Abstract
ABSTRACT The paper hypothesizes that the worldwide market-friendly political/institutional transformations of the early 1980s had an impact on the direction of technological change. Their crucial effect was to make an integrated global labor market politically feasible, which raised demand for what eventually became global value chains and production networks, requiring in turn the further development of IT to lower communication and information costs. IT investment and demand for high skills, driven up by the large set up costs of global networks, eventually stagnated once these networks were in place making the expansion of low-skill employment around the world less dependent on their services.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
