IDEAS home Printed from https://ideas.repec.org/p/nbr/nberwo/19301.html
   My bibliography  Save this paper

One Ring to Rule Them All? Globalization of Knowledge and Knowledge Creation

Author

Listed:
  • Richard B. Freeman

Abstract

This paper directs attention at the globalization of knowledge and knowledge creation as the fundamental global driver of economic outcomes in today's information economy. It documents the globalization of knowledge and spread of scientific research from advanced to developing countries and argues that these developments undermine trade models in which advanced countries invariably have comparative advantage in high tech goods and services; determine the immigration of skilled workers; boosts labor standards; and influences incomes and inequality within and across countries. To the extent that knowledge is the key component in productivity and growth, its spread and creation is the one ring of globalization that rules the more widely studied patterns of trade, capital flows and immigration, per my title.

Suggested Citation

  • Richard B. Freeman, 2013. "One Ring to Rule Them All? Globalization of Knowledge and Knowledge Creation," NBER Working Papers 19301, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:19301
    Note: LS PR
    as

    Download full text from publisher

    File URL: http://www.nber.org/papers/w19301.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gabriel J. Felbermayr & Benjamin Jung & Farid Toubal, 2010. "Ethnic Networks, Information, and International Trade: Revisiting the Evidence," Annals of Economics and Statistics, GENES, issue 97-98, pages 41-70.
    2. Harrison, Ann & McLaren, John & McMillan, Margaret S., 2010. "Recent findings on trade and inequality:," IFPRI discussion papers 1047, International Food Policy Research Institute (IFPRI).
    3. Gil S. Epstein & Ira N. Gang, 2006. "Ethnic Networks and International Trade," Springer Books, in: Rolf J. Langhammer & Federico Foders (ed.), Labor Mobility and the World Economy, pages 85-103, Springer.
    4. Leonardo Gasparini & Nora Lustig, 2011. "The Rise and Fall of Income Inequality in Latin America," Working Papers 1110, Tulane University, Department of Economics.
    5. Kimberly Ann Elliott & Richard B. Freeman, 2003. "Can Labor Standards Improve under Globalization?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 338, April.
    6. Roy J. Ruffin & Ronald W. Jones, 2007. "International Technology Transfer: Who Gains and Who Loses?," Review of International Economics, Wiley Blackwell, vol. 15(2), pages 209-222, May.
    7. Richard Freeman, 2010. "Globalization of scientific and engineering talent: international mobility of students, workers, and ideas and the world economy," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(5), pages 393-406.
    8. Kimberly Ann Elliott & Richard B. Freeman, 2004. "White Hats or Don Quixotes? Human Rights Vigilantes in the Global Economy," NBER Chapters, in: Emerging Labor Market Institutions for the Twenty-First Century, pages 47-97, National Bureau of Economic Research, Inc.
    9. Paul A. Samuelson, 2004. "Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 135-146, Summer.
    10. Richard B. Freeman & Joni Hersch & Lawrence Mishel, 2004. "Emerging Labor Market Institutions for the Twenty-First Century," NBER Books, National Bureau of Economic Research, Inc, number free04-1.
    11. David H. Autor & David Dorn & Gordon H. Hanson, 2013. "The China Syndrome: Local Labor Market Effects of Import Competition in the United States," American Economic Review, American Economic Association, vol. 103(6), pages 2121-2168, October.
    12. James R. MARKUSEN, 2021. "Factor Movements And Commodity Trade As Complements," World Scientific Book Chapters, in: BROADENING TRADE THEORY Incorporating Market Realities into Traditional Models, chapter 15, pages 325-340, World Scientific Publishing Co. Pte. Ltd..
    13. William R. Kerr, 2008. "Ethnic Scientific Communities and International Technology Diffusion," The Review of Economics and Statistics, MIT Press, vol. 90(3), pages 518-537, August.
