Beyond the Business Cycle: The Need for a Technology-Based Growth Strategy1
Gregory C. Tassey
The onset of globalization leaves the competing nations of the world with two rather stark choices: (1) accept lower wages in order to compete in global markets, or (2) invest in productivity enhancing assets to enable dominance in enough high valued-added markets to lift real incomes. Almost no one would opt for the first policy option. However, the choice of economic growth policies to achieve the second option is extremely varied across the worlds economies.
Beyond the Business Cycle: The Need for a Technology-Based Growth Strategy1, NIST Website, [online], https://tsapps.nist.gov/publication/get_pdf.cfm?pub_id=913776
(Accessed September 22, 2021)