Behavioural Responses to a Changing World, Behavioural Responses to a Changing World

This Book Is About Industrial Development In The Years Of Globalization, Focussing Upon The Spreading Of Manufacturing Activities Beyond The Boundaries Of The Advanced Economies. This Event Has Completely Changed The Nature Of The Relationship Between The North And The South Of The World, Linking Them Together For The Very First Time On Productive Grounds Through The Development Of Global Value Chains. This Process Has Been Favoured By The Emerging Of A New Paradigm (what In The Book Is Called The Globalization Age - Ga) Grounded Upon Market Liberalization All Across The World, Giving Multilateral Trade (i.e. External Demand) A Key Role As The Main Driver Of Growth At The Global Level. Even If The Ga Has Represented The Fuel Of Growth Over The Last Decades, The Countries That Have Emerged The Most As New Manufacturers Found Their Way By Becoming Competitive Before Opening To The Market, Through A Constant Search For Dynamic Comparative Advantages Pursued Through Active, Selective And Conditional Investment Policies. The Ga Has Now Come To An End, Exhausting For Endogenous Reasons. Starting With The Great Financial Crisis That Hit The World At The End Of The First Decade Of The 2000s, A New Normal Has Emerged, The Basic Features Of Which Can Be Found In A Slowdown Of Manufacturing Growth Rates, And In The Comeback Of Distance As A Key Determinant Of Economic Behaviour. Such Changes Have Been Furtherly Enhanced By The Upsurge, In Later Years, Of Exogenous Shocks Such As The Pandemic And Russian-ukrainian War-- Provided By Publisher.