Cross-border technological diffusion has contributed to rising domestic productivity levels in advanced and emerging economies and facilitated a partial reshaping of the global innovation landscape.
Evidence suggests that it is technological change, not trade with lower-wage countries, that has driven the widening gap. Within developing countries, inequality has increased even as income has grown ...
Globalization is the integration of economic activity across borders. Other forms of integration—above all, the spread of people and ideas—accompany it. Three interacting forces—technology, ...
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The pros and cons of globalizationIn general, globalization "expands business operations worldwide and is facilitated by communications, technological advancements, and socioeconomic, political, and environmental developments ...
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