Excerpt from Third Report on Promoting Long-Term Prosperity From the Competitiveness Policy Council: Hearing Before the Subcommittee on Economic Growth and Credit Formation of the Committee on Banking, Finance and Urban Affairs House of Representatives, May 12, 1994
I am not by nature a pessimist; to the contrary. But when we did our review for this report Of whether America's competitive prob lems and economic woes were behind us, we came to some rather sobering judgments. Maybe if we can maximize public attention to our new report we can help the market condition by reminding peo ple that most of our fundamental problems like the saving rate have not been solved.
Therefore, it is inconceivable that we would go ahead not only with 7 percent growth, but even with 3 or 4 percent growth. It doesn't work mathematically when productivity is expanding at best at percent and national private savings at the lowest rate in the postwar period. It can't happen and Alan Greenspan is the first to know that.
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Paperback. Zustand: New. Print on Demand. This book is an incisive report on the current competitive status of nations, particularly the United States. The author analyzes the historical economic indicators and shows how they have contributed to the economic landscape of today. The author does assume the reader has some grounding in basic economic concepts, which helps to appropriately frame the insights this book has to offer. In particular, this book shows how the politics and economics of nations have been intertwined throughout history. The book is not just descriptive; the author argues for investment in long-term over short-term solutions and for policies which foster a sustainable economic environment. The consequences of this short-term policymaking are described in detail, and the author argues that it is imperative that the US rethink its economic focus to prioritize long term economic health. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781332914425_0
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