Explains how one simple educational reform can help address America's political divide and at the same time help ensure that today's young people will actually enjoy learning, and thus will have the necessary skills to lead productive and economically rewarding lives.
When it came into force in 1994, the North American Free Trade Agreement (NAFTA) joined the economic futures of Canada, Mexico, and the United States, with systematic rules governing trade and investment, dispute resolution, and economic relations.
In this important book, three prominent economists propose that there are different varieties of capitalism in the world today--some good for economic growth, others decidedly bad. Writing in an accessible style, William J. Baumol, Robert E. Litan, and Carl J. Schramm documentfour different varieties of capitalism and identify the conditions that characterize Good Capitalism--the right blend of entrepreneurial and established firms, which can vary among countries--as well as the features of Bad Capitalism. They examine how countries catching up to the United States can move faster toward the economic frontier, while laying out the need for the United States itself to stick to and reinforce the recipe for growth that has enabled it to be the leading economic force in the world. This pathbreaking book is a must read for anyone who cares about global growth and how to ensure America's economic future.
The book explores the evolution of the American financial landscape over the past thirty years, highlighting the shift from a heavily regulated environment to one characterized by numerous investment and borrowing options. It discusses the transition from cash transactions to digital payments and the global, high-tech nature of modern finance. Originally a report to Congress, it proposes a policy framework based on three key principles: enhancing competition, managing failures in a competitive market, and favoring targeted interventions over broad regulations.
Founded in 1948 amid bloodshed and the near devastation of the Jewish people after the Holocaust, modern Israel is something of a miracle. In a little more than fifty years of existence, the country has evolved into a significant economic and military power, both feared and resented by its Arab neighbors in the volatile Middle East.