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The Third Globalization - Can Wealthy Nations Stay Rich in the Twenty-First Century? (Paperback, New)
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The Third Globalization - Can Wealthy Nations Stay Rich in the Twenty-First Century? (Paperback, New)
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Given the powerfully negative and ongoing impact of the Great
Recession on western economies, the question of whether
historically wealthy nations--the US, Western European countries,
Japan--can stay wealthy has become an overriding concern for
virtually every interested observer. Can their middle classes
remain comfortable as more and more good and technically jobs
disappear to other parts of the world? Can they support themselves
as they devote more and more economic resources to an aging
population base? In The Third Globalization, eminent political
economists Dan Breznitz and John Zysman gather some of the
discipline's leading scholars to assess the prospects for growth
and prosperity among advanced industrial nations.
Throughout, they examine the core transformation in the economies
of the advanced countries, the character of the challenge from the
emerging economies, and the varied policy responses of the advanced
countries. And, via a series of case studies, the contributors
consider the central challenges these countries face internally and
the nature of their responses. In particular, they ask what
governments might do to achieve the goal of generating and
retaining highly productive economic activity, which they
collectively regard as necessary for sustained growth. In total,
the book directly challenges a number of core policy and academic
assumptions about the dynamics of contemporary advanced economies
by looking at the problem from three different angles: a) a macro
perspective, which considers the forces changing the policy and
political economy landscape after the crisis; b) a sectoral
perspective, which explains how these forces unleashed major shifts
within critical domains and industries; and c) a policy perspective
that concentrates on the responses to the Great Recession of both
the already rich nations and the new, game transforming,
competitors such as China and India. All told, the book's powerful
analysis of a current global problem--weak growth in the world's
longtime growth engines--that is of concern to everyone will make
this essential reading for scholars and policymakers from across
the social sciences.
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