During this huge ranging exposition of many of the monetary theories of technological swap, Stanislaw Gomulka relates them to charges of progress skilled by way of varied economies in either the quick 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 international locations, which could have a profound impact on their premiums of growth.
the entire significant, appropriate versions are mentioned, together with these of Kuznets and Phelps, yet through the emphasis is at the production of a unified theoretical framework to aid clarify the influence of technological development on either a micro and a macro scale.
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