Growth waves, systemic openness, and protectionism

In: International organization, Band 46, Heft Spring 92

Abstract

Focuses on technological leadership and on recurring growth waves. Argues that while protectionism is more likely to occur during wave downturns, it is more intense in the catch-up wave than in the ascent wave, since competition for leadership succession is more intense and the gap between leaders and followers is narrower during the catch-up period. (Abstract amended)