Quote by Toshihiko Fukui

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

The increased global linkages promote economic growth in the

Summary

This quote emphasizes that as the world becomes more interconnected, it leads to economic growth due to two main factors. Firstly, the division of labor allows countries to specialize in producing specific goods or services, leading to increased efficiency and overall economic output. Secondly, the exchange of knowledge and ideas across borders helps countries gain access to new technologies, methods, and market opportunities, leading to innovation and further economic development. Ultimately, the increased global linkages drive economic growth by fostering collaborative relationships and the sharing of resources on a global scale.

Topics

Knowledge

By Toshihiko Fukui

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