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8 verk 233 medlemmar 2 recensioner

Om författaren

Carl J. Schramm is University Professor at Syracuse and has taught at Johns Hopkins, MIT, and UC Davis. For ten years he was president of the Ewing Marion Kauffman Foundation. He started Global Entrepreneurship Week, now celebrated in 170 countries and was a member of the President's National visa mer Advisory Council on Innovation and Entrepreneurship. Mr. Schramm lives in New York and Florida. visa färre

Inkluderar namnet: Carl J. Schrarmn

Verk av Carl J. Schramm

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A pleasant enough book on an ever popular topic, which in India is well known as the liberalisation of the economy. As can be expected from Baumol, who is a master producer of popular texts, the subject is dealt with in an easy, direct manner, with no evidence of brow-beating or impressing with their learning. Also as can be expected, the authors heartly endorse free trade, open borders, foreign direct investment, taking advantage of the principle of relative advantage, and so on. The text provides useful references to the so-called Washington Consensus for developing and newly liberated economies, the conditions attached to IMF assistance, and so on. Of course, the book (published 2007) seems somewhat dated, in the aftermath of the severe stock market crash of 2008, the bank collapses, the growing suspicion of what is perceived as the aggressive postures of an invigorated Chinese economy, and now the debacle of Ukraine. So while the book is a pleasant read, there is no need to accept everything it recommends; strategic needs, national security, and other practical considerations must obviously be always kept in view. The authors' main thesis is that growth is economic essential, and can be attained only through doing new things and new technology, which can only be achieved by private entrepreneurs. Policies must, therefore, be tailored to encourage and support such entities, and the democracy-based free market is the only pathway to such a situation.… (mer)
 
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Dilip-Kumar | 1 annan recension | Aug 24, 2023 |
They say redistribution for the purpose of reducing inequality is bad for growth. The more standard theory is that reducing inequality is good for growth because lower income persons spend a larger fraction of income, sooner.
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johnclaydon | 1 annan recension | Oct 28, 2021 |

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Statistik

Verk
8
Medlemmar
233
Popularitet
#96,932
Betyg
2.8
Recensioner
2
ISBN
17

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