Tempting as it is to be deterministic about world trade, Western economies are facing a number of new challenges. The collapse of hi‐tech stocks has prompted a re‐evaluation of the new economy, yet traditional economic models no longer offer reliable predictions for the future. New information and communications technology has unquestionably jump‐started America’s economy, yet its re‐found prosperity is in many ways illusory. While the economists debate the relevance of classical theory, one inescapable fact confronts the nations of Europe: the inexorable decline of their population – and with it, their intellectual capital.
CitationDownload as .RIS
MCB UP Ltd
Copyright © 2000, MCB UP Limited