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The New England Roller Coaster : Lessons for The United States in The 1990s
Oleh:
Seitchik, Adam D.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 27 no. 2 (1992)
,
page 46-49.
Topik:
united states
;
new england roller coster
;
united states
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
In spite of the abrupt fall into a deep and persistent regional contraction in 1989, the nation could learn much from the new england experience. Incomes and employment / population ratios in new england remain well ahead of national averages. Like the new england of the 1980 s, the united states is currently in the mist of a significant export boom. Also, coming out of the 1990 - 91 recession the nation is faced with labor supply constraints that were central to new england's perforance in the recent past. On balance, these forces should be positive for the national outlook. A plausible scenario for the nation as it emerges from the recession is strong growth in per capita GNP, fueled by slow population growth and an export boom. Moreover, fiscal and monetary tools are available at the national level to moderate the business cycle extremes that have been the result of laissez - faire regional macro economic policies.
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