    14. Isabel Tecu, 2013. "The Location of Industrial Innovation: Does Manufacturing Matter?," Working Papers 13-09, Center for Economic Studies, U.S. Census Bureau.
    15. Mary Amiti & Donald R. Davis, 2012. "Trade, Firms, and Wages: Theory and Evidence," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(1), pages 1-36.
    16. Wong, Kar-yiu, 1986. "Are international trade and factor mobility substitutes?," Journal of International Economics, Elsevier, vol. 21(1-2), pages 25-43, August.
    17. Agrawal, Ajay & Kapur, Devesh & McHale, John & Oettl, Alexander, 2011. "Brain drain or brain bank? The impact of skilled emigration on poor-country innovation," Journal of Urban Economics, Elsevier, vol. 69(1), pages 43-55, January.
    18. Ann Harrison & Jason Scorse, 2004. "Moving Up or Moving Out? Anti-Sweatshop Activists and Labor Market Outcomes," NBER Working Papers 10492, National Bureau of Economic Research, Inc.
    19. Richard B. Freeman & Remco H. Oostendorp, 2002. "Wages Around the World: Pay across Occupations and Countries," International Economic Association Series, in: Richard B. Freeman (ed.), Inequality Around the World, chapter 2, pages 5-37, Palgrave Macmillan.
    20. Paul A. Samuelson, 2005. "Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization: Response," Journal of Economic Perspectives, American Economic Association, vol. 19(3), pages 242-244, Summer.
    21. Kugler, Maurice & Rapoport, Hillel, 2007. "International labor and capital flows: Complements or substitutes?," Economics Letters, Elsevier, vol. 94(2), pages 155-162, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Das, Gouranga G. & Maswana, Jean-Claude & Hirano, Yumeka, 2023. "Germs, Globalization, and Trade Spillovers: How could COVID-19 affect African Economies and AfCFTA," GLO Discussion Paper Series 1251, Global Labor Organization (GLO).
    2. Sarianna Lundan & John Cantwell, 2020. "The local co-evolution of firms and governments in the Information Age," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(9), pages 1516-1528, December.
    3. Kobrin, Stephen J., 2015. "Is a global nonmarket strategy possible? Economic integration in a multipolar world order," Journal of World Business, Elsevier, vol. 50(2), pages 262-272.
    4. William R. Kerr, 2020. "The Gift of Global Talent: Innovation Policy and the Economy," Innovation Policy and the Economy, University of Chicago Press, vol. 20(1), pages 1-37.
    5. Leonard I. Nakamura, 2015. "Creativity and economic growth: theory, measures, and potentials for morocco," Working Papers 15-21, Federal Reserve Bank of Philadelphia.
    6. Mikko Packalen, 2019. "Edge factors: scientific frontier positions of nations," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(3), pages 787-808, March.
    7. Sari Pekkala Kerr & William R. Kerr, 2018. "Global Collaborative Patents," Economic Journal, Royal Economic Society, vol. 128(612), pages 235-272, July.
    8. Richard B. Freeman & Wei Huang, 2015. "China's “Great Leap Forward” in Science and Engineering," NBER Working Papers 21081, National Bureau of Economic Research, Inc.
    9. John Horton & William R. Kerr & Christopher Stanton, 2017. "Digital Labor Markets and Global Talent Flows," NBER Chapters, in: High-Skilled Migration to the United States and Its Economic Consequences, pages 71-108, National Bureau of Economic Research, Inc.
    10. repec:zbw:bofrdp:2017_003 is not listed on IDEAS
    11. Pablo Pedraza & Ian Vollbracht, 2023. "General theory of data, artificial intelligence and governance," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-16, December.
    12. Sari Pekkala Kerr & William R. Kerr, 2018. "Global Collaborative Patents," Economic Journal, Royal Economic Society, vol. 128(612), pages 235-272, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Francesco LISSONI, 2016. "Migration and Innovation Diffusion : An Eclectic Survey," Cahiers du GREThA (2007-2019) 2016-11, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    2. William R Kerr, 2018. "Heterogeneous Technology Diffusion and Ricardian Trade Patterns," The World Bank Economic Review, World Bank, vol. 32(1), pages 163-182.
