Productivity Growth and the Competitiveness of the American Economy is popular PDF and ePub book, written by Stanley W. Black in 2012-12-06, 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, Productivity Growth and the Competitiveness of the American Economy can be Read Online from any device for your convenience.
Productivity Growth and the Competitiveness of the American Economy Book PDF Summary
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.
Detail Book of Productivity Growth and the Competitiveness of the American Economy PDF
- Author : Stanley W. Black
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9789400924949
- Genre : Business & Economics
- Total Page : 164 pages
- Language : English
- PDF File Size : 15,8 Mb
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