ERIC Number: ED237678
Record Type: Non-Journal
Publication Date: 1983-Aug
Reference Count: N/A
Governors and New Economic Challenges. A Background Paper.
National Governors' Association, Washington, DC.
Since World War II, the American economy has consistently grown. However, this economic growth has been less impressive in the past 10 years, and some significant problems have developed. These include slowed economic growth, high inflation, and high unemployment. Among the major interrelated causes of these problems have been international competition, high interest rates, low savings and investment rates, and growing federal deficits. Three factors--price stability, technological capacity, and changes in the composition of the work force--suggest the potential exists to make the 1980s a period of more rapid economic growth than the 1970s. Federal policies should provide a reasonable and stable framework for private economic activity through monetary and fiscal policies. The federal government also must handle various international trade problems and stimulate research and development. The state role in stimulating economic growth and productivity encompasses activities in such areas as basic education, higher education, employment and training, transportation, other infrastructure, private-public cooperation, state business assistance policies, regulatory reform, and export promotion. (YLB)
Publication Type: Reports - General
Education Level: N/A
Authoring Institution: National Governors' Association, Washington, DC.