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The competitiveness of the U.S. economy and the need for a long-term economic strategy

2009-03-24 Political Science
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Release : 2009-03-24
Genre : Political Science
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Book Rating : 133/5 ( reviews)

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Book Synopsis The competitiveness of the U.S. economy and the need for a long-term economic strategy by : Sebastian Gerlach

Download or read book The competitiveness of the U.S. economy and the need for a long-term economic strategy written by Sebastian Gerlach. This book was released on 2009-03-24. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2009 in the subject Business economics - Economic Policy, grade: 1,3, Free University of Berlin (John F. Kennedy Institute for North American Studies), course: US Economic Policy, language: English, abstract: Despite the actual recession and financial crisis, the USA is currently the most competitive economy in the world. Competitive strengths like innovation and business sophistication next to well-functioning markets keep the USA highly productive. They outweigh the competitive weaknesses of great macroeconomic imbalances and improvable institutions. The financial market is just a part of the whole picture. Although the global economic landscape changed dramatically, the rise of emerging markets like China pose no general threat to U.S. competitiveness, because it is not a zerosum game. But the superior competitive position is eroding. Forces from within the U.S. economy put the future U.S. competitiveness at great risk. Inconsistencies like a decreasing percentage of R&D-spending, the ignorance of regional industry clusters by the federal government, the low-quality education system, and ineffective regulation of markets, display piecemeal, uncoordinated policy decisions and the lack of a coherent economic strategy. The formulation and implementation of a longterm economic strategy is recommended, which addresses these inconsistencies in the short- to midterm, the enforcement of strengths and reduction of weaknesses in the long-term. Only if the USA is governed strategically, it could sustain its current superior competitive position.

Building the Next American Century

2005-02-09 Business & Economics
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Release : 2005-02-09
Genre : Business & Economics
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Book Rating : /5 ( reviews)

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Book Synopsis Building the Next American Century by : Kent H. Hughes

Download or read book Building the Next American Century written by Kent H. Hughes. This book was released on 2005-02-09. Available in PDF, EPUB and Kindle. Book excerpt: Collaboration between the public and private sectors helped the U.S. economy recover from its last period of economic malaise, and similar collaboration is needed today, according to a key participant in the 1980s–1990s competitiveness movement. In Building the Next American Century, Kent H. Hughes describes that movement, beginning with the conditions that stimulated it: stagflation in the early 1970s, declines in manufactured exports, and challenges from German and Japanese manufacturers. The United States responded with monetary and fiscal reform, technological innovation, and formation of a culture of lifelong learning. Although a great deal of leadership came from government, a new sense of partnership with the private sector and its leaders was crucial. Hughes attributes much of the national prosperity of the late 1990s to contributions from the private sectors. Hughes argues that a twenty-first-century competitiveness strategy with a system-wide approach to innovation, learning, and global engagement can meet today's challenges, even in the demanding environment shaped by national security concerns after 9/11.

How America Stacks Up

2016-02-01 Political Science
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Release : 2016-02-01
Genre : Political Science
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Book Rating : 623/5 ( reviews)

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Book Synopsis How America Stacks Up by : Edward Alden

Download or read book How America Stacks Up written by Edward Alden. This book was released on 2016-02-01. Available in PDF, EPUB and Kindle. Book excerpt: American leadership in the world is built on the foundation of its economic strength. Yet the United States faces enormous economic competition abroad and threats to its economy at home. In How America Stacks Up: Economic Competitiveness and U.S. Policy, Edward Alden, Bernard L. Schwartz senior fellow at the Council on Foreign Relations and director of the Renewing America initiative, and Rebecca Strauss, associate director of Renewing America, focus on those areas of economic policy that are the most important for reinforcing America’s competitive strengths. Covering education, transportation, trade and investment, corporate tax, worker retraining, regulation, debt and deficits, and innovation, How America Stacks Up shows how, in a highly competitive global economy, these seemingly domestic issues are all crucial to U.S. success in the global economy. The line between domestic economic policy and foreign economic policy is now almost invisible, and getting these policies right matters for more than just U.S. living standards. The United States’ ability to influence world events rests on a robust, competitive economy. But without further investment in education, infrastructure, and innovation, Alden and Strauss show, the United States runs the risk of endangering its greatest competitive advantage. Through insightful analysis and engaging graphics, How America Stacks Up outlines the challenges faced by the United States and prescribes solutions that will ensure a healthy, competitive U.S. economy for years to come.

