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United States Foreign Investment and the Technological Gap

In: North American and Western European Economic Policies

Author

Listed:
  • John H. Dunning

    (Universities of Reading
    Universities of Western Ontario)

Abstract

Much has been written, in recent years, about the technological gap between Europe and the United States, and its significance in influencing the rate and structure of economic growth of the two regions.1 The extent and character of the gap have been variously evaluated,2 but one index of technological usage now commanding increasing attention is the export competitiveness of Europe and the United States in technologically advanced products. Several studies have shown that there is a strong positive correlation between the level and share of world trade of particular manufactured products accounted for by the United States and their research and development content.3 But it has also been observed that such an advantage may more reflect the Americans’ comparative ability to innovate new products than their efficiency in manufacturing these products once innovated;4 and that where this is the case, over time, unless there are continuing dynamic scale economies in the innovating country, or a complete blockage in the transmission of knowledge,5 production will gradually spread to countries where production and marketing conditions are the most favourable.

Suggested Citation

  • John H. Dunning, 1971. "United States Foreign Investment and the Technological Gap," International Economic Association Series, in: Charles P. Kindleberger & Andrew Shonfield (ed.), North American and Western European Economic Policies, chapter 17, pages 364-406, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-01098-1_27
    DOI: 10.1007/978-1-349-01098-1_27
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    Cited by:

    1. Dunning, John H. & Cantwell, John A., 1982. "Investissements américains directs et compétitivité technologique européenne," L'Actualité Economique, Société Canadienne de Science Economique, vol. 58(3), pages 341-379, juillet-s.

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