Changing role of BRIC countries in technology-driven international division of labor

In contemporary international division of labor the importance of ICT technologies and social capital is increasing, and allows the economy to be more competitive due to arising many connections to the global information networks. The major goal of this article was analyzing (mostly in descriptive manner) and comparing the recent trends in GDP growth and its composition and international trade of high-technology manufactures and services for developed and BRIC countries. The results of conducted statistical data analysis justify the conclusion that some developing economies, especially China and India, are in fact gaining on importance in international trade of high-tech products and knowledge-intensive business services, even having become more effective competitors to the post-industrial economies in so called creative industries. Such an outcome has been caused mostly by foreign direct investments flowed in during two last decades, but also was conditioned by social and educational policy leading to development of networked human capital.


Issue Date:
Jul 27 2010
Publication Type:
Journal Article
DOI and Other Identifiers:
10.22004/ag.econ.95975
ISSN 1804-1205 (Print) ISSN 1804-5006 (Online) (Other)
Record Identifier:
https://ageconsearch.umn.edu/record/95975
PURL Identifier:
http://purl.umn.edu/95975
Published in:
Business and Economic Horizons (BEH)
02
2
Page range:
89-97
Total Pages:
9
JEL Codes:
O33




 Record created 2017-04-01, last modified 2020-10-28

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