    3. Diego Useche & Ernest Miguelez & Francesco Lissoni, 2020. "Highly skilled and well connected: Migrant inventors in cross-border M&As," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(5), pages 737-763, July.
    4. Felbermayr, Gabriel & Grossmann, Volker & Kohler, Wilhelm, 2012. "Migration, International Trade and Capital Formation: Cause or Effect?," IZA Discussion Papers 6975, Institute of Labor Economics (IZA).
    5. Claudia Noumedem Temgoua, 2018. "Highly skilled migration and the internationalization of knowledge," Cahiers du GREThA (2007-2019) 2018-16, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    6. Stefano Breschi & Francesco Lissoni & Ernest Miguelez, 2017. "Foreign-origin inventors in the USA: testing for diaspora and brain gain effects," Journal of Economic Geography, Oxford University Press, vol. 17(5), pages 1009-1038.
    7. Diego Useche & Ernest Miguelez & Francesco Lissoni, 2019. "Highly skilled and well connected: Migrant inventors in cross-border M&As," Post-Print halshs-02024499, HAL.
    8. Luca Marchiori & I-Ling Shen & Frédéric Docquier, 2013. "Brain Drain In Globalization: A General Equilibrium Analysis From The Sending Countries' Perspective," Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1582-1602, April.
    9. Elisabetta Lodigiani & Luca Marchiori & I-Ling Shen, 2016. "Revisiting the Brain Drain Literature with Insights from a Dynamic General Equilibrium World Model," The World Economy, Wiley Blackwell, vol. 39(4), pages 557-573, April.
    10. Frédéric Docquier & Hillel Rapoport, 2012. "Globalization, Brain Drain, and Development," Journal of Economic Literature, American Economic Association, vol. 50(3), pages 681-730, September.
    11. Ejaz Ghani & William R. Kerr & Christopher Stanton, 2014. "Diasporas and Outsourcing: Evidence from oDesk and India," Management Science, INFORMS, vol. 60(7), pages 1677-1697, July.
    12. Stefano Breschi & Francesco Lissoni & Gianluca Tarasconi, 2014. "Inventor Data for Research on Migration and Innovation: A Survey and a Pilot," WIPO Economic Research Working Papers 17, World Intellectual Property Organization - Economics and Statistics Division.
    13. Peter H. Egger & Maximilian von Ehrlich & Douglas R. Nelson, 2012. "Migration and Trade," The World Economy, Wiley Blackwell, vol. 35(2), pages 216-241, February.
    14. Toman Barsbai & Hillel Rapoport & Andreas Steinmayr & Christoph Trebesch, 2017. "The Effect of Labor Migration on the Diffusion of Democracy: Evidence from a Former Soviet Republic," American Economic Journal: Applied Economics, American Economic Association, vol. 9(3), pages 36-69, July.
    15. Jacques Poot & Anna Strutt, 2010. "International Trade Agreements and International Migration," The World Economy, Wiley Blackwell, vol. 33(12), pages 1923-1954, December.
    16. Sari Pekkala Kerr & William Kerr & Çağlar Özden & Christopher Parsons, 2017. "High-Skilled Migration and Agglomeration," Annual Review of Economics, Annual Reviews, vol. 9(1), pages 201-234, September.
    17. Slivko, Olga, 2018. ""Brain gain" on Wikipedia: Immigrants return knowledge home," ZEW Discussion Papers 18-008, ZEW - Leibniz Centre for European Economic Research.
    18. Sari Pekkala Kerr & William R. Kerr, 2018. "Global Collaborative Patents," Economic Journal, Royal Economic Society, vol. 128(612), pages 235-272, July.
    19. Jan Hogrefe & Jens Wrona, 2015. "Trade, tasks and training: The effect of offshoring on individual skill upgrading," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 48(4), pages 1537-1560, November.
    20. Ernest Miguélez, 2018. "Inventor Diasporas and the Internationalization of Technology," The World Bank Economic Review, World Bank, vol. 32(1), pages 41-63.

    More about this item

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:19301. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.