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The New American Evolution

Chapter

Abstract

A quiet evolution has revolutionized the American economy. At the time of the 1992 presidential election one of the main issues in the public debate was competitiveness. A common perception was that U.S. industry was losing the global economic race and that if government didn’t respond, living standards would suffer. In that recession year, Under-Secretary of Commerce Jeffrey E. Garten summed up the conventional economic thinking about our state of affairs (1992, p. 221): “Relative to Japan and Germany, our economic prospects are poor and our political influence is waning. Their economic underpinnings — trends in investment, productivity, market share in high technology, education, and training — are stronger. Their banks and industry are in better shape; their social problems are far less severe than ours” (see also 60Tyson, 1992;57Thurow, 1992).

Keywords

Small Business Small Firm Large Firm Firm Startup Small Business Economic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1999

Authors and Affiliations

  1. 1.U.S. Burean of the Census and University of BaltimoreBaltimoreUSA

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