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How the persistent worsening of the income distribution in the US in the 1980s and 1990s be explained? What are the prospects for the re-emergence of sustainable prosperity in the US economy over the next generation? Situating these questions within a wider context through historical analysis and comparisons with Germany and Japan, this book focuses on the microeconomics of corporate investment behavior, and the macroeconomics of household saving behavior. The contributors analyze how the combined pressures of excessive corporate growth,international competition, and intergenerational dependence have influenced corporate investment over the past two decades. They also offer a perspective on how corporate investment in skill bases can support sustainable prosperity, with studies drawn from the machine tool, aircraft engine, and medical equipment industries.
How can we explain the persistent worsening of the income
distribution in the United States in the 1980s and 1990s? What are
the prospects for the re-emergence of sustainable prosperity in the
US economy over the next generation? Situating these questions
within a wider context through historical analysis and comparisons
with Germany and Japan, this book focuses on the microeconomics of
corporate investment behaviour, and the macroeconomics of household
saving behaviour. Specifically, the contributors analyze how the
combined pressures of excessive corporate growth, international
competition, and intergenerational dependence have influenced
corporate investment over the past two decades. They also offer a
perspective on how corporate investment in skill bases can support
sustainable prosperity, with studies drawn from the machine tool,
aircraft engine, and medical equipment industries.
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