During this broad ranging exposition of a few of the financial theories of technological swap, Stanislaw Gomulka relates them to charges of progress skilled via diversified economies in either the fast and the lengthy term.
research of nations as diversified as Japan, the Soviet Union and the uk demonstrates that there's an interdependence among technological swap and the institutional and cultural features of alternative nations, that can have a profound impact on their charges of growth.
the entire significant, correct versions are mentioned, together with these of Kuznets and Phelps, yet through the emphasis is at the construction of a unified theoretical framework to assist clarify the influence of technological growth on either a micro and a macro scale.
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