scholarly journals Neo-Globalization: Premises, Processes and the Future

2017 ◽  
Vol 4 (7) ◽  
pp. 71
Author(s):  
M S S El Namaki
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Government Spending ◽  
Economic Activity ◽  
Free Market ◽  
The United States ◽  
Monetary Policies ◽  
Wearing Off ◽  
Wealth Tax ◽  
High Measure

Globalization, or the worldwide movement towards a high measure of economic, financial, trade, technology and communications integration, is a concept in need of an overhaul. The roots which have rested largely on President Reagan’s economic policy foundations of the early 80’s are wearing off. Free market, deregulation, income and wealth tax cut, reduced government spending and tight fiscal and monetary policies are challenged by events and disruptions. Economic growth vehicles are shifting away from manufacturing and services and locus of economic activity is moving towards China and its environs. Progression towards protective politics in the United States as much as the adoption of Brexit in Britain have hastened the blur.

scholarly journals COVID-19 Is Transforming Economic Policy in the United States

2021 ◽  
Vol 56 (4) ◽  
pp. 185-190
Author(s):  
Claudia Sahm
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic Policy ◽  
Government Spending ◽  
The United States

AbstractCutbacks in government spending slowed the recovery and led to lasting damage to workers and economic growth.

Forming Sources of Long-run Growth: How to Understand Them?

2014 ◽  
pp. 4-20 ◽  
Author(s):  
G. Idrisov ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Policy ◽  
Business Cycle ◽  
Capital Markets ◽  
Productivity Growth ◽  
Government Spending ◽  
Long Run ◽  
Accelerate Growth ◽  
Budget Institutions

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.

Economic Policy

2019 ◽  
pp. 173-195
Author(s):  
William Keech ◽  
William Scarth
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic Policy ◽  
Fiscal Policy ◽  
Income Distribution ◽  
Political Institutions ◽  
Productivity Growth ◽  
The United States ◽  
Economic Policies ◽  
Sustainable Fiscal Policy

This chapter identifies the differing policies and outcomes that Canadians and Americans have pursued with respect to economic growth, stabilization, and income distribution, and it analyzes several factors that can partially explain why divergent policy choices have emerged. The United States (U.S.) has recorded better productivity growth, while Canada has achieved a more sustainable fiscal policy, a less fragile financial sector, and more generous distributional policies. These contrasting outcomes are related to differences in size and geography, in political culture, and in political institutions. The analysis also considers how much it may be possible for each country’s policymakers to benefit from the other’s experiences. While identifying some lessons in this regard, the authors conclude that the sheer difference in the size of the two economies affects which economic policies can be expected to be effective. As a result, it is concluded that convergence in economic policymaking will remain somewhat limited.

scholarly journals Measurements of Economic Growth and Development of Various Sized Central Place Areas in Pennsylvania, 1960-70

1972 ◽  
Vol 1 (01) ◽  
pp. 336-347
Author(s):  
R. Gar Forsht ◽  
J. Dean Jansma
Keyword(s):  
United States ◽  
Economic Growth ◽  
Rural Areas ◽  
Economic Activity ◽  
Growth And Development ◽  
The United States ◽  
Central Place ◽  
Economic Growth And Development ◽  
The Past ◽  
Urban And Rural Areas

There has been increasing concern over the past decade about the lack of economic activity in a number of major cities, many intermediate and small sized cities, and a significant number of rural areas within various regions of the United States. This concern about the depressed conditions in these urban and rural areas, relative to the nation, has attracted country-wide attention.

THE CASE FOR DIVISIA MONEY TARGETING

2012 ◽  
Vol 17 (8) ◽  
pp. 1638-1658 ◽  
Author(s):  
Apostolos Serletis ◽  
Sajjadur Rahman
Keyword(s):  
Economic Activity ◽  
The United States ◽  
Money Growth ◽  
Monetary Policies ◽  
Average Growth ◽  
Monetary Aggregates ◽  
Method Of Calculation ◽  
Divisia Monetary Aggregates ◽  
Level Of Aggregation ◽  
Growth Volatility

In this paper we investigate the relationship between money growth uncertainty and the level of economic activity in the United States. We pay explicit attention to the Divisia monetary aggregates. In doing so, we use the new vintage of the data [called MSI (monetary services indices) by the St. Louis Fed], together with the simple sum monetary aggregates, over the period from 1967:1 to 2011:3. In the context of a bivariate VARMA, GARCH-in-mean, asymmetric BEKK model, we show that increased Divisia money growth volatility (irrespective of the level of aggregation and the method of calculation) is associated with a lower average growth rate of real economic activity. However, there are no effects of simple-sum money growth volatility on real economic activity, except with the Sum M1 and perhaps Sum M2M aggregates. We conclude that monetary policies that focus on the Divisia monetary aggregates and target their growth rates will contribute to higher overall economic growth.

