Your SlideShare is downloading. ×
0
Technology and the rise and fall         of Nations  Y376 International Political Economy             April 4, 2012       ...
Summary Why do economies grow (or fail to grow)? Historical patterns Why do some countries innovate while others  do no...
Discuss “Computer chips, potato chips. What does it  matter? They’re all chips!” Does it matter which industries the US ...
Types of economic growth Smithian   Division of labor Solovian   Diminishing returns to capital   convergence Schump...
Discussion Why did Britain decline in the 20th century?  Why did the Soviet Union fail to catch the US?  Japan? Do the sa...
Soviet and US GDP per capita, 1946-               2006
Relative production of high-tech       goods, 1830-2007
Relative ownership of global foreign   investment assets, 1829-2007
Sussex school http://www.youtube.com/watch?v=-  AAyUN7wj9I Irruption  frenzy  crisis   http://www.youtube.com/watch?v...
Past technological revolutionsTechnology           Period   Leading country CrisisTextiles, pig iron   1771     Britain   ...
What kinds of things facilitate high              tech growth?   Property rights   Access to capital   Education (elite...
Some plausible drivers of growth don’t  hold up (researchers/1000 people,          OECD countries)
Competitiveness in Important           industries historically Synthetic dye   Aniline red   Copyright rules Automobil...
Global synthetic dye population,          1857-1914
Motor vehicle production, 1930-1990
ICT value-added, 1985-2007
Question What is the next “big thing”? Who will get there first?
Upcoming SlideShare
Loading in...5
×

Ipe18

299

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
299
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "Ipe18"

  1. 1. Technology and the rise and fall of Nations Y376 International Political Economy April 4, 2012 Michael Lee
  2. 2. Summary Why do economies grow (or fail to grow)? Historical patterns Why do some countries innovate while others do not? Why did America lead the Fordist revolution Why did America lead the ICT revolution? What is the next big thing?
  3. 3. Discuss “Computer chips, potato chips. What does it matter? They’re all chips!” Does it matter which industries the US is successful in?
  4. 4. Types of economic growth Smithian  Division of labor Solovian  Diminishing returns to capital  convergence Schumpeterian  Endogenous growth theory  Process vs. product  Geopolitical implications
  5. 5. Discussion Why did Britain decline in the 20th century? Why did the Soviet Union fail to catch the US? Japan? Do the same forces threaten American leadership?
  6. 6. Soviet and US GDP per capita, 1946- 2006
  7. 7. Relative production of high-tech goods, 1830-2007
  8. 8. Relative ownership of global foreign investment assets, 1829-2007
  9. 9. Sussex school http://www.youtube.com/watch?v=- AAyUN7wj9I Irruption  frenzy  crisis  http://www.youtube.com/watch?v=5L0IvI00AY4& feature=related  (21:00) Crisis  Synergy  maturity  http://www.youtube.com/watch?v=sICSyC9u5iI  http://www.youtube.com/watch?v=ONZFkqzuMjI
  10. 10. Past technological revolutionsTechnology Period Leading country CrisisTextiles, pig iron 1771 Britain Canal maniaSteam and 1829 Britain  USA Railway maniaRailroadsSteel, electricity 1875 Britain  Baring crisis ofand heavy USA/Germany 1890engineeringOil and mass 1908 USA Great DepressionproductionInformation and 1971 USA Dot com bust andtelecommunicati crisis of 2008ons
  11. 11. What kinds of things facilitate high tech growth? Property rights Access to capital Education (elite vs. median) Tax/subsidy policy Leading cities Catch-up vs. leadership Political cohesion
  12. 12. Some plausible drivers of growth don’t hold up (researchers/1000 people, OECD countries)
  13. 13. Competitiveness in Important industries historically Synthetic dye  Aniline red  Copyright rules Automobiles  Mass production  Engineering vs. pure research ICT  Venture capitalism  Hardware vs. software
  14. 14. Global synthetic dye population, 1857-1914
  15. 15. Motor vehicle production, 1930-1990
  16. 16. ICT value-added, 1985-2007
  17. 17. Question What is the next “big thing”? Who will get there first?
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×