 Leaner FuturesIan Chaston Chapter 15 in Entrepreneurship and Innovation During Austerity, 2013, pp 241-258 from Palgrave Macmillan Abstract: Abstract Over the last two decades the poor economic performance of many Western nations has already resulted in people facing a decline in average disposable income and a consequent reduction in their standard of living. In the UK and the USA the global financial crisis impacted house prices leading to a further reduction in personal wealth by over $700 billion and $9 trillion respectively (Anon, 2012a). Even more pain can be expected in the future as governments seek ways of reducing excessive public sector deficits. Activities associated with rebuilding national balance sheets will result in many people having to pay more taxes and concurrently self fund services which in the past were available through a now rapidly contracting welfare state. Ultimately a nation’s economic revival is determined by the export performance, which in turn increases the spending power of the populations. Unfortunately few Western nations can expect any near-term significant growth in total exports. This is because any gains in sales to the emerging nations will be offset by poorer demand in domestic markets and overseas markets in Europe and North America. Keywords: Wind Turbine; Wind Farm; Radical Innovation; Western Nation; Private Label (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32443-6_15 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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