Low growth has become the economic default in the West. While China
and other Asian Tigers continue to steam ahead, western commentators
either argue that stagnation is inevitable, ignoring growth in order
to focus on other factors such as inflation or inequality, or disclaim
growth altogether.
In _Why the West is Failing_, veteran businessman and economist John
Mills strongly refutes these arguments. He maintains that the anaemic
performance of western economies since the 1970s is due to
the dominance of a policy framework that has fatally ignored the
importance of industrial competitiveness. He shows that the key to
driving up productivity - and thereby growth - is to promote a revival
of manufacturing through investment and a competitive exchange rate
policy. This would produce the extra resources needed to tackle
climate change and reduce the risk of western politics continuing to
spiral towards populist excess. It would also allow us to impede the
baleful political consequences of Chinese economic domination.
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Failed Economics and the Rise of the East
Produktdetaljer
ISBN
9781509551958
Publisert
2022
Utgave
1. utgave
Utgiver
Polity
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter