Trade and Prosperity: The Flow of Goods and People
Tony Fang
Last modified: 2012-02-27
Abstract
Lessons learned from the current global financial crisis (why some countries narrowly missed the disaster: Australia, Canada, China)
- Three stages of globalization: free flow of goods, free flow of capital (financial capital), and free flow of people (human capital)
- Relative advantages and complementarities between countries
- Complementarities between hard and soft innovations and human mobility