Arbeitspapier

In the New Economy Era, are the World Economies Adequately Using Knowledge to Compete Externally?

The article shows that the world economies are relying less on knowledge to compete in external markets in the last decade compared to the 1990s. The article shows that only four countries contribute a staggering 65% to the world growth and more than 180 countries contribute 36%, which is roughly equal to the Chinese contribution. The article attributes this unbalanced contribution to world growth to the fact that the world economy is not sufficiently and effectively spending on R&D, which is key to sustainable economic growth and creating decent jobs.

Language
Englisch

Classification
Wirtschaft
Macroeconomic Analyses of Economic Development
Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy
Management of Technological Innovation and R&D
Subject
R&D
Knowledge
World Growth
China

Event
Geistige Schöpfung
(who)
Abou Hamia, Mohamad A.
Event
Veröffentlichung
(who)
ZBW - Leibniz Information Centre for Economics
(where)
Kiel, Hamburg
(when)
2021

Handle
Last update
10.03.2025, 11:46 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Abou Hamia, Mohamad A.
  • ZBW - Leibniz Information Centre for Economics

Time of origin

  • 2021

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