Competitiveness and American Society

1993 Business & Economics
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Release : 1993
Genre : Business & Economics
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Book Rating : 287/5 ( reviews)

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Book Synopsis Competitiveness and American Society by : Steven L. Goldman

Download or read book Competitiveness and American Society written by Steven L. Goldman. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt: "The claim that U.S. industry is in a crisis - that it stands at a turning point in its competitiveness with foreign rivals - seems on the face of it an objective description of the prevailing state of affairs. But what does "competitiveness" mean when it is used to describe an entire industry, an economy, a nation? What is the relationship between industrial competitiveness and the personal and social value placed on competition? What are the social roots of competition that have made it an enduring American value? How does the current competitiveness debate serve special interests seeking to preserve or extend their social power? The essays presented in Competitiveness and American Society, all written especially for this volume, address these and related questions. The answers they offer reveal the political character of the competitiveness debate, as well as the complexity and ambiguity of the value judgments with which competitiveness issues are entangled." "The perspectives taken by the authors range from the austerely economic, through the political and managerial, to the richly sociological. The opening essay rejects the possibility, let alone the factuality, of a national competitiveness crisis; the closing essay explicitly identifies the root causes of the crisis as national. Other essays look to relationships among culture, society, and industry in the U.S. and Japan as factors shaping America's competitiveness crisis, and the Western European response to that crisis. One essay explores mechanisms that would allow the public to play a constructive role in managerial decision-making; another explores the complications that have followed from mandating the management of resources in accordance with social values." "The common denominator of all of the essays is an engagement with the role that social value judgments play in determining the competitiveness of individual firms. For some, this role is broad and definitive; for others, it is narrowly circumscribed. Taken together, the essays in Competitiveness and American Society establish the need for wider participation in the debate over the competitiveness of U.S. industry than has been held so far. What is needed is a debate that addresses the quality of American life and the health of the industrial sector of the economy, a debate that opens for public deliberation the changes in personal and social values and institutions that will be required to shape that interdependence."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Competitiveness Matters

2010-08-27 Business & Economics
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Release : 2010-08-27
Genre : Business & Economics
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Book Rating : 409/5 ( reviews)

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Book Synopsis Competitiveness Matters by : Candace Howes

Download or read book Competitiveness Matters written by Candace Howes. This book was released on 2010-08-27. Available in PDF, EPUB and Kindle. Book excerpt: This book argues, against the current view, that competitiveness--that is, the competitiveness of the manufacturing sector--matters to the long-term health of the U.S. economy and particularly to its long-term capacity to raise the standard of living of its citizens. The book challenges the arguments popularized most recently by Paul Krugman that competitiveness is a dangerous obsession that distracts us from the question most central to solving the problem of stagnant real income growth, namely, what causes productivity growth, especially in the service sector. The central argument is that, if the U.S. economy is to achieve full employment with rising real wages, it is necessary to enhance the competitiveness of its tradable goods sector. The book shows that current account deficits cannot be explained by macroeconomic mismanagement but are rather the consequence of an uncompetitive manufacturing sector. It finds that the long-term health of the manufacturing sector requires not only across-the-board policies to remedy problems of low or inefficient investment, but also sectoral policies to address problems that are strategic to resolving the balance of payments problems. Lessons are drawn from the experience of some European and Asian countries. This book will be of interest to economists, political scientists, and business researchers concerned with the place of the manufacturing sector in overall health of the U.S. economy, with issues of industrial policy and industrial restructuring, and with the conditions for rising standards of living. Candace Howes is Associate Professor, Barbara Hogate Ferrin Chair, Connecticut College. Ajit Singh is Professor of Economics, Queens College, Cambridge.

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