“In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.” LongFactsRunningEconomicMovementActivityIncreaseResponseRateFirmBordersLong RunsTradingStrengthening Author:Toshihiko Fukui
“The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.” WorldLoveTwoAgeGrowthEconomicKeysLaborInternationalDivisionMechanismEconomic GrowthDivision Of LaborLinkages Author:Toshihiko Fukui
“Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.” WellsImportantPlayGrowthRolesEconomicAchieveInvestmentFinancialSavingCorporateFirmFundCrucialHouseholdSavingsEconomic GrowthChannelingFinancial System Author:Toshihiko Fukui
“The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.” TwoGrowthEconomicTheorySourceStandardsBasesProductivityFactorsEconomic Growth Author:Toshihiko Fukui