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Productivity Growth and the Competitiveness of the American Economy - A Carolina Public Policy Conference Volume (Paperback, Softcover reprint of the original 1st ed. 1989)
Loot Price: R1,376
Discovery Miles 13 760
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Productivity Growth and the Competitiveness of the American Economy - A Carolina Public Policy Conference Volume (Paperback, Softcover reprint of the original 1st ed. 1989)
Series: Studies in Productivity Analysis
Expected to ship within 10 - 15 working days
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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.
General
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