Growth with Equity: Economic Policymaking for the Next Century
Brookings Institution Press, 2010. gada 1. dec. - 254 lappuses
For nearly two decades the U.S. economy has been plagued by two disturbing economic trends: the slowdown in the growth rates of productivity and average real wages and the increase in wage and income inequality. The federal budget is in chronic deficit. Imports have far exceeded exports for more than a decade. American competitiveness has been a source of concern for even longer. Many Americans worry that foreigners are buying up U.S. companies, that the economy is losing its manufacturing base, and that the gap between rich and poor is widening. In this book three of the nation's most noted economists look at the primary reasons for these trends and assess which of the many suggestions for change in policywhether for increased tax incentives for investment, education reform, or accelerated research and developmentare likely to work and which may not work and could even hinder economic development. The author's discuss a variety of issues connected with deindustrialization and diminished competitiveness, distinguishing between problems that would be of real concern and those that should not. They evaluate explanations for slow growth in aggregate productivity in the United States and its relation to slower growth in other industrialized countries. They discuss the performance of the various sectors of the U.S. economy and systematically examine the evidence for and against the major proposals for correcting the adverse trends in productivity and inequity. Growth With Equity clearly explains how the country can accomplish the challenge of accelerating growth and narrowing the gap that separates the rich from the poor. While recognizing that some of their recommendations may be politically painful, the authors stress the importance of adopting a purposeful, long-range policy to encourage growth, ensure equity, and reduce the government's equity.
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Introduction and Summary
A Framework for Enhancing Growth and Equity
A Preview of Our Recommendations
Slow Growth and Other Economic Ills
Why Is Productivity Growth Important?
Sources of Productivity Growth
Improving the Labor Market
Work Force Preparation
Improvements in Labor Market Institutions
Encouraging Investment with High Social Returns
Family Income Inequality
Increasing the Pace of Innovation
Lengthening Time Horizons
Encouraging Joint Ventures
Should America Adopt an Industrial Policy?
Foreign Trade and Investment
Promoting Productivity through Freer Trade
Promoting Productivity through Foreign Direct Investment
New Strategies for Gaining Access to Foreign Markets
Helping Displaced Workers
An Agenda for Growth and Equity
Research from the Center for Economic Progress and Employment
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