A Postwar Perestroika? Toward a History of Private Enterprise in the USSR

Slavic Review ◽  
1998 ◽  
Vol 57 (3) ◽  
pp. 516-542 ◽  
Author(s):  
Julie Hessler
Keyword(s):  
Economic Policy ◽  
Soviet Union ◽  
Economic Activity ◽  
Private Enterprise ◽  
The United States ◽  
Private Business ◽  
New Economic Policy ◽  
The Soviet Union ◽  
History Of ◽  
Prison Camp

One of the firmest popular conceptions of the Soviet Union in the United States is of a system diat categorically banned private enterprise. Embraced by specialists and the general public alike, this conception reflects the official Soviet stance diat the private sector was eradicated during losif Stalin's “great break” of 1929-30. Indeed, over the course of diose two years, individual peasants were compelled to collectivize, private stores forcibly shut, private manufactures socialized, and even doctors and dentists pressured to cooperate or to close shop. The concept of an interdiction against all private economic activity found support in the words of the dictator–Stalin's assertions that the Soviet Union was a society “without capitalists, small or big,” that socialist, not capitalist, property was the “foundation of revolutionary legality,” and many other statements of a similar ilk. Stalin proved his commitment to this model by his readiness to resort to coercion against its violators: at his instigation, repressive laws threatened entrepreneurs with five to ten years in prison camp for profitable private business. Such developments appeared as unequivocal as they proved lasting; when commentators discussed perestroika in the late 1980s, the only historical precedent they could identify was Lenin's New Economic Policy six decades before.

scholarly journals Basic questions of economic growth mechanism

2008 ◽  
Vol 53 (176) ◽  
pp. 7-37 ◽  
Author(s):  
György Simon
Keyword(s):  
Economic Growth ◽  
Economic Activity ◽  
Physical Capital ◽  
The United States ◽  
Event Space ◽  
Initial State ◽  
Economic Growth And Development ◽  
World Economic ◽  
Main Components ◽  
Intensity Functions

The author elaborated and, by a world economic investigation on 131 countries, verified a growth model considering both physical and human capital, as well as time, as the event space of creative economic activity. The main components of the model are the intensity functions using which one can map the three fundamental types of technical progress and thus economic growth and development from the initial state without physical capital to our days. The model is functioning well concerning both developed and developing countries, as demonstrated by the paper with the examples of the United States and India.

scholarly journals The perspectives of long-term growth in Russia

2015 ◽  
Vol 65 (s1) ◽  
pp. 7-23 ◽  
Author(s):  
Georgy Idrisov ◽  
Sergey Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Policy ◽  
Business Cycle ◽  
Productivity Growth ◽  
Government Spending ◽  
Long Run ◽  
Accelerate Growth ◽  
Budget Institutions

The paper analyses 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, labour and capital markets reform as well as productivity growth.

Chapter 5: The International Payments Problem and British Economic Policy

1961 ◽  
Vol 13 ◽  
pp. 44-49
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
The United States ◽  
The Other ◽  
Present System ◽  
Productive Capacity ◽  
British Government ◽  
National Currencies ◽  
The Government ◽  
Do So

If there were no external payments problem, the British Government could safely encourage a considerably faster rate of domestic economic expansion than in fact seems likely during 1961. It could do so without straining the productive capacity of the economy and without causing any more rapid increase in prices than is likely to occur in any case. Yet, because of the desire to reduce the risks to the international position of sterling, it is probable that the Government will once again consider it impossible to encourage economic growth.The most important policy questions for 1961 are to ask what action the Government can take to solve two fundamental and closely related problems. One is that of the underlying disequilibrium in the British payments position; the other is that of the difficulties caused both to Britain and to the United States by the present system for settling international payments, involving the international use of the national currencies of these two countries.

The Record of Economic Growth, Business Cycles, and Economic Policies in American Economic History

2018 ◽  
pp. 224-257
Author(s):  
Lee Ohanian
Keyword(s):  
Economic Growth ◽  
World War Ii ◽  
Business Cycles ◽  
Economic Activity ◽  
Economic History ◽  
Developed Countries ◽  
The United States ◽  
Policy Changes ◽  
Regulatory Policies ◽  
Long Run

This chapter documents and analyzes the American historical economic record of growth and business cycles within the context of long-run and short-run economic policy changes. The United States is unique among all of the developed countries in terms of having a sustained and fairly stable record of economic growth. Given the large changes in various policies that have occurred over time, this record suggests that policy shifts have had almost no impact on the growth rate over the very long run. However, policy changes have had a significant impact on economic activity over shorter horizons, including the Great Depression and World War II. This chapter also argues that microeconomic policies, such as regulatory policies, tax policies, and labor policies, have had as much of an impact on aggregate economic activity as macroeconomic policies, such as monetary policy and government spending and transfer policies

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