Economics, Econometrics and Finance
8 years ago

Global R&D competition boosts trade and growth, reshaping global economy.

SSRN Electronic Journal
How the Globalization of R&D Competition Affects Trade and Growth
Gwang‐Hoon Lee

Paper Summary

Global R&D competition affects trade and growth. When countries compete for R&D talent, winners export technology and goods, while losers export manufactured goods. This competition leads to increased economic growth globally.

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