Skip to main content
U.S. flag

An official website of the United States government

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Beyond the Business Cycle: The Need for a Technology-Based Growth Strategy1

Published

Author(s)

Gregory C. Tassey

Abstract

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 world’s economies.
Citation
NIST Website
Volume
13
Issue
4

Keywords

federal, technology-based, technology, economic

Citation

Tassey, G. (2013), 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)
Created May 22, 2013, Updated February 19, 2017