Description
Book SynopsisThis collection of fifteen essays presents the views of some of the world's most distinguished economists on what is emerging as the central topic of the twenty-first century: long-term economic growth.
Table of ContentsIntrod uction Ralph Landau, Timothy Taylor and Gavin Wright; Part I. Overviews of Economic Growth and Development: 1. Convergence and deferred catch-up: productivity leadership and the waning of American exceptionalism Moses Abramovitz and Paul A. David; 2. The sources of long-term economic growth: observations from the experience of developed and developing countries Lawrence J. Lau; 3. World wealth expanding: why a rich, democratic, and (perhaps) peaceful era is ahead Henry S. Rowen; Part II. The Macroeconomic Context: Stabilisation policy and long-term economic growth Sylvester J. Schieber and John B. Shoven; 4. Science and technology investment and policy in the global economy A. Michael Spence; Part III. International Exchange and Economic Growth: 5. Threats to 21st-century growth: the challenge of the international trading system Anne O. Krueger; 6. Dollar and yen: the problem of financial adjustment between the United States and Japan Ronald I. McKinnon; 7. An evolutionary parable of the gains from internation al organizational diversity; Part IV. The Institutional Setting for Economic Growth: 8. Liability reforms and economic performance Thomas J. Campbell, Daniel P. Kessler, and George B. Shepherd; 9. Uncertainty and technological change Nathan Rosenberg; Part VI. Performance of Key Industries: 10. The Competitive crash in large-scale commercial computing Timothy F. Bresnahan and Shane Greenstein; 11. Strategy for economic growth: lessons from the chemical industry Ralph Landau; References; Index.
