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Globalization and technology absorption : role of trade, FDI, and cross-border knowledge flows (Russo)

Improving the ability of Europe and Central Asia (ECA) countries to tap into the global technology pool is an important mechanism for accelerating their industrial development, worker productivity and economic growth. Trade flows, foreign direct investment (FDI), research and development (R&D), and labor mobility and training, are widely accepted as key mechanisms for knowledge absorption. Absorption requires tough decisions and large investments...
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