Abstract
The patterns of international trade between developed and less developed countries are rapidly changing. Especially in high-tech industries, industrial countries are facing intensified competition from abroad, in particular from newly industrializing countries of South-East Asia. The production and export of modern consumer electronics, data processing equipment and sophisticated textiles are no longer an exclusive domain of rich and research-intensive countries (Figure 1).
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Klodt, H. (1992). Technology-Based Trade and Multinationals’ Investment in Europe: Structural Change and Competition in Schumpeterian Goods. In: Klein, M.W., Welfens, P.J.J. (eds) Multinationals in the New Europe and Global Trade. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-76991-7_8
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DOI: https://doi.org/10.1007/978-3-642-76991-7_8
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