Growth with Equity: Economic Policymaking for the Next CenturyBrookings 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 policy—whether for increased tax incentives for investment, education reform, or accelerated research and development—are 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 | 1 |
Compatible Objectives | 4 |
A Framework for Enhancing Growth and Equity | 7 |
A Preview of Our Recommendations | 10 |
Slow Growth and Other Economic Ills | 15 |
Why Is Productivity Growth Important? | 20 |
Sources of Productivity Growth | 31 |
Subsidiary Problems | 39 |
Conclusion | 108 |
Improving the Labor Market | 110 |
Work Force Preparation | 112 |
Remedies | 121 |
Improvements in Labor Market Institutions | 133 |
Promoting Investment | 142 |
Encouraging Investment with High Social Returns | 156 |
Summary | 172 |
Conclusion | 46 |
Inequality | 48 |
Earnings Inequality | 50 |
Family Income Inequality | 64 |
Implications | 71 |
Increasing the Pace of Innovation | 74 |
Lengthening Time Horizons | 91 |
Liability Reform | 103 |
Encouraging Joint Ventures | 106 |
Should America Adopt an Industrial Policy? | 107 |
Foreign Trade and Investment | 174 |
Promoting Productivity through Freer Trade | 175 |
Promoting Productivity through Foreign Direct Investment | 182 |
New Strategies for Gaining Access to Foreign Markets | 190 |
Helping Displaced Workers | 194 |
An Agenda for Growth and Equity | 198 |
Research from the Center for Economic Progress and Employment | 208 |
Notes | 211 |
233 | |
Citi izdevumi - Skatīt visu
Growth with Equity: Economic Policymaking for the Next Century Martin Neil Baily,Gary Burtless,Robert E. Litan Ierobežota priekšskatīšana - 2010 |
Bieži izmantoti vārdi un frāzes
American Andrei Shleifer apprenticeship average Baily banks benefits billion Brookings budget Burtless capital gains CDBs Charles Schultze compensation competition corporate cost countries decades decline deficit deindustrialization domestic earnings inequality economic growth economists Edwin Mansfield effect employers Employment Service encourage executive compensation family income faster federal figure finance firms foreign direct investment funds high school important improve income inequality increase industries infrastructure innovation institutions Japan Japanese labor market less skilled workers liability living standards long-term managers manufacturing Martin Neil Martin Neil Baily ment Microeconomics multifactor productivity national saving National Science Board nomic occupational output percent of GDP percentage performance private saving problems productiv productivity growth projects proposals public capital quintile reduce reform Robert Robert E saving rate sector share shareholders slowdown Source spending statistics stock options suggest tax credit tion tort trade trends U.S. economy United wage inequality
Atsauces uz šo grāmatu
Globalization and Progressive Economic Policy Dean Baker,Gerald Epstein,Robert Pollin Ierobežota priekšskatīšana - 1998 |