In this exploratory note, development of the global electronics industry is viewed by accounting for cross-border co-evolution under policy interactions. A sketch is made from novel angles of the world distribution of major firms in the production and utilization of information technology, the...

This paper outlines the conditions under which trade is beneficial for a developing country's growth. A developing country suffers from two disadvantages: low income and a comparative disadvantage in the production of modern manufactured goods - goods which allow a high rate of human capital...

In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the...

It is known that in a two-country, two-good world, the Nash equilibrium of a 'tariff war' of Harry Johnson (1953-4) tends to fail Pareto Optimality. With a demonstration by example, this note shows that it is possible that the attempt for trade liberalization through the removal of tariffs may...

Microelectronics is a special type of General Purpose Technology (GPT), bringing disruptive innovations, not in one shot, but by successive waves for 40 years. Rational innovators maximize present value, over product cycles, before the anticipated obsolescence under Moore's Law.Among the...