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Productivity Growth and the Competitiveness of the American Economy

A Carolina Public Policy Conference Volume

  • Editors
  • Stanley W. Black
Book

Part of the Studies in Productivity Analysis book series (SPAN)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Robert E. Baldwin
    Pages 71-74
  3. C. A. Knox Lovell
    Pages 111-119
  4. Patric H. Hendershott
    Pages 121-150
  5. Emil J. Sunley
    Pages 151-153

About this book

Introduction

swollen with deutschemarks and yen newly created to purchase unwanted dollars from the markets. When the Bundesbank and the Bank of Japan began to raise their interest rates to slow domestic monetary expansion, the fabric of international monetary cooperation began to unravel. Amid charge and counter-charge by disgruntled fmance ministers, the dollar dropped further and interest rates jumped upward, leading to panic in the stock market on Black Monday. Fortunately, a steady hand and generous supply of credit from the Federal Reserve System prevented massive bankruptcies among Wall Street brokerage houses and a collapse of the credit system. But the world-wide reverberations of the Wall Street crash exposed the underlying weaknesses of an economy based on foreign borrowing for all to see. Furthermore, the banking system is saddled with mountains of bad debts from the Third World and depressed parts of the American economy. A new Administration entering office in 1989 must deal with these problems, among others. Businesses and state and local governments need to know whether to focus their efforts on tax policy, investment, and improvements in education and worker training, or lobbying for protection from imports. The papers in this volume were chosen to explain the causes of present competitive problems in American industry and the factors that can lead to their gradual solution.

Keywords

economic growth growth productivity tax reform

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-009-2494-9
  • Copyright Information Springer Science+Business Media B.V. 1989
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-7625-8
  • Online ISBN 978-94-009-2494-9
  • Buy this book on publisher's site
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