After increasing rapidly for most of the post-war period, productivity growth slowed drastically in the US, and to a lesser extent in all the other major industrialized nations after 1973. The differences in productivity growth affect the relative performance of countries in the international...

This is the third of a sequence of papers on international flows of trade among fifteen Pacific Basin (PB) countries and between them and eleven regions in the Rest of the World (ROW). In Part I of the sequence (Hickman, Kuroda and Lau, 1977a) we presented and documented annual data on bilateral...