Americanization of global finance (cont.)

Rakesh Bhandari bhandari at phoenix.Princeton.EDU
Sat Sep 25 21:23:16 PDT 1999



>All depends on what counts as technology. According to Paul Doremus et al.
>("The Myth of the Global Corporation," Princeton 1998), the United States
>is the only large OECD country to have a positive technology balance of
>trade for the last 25 years--except for 1986, when the U.K. had one (this is
>up to 1994). (They measured technology exports by way of international
>royalty and license fee transactions. Counted it as technical innovation.)

Bingo.



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