Word: growth
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...panel of leading authorities on Chinese food policy concluded last night that China's plans to increase its annual agricultural growth rate to 4 per cent by the year 2000 are impractical...
Perkins discussed the recent change in emphasis of Chinese domestic policy from redistribution of income to economic development. The major problem the Chinese face now is keeping agricultural growth in pace with rapid industrial development, he said...
Jerry had a line to deliver, which he did, in answer to each question posed him--the problem with America, he said, is that we are losing our "productive might" and the "technological advancement" which has characterized the economic growth of the past fifty years. Our inability to face this issue is reminiscent of the decline of other empires in history, he said. The solution is fiscal responsibility, which will induce investment and further technological progress. It will also make possible a continuation of social programs. The Governor revered the memory of Kennedy (John, that is) by stating his belief...
...there any empirical or historical evidence proving the "crowding out" theory of Milton Friedman. In fact, the historical experience of pre-war Japan, where rapid growth was accompanied by far greater deficits for defense purposes, shows that sufficient capital, foreign or domestic, will be available where the opportunity is great. There are billions of oil dollars in European banks eagerly seeking investment opportunity, and with the declining value of the dollar, they can be invested nowhere more profitably than in the United States. As any real estate broker could tell you, to some extent they are. Nevertheless, the second greatest...
Brown is right on one count--technological progress, leading to increased productivity of labor, is the main source of growth in per capita income (as well as sectoral unemployment). But the only governmental remedy to America's declining rate of technological change would be to spend more, not less; to subsidize the turnover of older, less world-competitive industries that can still operate profitably in the protected domestic market, like steel, or to encourage research and innovation. NASA is a prime example of an effective technology-producing government agency that is highly susceptible to budget-slashing...