scholarly journals Can We Restart the Recovery All Over Again?

2016 ◽  
Vol 106 (5) ◽  
pp. 48-51 ◽  
Author(s):  
John B. Taylor

Many have argued that a deviation from good economic policy has been a cause of the poor U.S. economic performance of the past decade and that policy reforms are needed to restore strong growth. Yet others argue that the recent stagnation is secular or that the possibility of a rapid recovery is long gone without more fiscal stimulus. Here I show that unusual economic conditions leave plenty of room for a reform-induced rebound. Taking demographics and the growth of capital services into account, labor force participation and productivity growth are unusually low. Hence, policy reforms could generate a post-recession-like acceleration as well as sustained growth and stability.

1995 ◽  
Vol 34 (1) ◽  
pp. 84-85
Author(s):  
Mir Annice Mahmood

Improving the material conditions of the poor has been the main focus of economic policy formulation for the past fifty years or so. Thus, in this connection, a vast body of literature has been published which deals with such issues as identifying the poor and suggesting remedies to alleviate their lot. The book by Theodore W. Schultz deals specifically with the economics of the poor. The book is primarily a collection of articles the author wrote over a fortyyear period (1950-1990), and these have been published previously in a number of leading economic journals. The articles have been grouped under three headings: "Most People Are Poor"; "Investing in Skills and Knowledge"; and "Effects of Human Capital". The articles basically deal with the concept of human capital. There is a logical sequence to the articles that make up this book; the poor are identified and steps are then suggested to improve their standing. Issues such as women's economic emancipation and the demand for children are highlighted in the collection of articles dealing with these two subjects. By investing in themselves through education, the poor raise their level of skills, and thus their level of wages/salaries, allowing them to enjoy higher standards of living.


2007 ◽  
Vol 41 (3) ◽  
pp. 362-388 ◽  
Author(s):  
Byong-Kuen Jhee

This study explores how economic performance prior to democratic transitions affects the fate of successors to authoritarian rulers in new democracies. It investigates 70 founding election outcomes, finding that successful economic performance under an authoritarian regime increases the vote share of successors. It also finds that the past economic performance of authoritarian rulers decreases the likelihood of government alternation to democratic oppositions. Interim governments that initiate democratic transition, however, are neither blamed nor rewarded for economic conditions during transition periods. This study concludes that electorates are not myopic and that economic voting is not a knee-jerk reaction to short-term economic performance in new democracies.


2019 ◽  
Vol 19 (213) ◽  
pp. 1
Author(s):  

Germany’s economic performance has been strong for the past decade, but external factors and structural challenges are now weighing on growth. The export-dependent economy has been hit by the recent slowdown in global demand, while medium-term growth is expected to fall due to low productivity growth and adverse demographics. External imbalances remain large, partly reflecting rising top income inequality, macro-financial vulnerabilities are rising, and the financial sector continues to suffer from weak profitability. Still, fundamentals are sound, with public and private balance sheets remaining healthy, and the unemployment rate at record lows. Inflation is subdued, but wage growth is continuing to pick up, reflecting the strength of the labor market and increasingly binding capacity constraints.


2019 ◽  
Vol 942 (12) ◽  
pp. 50-60
Author(s):  
M.Yu. Orlov

The development of digital technologies in the world influences developing national cartography and especially such segment as commercial cartography greatly. Maps and atlases have taken on a new form and the economic and financial aspects have changed at the same time. If some time ago publishers of Cards earned on circulation,nowadays it is possible to use marketing and advertising technologies to recoup expenses for creation of cartographic production. In order tounderstand in which direction to move it is necessary to study the past properly. The author attempts to study the development of commercial cartography in the period of NEP (new economic policy) of the Soviet Government in 1920s to define the connection between the development of cartography and changes in social and economic conditions. We study the period when there was a need to use a geographic map as an advertising bearer, and consider in detail the cartographic works in which commercial advertising was used. The review and analysis of the issues related to the emergence of the basic advertising rules in maps and atlases as well as the relationship between the subject of cartographic works and the content of advertising modules. The application of social advertising in the early 20th century and versions of advertising texts and modules in maps and atlases are shown.


