Growth with Equity: Economic PolicyMaking for the Next Century

Overview

In this book three of the nation's most noted economists look at the primary reasons for these trends and assess which of the many suggestions for change in policy-whether for increased tax incentives for investment, education reform, or accelerated research and development-are likely to work and which may not work and could even hinder economic development.
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Overview

In this book three of the nation's most noted economists look at the primary reasons for these trends and assess which of the many suggestions for change in policy-whether for increased tax incentives for investment, education reform, or accelerated research and development-are likely to work and which may not work and could even hinder economic development.
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Editorial Reviews

Booknews
Recommends measures that three Brookings fellows say will improve the US economy (despite anything the Democrats can do), such as requiring employers to improve the training of their workforce, re-orienting secondary education to job training for the non- college-bound, shifting federal support from military and big science to smaller projects and private companies, and reforming international trade policies. Paper edition (unseen), $12.95. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780815707653
  • Publisher: Brookings Institution Press
  • Publication date: 3/28/1993
  • Pages: 256
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.58 (d)

Table of Contents

1 Introduction and Summary 1
Growth and Equity: Compatible Objectives 4
A Framework for Enhancing Growth and Equity 7
A Preview of Our Recommendations 10
2 Slow Growth and Other Economic Ills 15
The Slowdown of Productivity Growth 15
Why Is Productivity Growth Important? 20
Sources of Productivity Growth 31
Subsidiary Problems 39
3 Inequality 48
Earnings Inequality 50
Family Income Inequality 64
Implications 71
4 Increasing the Pace of Innovation 74
Sustaining American Strength in Basic Research 74
Lengthening Time Horizons 91
Liability Reform 103
Encouraging Joint Ventures 106
Should America Adopt an Industrial Policy? 107
5 Improving the Labor Market 110
Work Force Preparation 112
Remedies 121
Improvements in Labor Market Institutions 133
6 Promoting Investment 142
Encouraging Investment 142
Encouraging lnvestment with High Social Returns 156
7 Foreign Trade and Investment 174
Promoting Productivity through Freer Trade 175
Promoting Productivity through Foreign Direct Investment 182
New Strategies for Gaining Access to Foreign Markets 190
Helping Displaced Workers 194
8 An Agenda for Growth and Equity 198
Appendix: Research from the Center for Economic Progress and Employment 208
Notes 211
Index 233
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