In a long-term perspective, world trade expands much faster for high-technology manufactures than for goods with low technological content. Compared with other advanced industrialized countries, Austria exhibits a substantial "technological gap" in its foreign trade: 1. The share of...

Compared with other industrialized countries, Austria exhibits a substantial "technology gap" in foreign trade that is revealed in a low share of high-technology products in manufacturing exports and in low unit values. The resulting deficit in foreign trade with high-technology products totaled...