggests favourable prospects for higher global growth and economic catching-up, there is also a new concept of a long-term equilibrium income gap in which convergence seems unlikely.