Innovation and the Productivity Crisis is popular PDF and ePub book, written by Martin Neil Baily in 2011-12-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Innovation and the Productivity Crisis can be Read Online from any device for your convenience.
Innovation and the Productivity Crisis Book PDF Summary
The collapse of U.S. productivity growth since the late 1960s has been the most severe and persistent of recent economic problems. This volume reviews the extent of the growth slowdown, evaluates several contributing factors, and suggests strategies for improvement. The authors find that inflation, recessions, oil price fluctuations, and other economic disruptions in the 1970s had an averse effect on economic performance, but, they suggest, a slowing in the pace of innovation and a failure to exploit the benefits of innovation also contributed to the weakness in productivity. Baily and Chakrabarti provide a comprehensive assessment of U.S. technology policy and its importance to growth. They argue for continued support of basic science, even though strength in this area does not give the U.S. economy an immediate competitive advantage, and advocate increased support for "middle ground" and commercial research. They conclude that this support must be structured to preserve the advantages of the market.
Detail Book of Innovation and the Productivity Crisis PDF
- Author : Martin Neil Baily
- Release : 01 December 2011
- Publisher : Brookings Institution Press
- ISBN : 9780815716327
- Genre : Business & Economics
- Total Page : 144 pages
- Language : English
- PDF File Size : 20,9 Mb
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