The Growth Deficit

SKU: PR273149

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Explore the compelling insights into economic trends with this brand-new trade paperback from Encounter Books, published in 2022. During the turbulent 1980s and 1990s, European economies faced sluggish growth and rising unemployment, commonly referred to as ‘secular decline.’ In a stark contrast, the United States experienced revitalization thanks to strategic tax cuts, reduced regulations on businesses, and a focus on monetary tightening. Today, however, we find ourselves questioning whether the American economy is currently facing its own era of secular decline, as we grapple with prolonged stagnation in growth. This thought-provoking book provides an in-depth analysis of these pressing economic challenges, examining their implications for inter-generational mobility, American strength internationally, and the potential for rising political strife at home. Perfect for economists, policymakers, and anyone keen on understanding the dynamics of economic growth, this essential read offers no easy answers but fosters critical discussions about the future. Don’t miss out on this crucial examination of economic realities. Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.

Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.

Condition: BRAND NEW
ISBN: 9781641773348
Format: Trade paperback (US)
Year: 2022
Publisher: Encounter Books


Description:


During the 1980s and 1990s, European economies went through a period of slowing economic growth and high unemployment, what some economists described as “secular decline.” On the other side of the Atlantic, the United States enjoyed a robust recovery during those years by reducing taxes, eliminating regulations on business, and tightening monetary policy.

Now, after two decades of subpar growth, the question is whether or not the American economy has entered into its own era of secular decline.

This Broadside examines this troubling development, recognizing that there are no easy solutions to the problem. Lacking workable solutions, Americans will have to adjust to a future of slow economic growth, with all that implies for inter-generational progress, American strength abroad and political conflict at home.

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