98 research outputs found
State Capacity and the Quality of Policies: Revisiting the Relationship between Openness and the Size of Government
Catching-up in the global factory: analysis and policy implications
MNEs shape the location of activities in the world economy, linking diverse regions in what has been called the global factory. This study portrays the evolution of incomes and employment in the global factory using a quantitative input–output approach. We find emerging economies forging ahead relative to advanced economies in income derived from fabrication activities, handling the physical transformation process of goods. In contrast, convergence in income derived from knowledge-intensive activities carried out in pre- and post-fabrication stages is much slower. We discuss possible barriers to catching-up and policy implications for emerging economies in developing innovation capabilities, stressing the pivotal role of MNEs
The Grip of History and the Scope for Novelty: Some Results and Open Questions on Path Dependence in Economic Processes
- …