ebook9783319760933d4325

Description

National economies are linked through flows of capital and goods. This book addresses those linkages, analyzes their benefits for economic development, and evaluates a country‚Äôs opportunities to reap the best possible rewards by influencing the linkages. The book focuses on the role of product characteristics in international economics and their impact on economic development.¬†After an introduction to the topic, it analyzes¬†the influence of product sophistication on growth, and offers alternative means of measuring product characteristics.¬†In turn, the book provides evidence for the impact of foreign equity on the characteristics of the products that firms produce.¬†Moreover, it presents empirical findings that prove that the quality of a country’s legal and institutional framework is influenced by said¬†country‚Äôs predisposition to trade rule-of-law-intensive goods.