One Ring to Rule Them All? Globalization of Knowledge and Knowledge Creation
AbstractThis paper directs attention at the globalization of knowledge and knowledge creation as the fundamental global driver of economic outcomes in today's information economy. It documents the globalization of knowledge and spread of scientific research from advanced to developing countries and argues that these developments undermine trade models in which advanced countries invariably have comparative advantage in high tech goods and services; determine the immigration of skilled workers; boosts labor standards; and influences incomes and inequality within and across countries. To the extent that knowledge is the key component in productivity and growth, its spread and creation is the one ring of globalization that rules the more widely studied patterns of trade, capital flows and immigration, per my title.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 19301.
Date of creation: Aug 2013
Date of revision:
Publication status: Forthcoming: Nordic Economic Policy Review: Globalization, Labour Market Institutions and Wage Structure, 6th Issue, 2013
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Find related papers by JEL classification:
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- F66 - International Economics - - Economic Impacts of Globalization - - - Labor
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
- J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-24 (All new papers)
- NEP-CSE-2013-09-24 (Economics of Strategic Management)
- NEP-INT-2013-09-24 (International Trade)
- NEP-KNM-2013-09-24 (Knowledge Management & Knowledge Economy)
- NEP-MIG-2013-09-24 (Economics of Human Migration)
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