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Description
Explores economic theories to attempt to explain why some countries are richer than others. Argues that most differences are the result of country-specific policies which result in constraints on work practices and on the application of better production methods at the plant level. Such barriers imply differences in total factor productivity (TFP) at the aggregate level, suggesting that differences in international incomes are the result of differences...
Author
Description
The global economy is the leitmotif of the end of the twentieth century. Driven by the logic of modern capitalism, the global economy, a product of the Third Industrial Revolution, is a wondrous free-running system that is reordering the world as it transforms the lives and economic prospects of workers, corporations and nations. Having traveled the globe and talked to factory workers, corporate CEOs, economists and government officials, Greider contends...
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