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| Author: | Krugman, P. |
| Title: | Does third world growth hurt first world prosperity? |
| Journal: | Harvard Business Review
1994 : JUL-AUG, VOL. 72:4, p. 113-121 |
| Index terms: | GROWTH THIRD WORLD ECONOMICS |
| Language: | eng |
| Abstract: | Contrary to popular opinion, the economic development of the third world does not threaten the first world. Only a short while ago, our most influential business writers were warning that the biggest threat to U.S. prosperity was competition from other developed countries. The world economy is a system - a complex web of feedback relationships - not a simple chain of one-way effects. Productivity gains in one part of the world may either help or hurt the rest of the world. |
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