The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...

This paper gives a selective survey of different economic theories in order to discuss the role which IT plays for globalisation and how globalisation and technological progress in the IT-sector influences structural change, economic growth and national competitiveness. The decline in trade...