"Trade is measured on a gross sales basis while GDP is measured on a net sales basis, i.e. value added. The rapid internationalisation of production in the last two decades has meant that gross trade flows are increasingly unrepresentative of the value added flows. This fact has important...

Introduction -- PartI: Economic Growth in a Knowledge - Based Economy -- Part II: Globalisation, Competitiveness and Growth -- Part III: The Role of Public Policies in Fostering Innovation, Competitiveness and Growth