1990 ◽  
Vol 32 (2) ◽  
pp. 43-68 ◽  
Author(s):  
Francisco E. Thoumi

Mainstream economists blame the poor 1980s economic performance of most Latin American and Caribbean (LAC) countries on the poor economic policies followed by the region for the past several decades and recommend drastic policy changes including (a) elimination of many subsidies, (b) lowering tariffs and other obstacles to international trade, (c) privatization of many state enterprises, (d) liberalization of capital markets and interest rates, and so on — a policy package designed to lower greatly the government's intervention in the economy. This policy advice has been inspired, at least in part, by the generally accepted failure of the LAC governments to promote stable and fair growth through intervention.However, in spite of pressures by multilateral and bilateral agencies, most governments find it very difficult to implement these policies, even when policymakers and their advisers fully understand the logic behind the policy recommendations and agree with them.


2015 ◽  
Vol 67 (3) ◽  
pp. 563-612 ◽  
Author(s):  
Thandika Mkandawire

During the past two decades, neopatrimonialism has become the convenient, all purpose, and ubiquitous moniker for African governance. The school of thought behind this research program, which the author refers to as the neopatrimonialism school, has produced an impressive literature on Africa. Its analysis informs policymakers and its language permeates media reportage on African states. While neopatrimonialism has long been a focus of development studies, in recent times it has assumed politically and economically exigent status. The school identifies causal links between neopatrimonialism and economic performance, and makes predictions drawing from what is referred to as the "logic of neopatrimonialism." Neopatrimonialism is said to account for trade policies, hyperinflation, economic stagnation, low investment in infrastructure, urban bias, andultimately, the lack of economic development in Africa. This article examines the empirical basis of predictions and policy prescriptions. It argues that while descriptive of the social practices of the states and individuals that occupy different positions within African societies, the concept of neopatrimonialism has little analytical content and no predictive value with respect to economic policy and performance.


Author(s):  
M. Osumi ◽  
N. Yamada ◽  
T. Nagatani

Even though many early workers had suggested the use of lower voltages to increase topographic contrast and to reduce specimen charging and beam damage, we did not usually operate in the conventional scanning electron microscope at low voltage because of the poor resolution, especially of bioligical specimens. However, the development of the “in-lens” field emission scanning electron microscope (FESEM) has led to marked inprovement in resolution, especially in the range of 1-5 kV, within the past year. The probe size has been cumulated to be 0.7nm in diameter at 30kV and about 3nm at 1kV. We have been trying to develop techniques to use this in-lens FESEM at low voltage (LVSEM) for direct observation of totally uncoated biological specimens and have developed the LVSEM method for the biological field.


2013 ◽  
pp. 4-23 ◽  
Author(s):  
V. Mau

The paper deals with the trends in the world and Russian economies towards development of a new post-crisis system, including technological and structural transformation. Three main scenarios of Russian economic development (conservative, innovation and acceleration) are discussed basing on historical analysis of Russian economic performance since 1970-s when oil boom started. On this basis key challenges of economic policy in 2013 are discussed.


2014 ◽  
pp. 4-20 ◽  
Author(s):  
G. Idrisov ◽  
S. Sinelnikov-Murylev

The paper analyzes the inconsequence and problems of Russian economic policy to accelerate economic growth. The authors consider three components of growth rate (potential, Russian business cycle and world business cycle components) and conclude that in order to pursue an effective economic policy to accelerate growth, it has to be addressed to the potential (long-run) growth component. The main ingredients of this policy are government spending restructuring and budget institutions reform, labor and capital markets reforms, productivity growth.


2014 ◽  
pp. 4-32 ◽  
Author(s):  
V. Mau

The paper deals with Russian social and economic development in 2013 and prospects for the next year or two. The author discusses the logic and trends of the global crisis started in 2008. This is the basis for further analysis of current Russian economic performance with special emphasis on the problem of growth rates deceleration. Special attention is paid to economic risks and priorities of economic policy.


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