innovation. In economic terms what is new is a new product. The new IT product brought about by the new technology means two … of productivity, to a larger production potential and to a higher growth rate. The new economy has implications for …

economics profession. Countries compete for the mobile factors of production, most importantly for capital and technology. The … institutional equilibrium in the world economy can be expected or whether many national equilibriums can coexist. …

economics profession. Countries compete for the mobile factors of production, most importantly for capital and technology. The … institutional equilibrium in the world economy can be expected or whether many national equilibriums can coexist …