Finance and the technology-trade nexus |
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| Authors: | John de la Mothe Gilles Paquet[Author vitae] |
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| Affiliation: | Program of Research in International Management and Economy, Faculty of Administration, University of Ottawa, Canada |
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| Abstract: | This paper sketches the contours of the evolving international/monetary system and examines the various roles of the intemediation mechanisms. Then it examines the extent to which the financial system is independent from the “real economy” and the various ways in which it impacts it. The paper discusses some views in good currency on the dynamics of the technology-trade-finance nexus and shows how the financial system influences organization, location and technology choices in meso-innovation systems. The final section of the paper looks at the policy implications that might be derived from the analysis and suggests some directions for the future research. |
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