Abstract
The 1970s and the 1980s have witnessed considerable shifts with respect to growth, innovativeness and trade in core regions of the world economy. The international network of flows in technology, goods and financial assets has been disrupted by high real and monetary dynamics. With high adjustment pressure and low adjustment capacity in core regions of the global economy, regional imbalances in trade and income growth as well as in the mix and time structure of financing have emerged.
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© 1989 H. W. Singer and Soumitra Sharma
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Welfens, P.J.J. (1989). Innovation, Trade, External Debt and Growth in the World Economy. In: Singer, H.W., Sharma, S. (eds) Economic Development and World Debt. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20044-3_9
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DOI: https://doi.org/10.1007/978-1-349-20044-3_9
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