01704cas a2200241 a 4500 AALejournalIMF000723 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928907 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. From Autarky to Integration : Imitation, Foreign Borrowing, and Growth. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The effects on growth of the integration of an autarkic country into the world economy are analyzed, focusing on the differing roles of imitation and innovation in human capital accumulation. The country initially concentrates on imitation of foreign knowledge; subsequently, as it approaches the knowledge frontier, innovation plays a greater role. Late developers catch up with the rest of the world more rapidly than early developers, reflecting the relatively large imitation opportunity available to them. Restrictions on foreign borrowing reduce the speed of adjustment to the steady state and lower growth and welfare for the country that imposes them. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/140 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/140/001.1998.issue-140-en.xml IMF e-Library