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Thursday, 13th October 2011

The Way Forward: Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness

Source: New America Foundation

From the publication web page:

The questions now urgently before us, then, are these:  First, why have the policies attempted thus far fallen so far short?  And second, what should we be doing instead?

Answering these questions correctly, we believe, requires a more thorough understanding of the present crisis itself – its causes, its character, and its full consequences.  Regrettably, in our view, there seems to be a pronounced tendency on the part of most policymakers worldwide to view the current situation as, substantially, no more than an extreme business cyclical decline. From such declines, of course, robust cyclical recoveries can reasonably be anticipated to follow in relatively short order, as previous excesses are worked off and supply and demand find their way back into balance. And such expectations, in turn, tend to be viewed as justifying merely modest policy measures.

Yet as we shall show in what follows, this is not an ordinary business cycle downturn.

+ Link to full report (PDF; 1.68 MB)


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Peggy Garvin, of Garvin Information Consulting, is the author of United States Government Internet Directory (Bernan Press) and Real World Research Skills, 2009 (TheCapitol.Net). In her 20 years in the information business, Peggy has managed electronic information products and services in a variety of environments, including commercial publishing, e-commerce, law firms, and the Congressional Research Service of the Library of Congress. Peggy's work has been recognized with the 2011 SLA Dow Jones Leadership Award. She has a Masters of Library Science degree from Syracuse University School of Information Studies.

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