Understanding the Great Changes in the World: Gaining Ground and Losing Ground since World War II

Edmund Phelps

Chapter 4 in Institutional Change and Economic Behaviour, 2008, pp 77-98 from Palgrave Macmillan

Abstract: Abstract The composer Richard Strauss would warn his conducting students ‘never look at the brass — it will only encourage them’. I am afraid that the subject the organizers have looked to me to speak about — Understanding the Great Changes of the World — has given me dangerous encouragement: I have responded by analysing the great tectonic shifts in the global economy that I have witnessed and thought about since I began studying economics.

Keywords: Foreign Direct Investment; Corporate Governance; Unemployment Rate; Productivity Growth; Real Interest Rate (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230583429_4

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