John Cornwall built his analysis of Modern Capitalism on a combination of two strands of thought; the Schumpeter-Svennilson view of capitalist development as a process of qualitative change driven by innovation and diffusion of technology, and the Kaldorian idea of static and dynamic economies...

This paper presents an overview and assessment of the theoretical and empirical work on catch-up and growth, with particular emphasis on the impact of technology, and the consequences for developing countries. The point of departure is the neoclassical theory of economic growth, as laid out by...

Digital Information Systems (DIS) - electronic systems that integrate software and hardware to enable communication and collaborative work - are increasingly used to manage global production networks (GPN). There is a widespread belief that these developments create new opportunities for...

The relationship between the economic structure of a country and its productivity growth has received a lot of attention in recent decades. For instance, several theoretical models in this area now suggest that countries that specialize in technologically progressive industries will enjoy high...

The history of capitalism from the industrial revolution onwards is one of increasing differences in productivity and living conditions across different parts of the globe. According to historian David Landes, for instance, 250 years ago the difference in income per head between the richest and...

This paper discusses the role of knowledge, technology and innovation in economic growth within the context of the “Green roads to growth” project. It summarizes the current state of the art in this area, illustrates this with selected graphs and tables based on published statistics and...

Why do some countries grow much faster, and have much better trade performance, than other countries? What are the crucial factors behind such differences, and what can governments do in order to improve the relative position of their economies? This paper outlines a synthetic framework, based...

This paper addresses one of the oldest and most controversial issues in economics: Why do some countries succeed in catching up, while others fall behind? In recent years the quality and availability of data on different aspects of development have improved a lot. Attempting to exploit this...