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Vikrantsays
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Continuous progress in technology is the only thing that keeps America ahead of other countries inspite of the recession and mounting debt due to war and financial crisis. But how is investing in clean energy helps? I am a little confused here you may want to substantiate the article a little.
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Industrial policy goes mainstream
Brookings and AEI will jointly release a proposal today that advocates as much as $25 billion spending by the U.S. federal government on clean energies. The motivation, as described in the NYT story, is that cap-and-trade provides inadequate incentives for firms to invest in new technologies, a...
hmm well it makes sense what krugman says. with the US economy in recession partly due to global financial crisis and then due to billions spent on war, we need to ensure that we are not leaving any opportunity for generating extra revenue via trade to other countries. it might drive prices locally but keeping trade globalized is a good strategy for long term.
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Sensible words from Paul Krugman
Paul Krugman tries to locate a sensible middle ground between anti-globalists and knee-jerk free traders: Those who think that globalization is always and everywhere a bad thing are wrong. On the contrary, keeping world markets relatively open is crucial to the hopes of billions of people. But ...
I was indeed surprised that you picked this as the best answer. But when i thought about it more ATM's really did changed the world in a very big way.
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In praise of the ATM
A while back, I asked about concrete examples of financial innovation that had made a real difference--a positive one!--to our lives. Paul Volcker has come up with the best answer I have yet heard, but it is not quite what you may have thought: Volcker .. mocked the argument that "financial in...
In the last paragraph, you mentioned just as economist are capable of improving market institutions they should play a role in improving the government institutions too. In an ideal world, this would be a dream scenario but unfortunately too many external and internal pressures causes government to loose it's way. So much so that a president like obama from which everyone had high hopes appears to be struggling every single day he remains in the white house. I believe if the government is able to achieve even 50% of what it promised in all sectors like industrial growth, education, employment etc then one should term it a very good government.
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Should industrial policy be fit for polite company?
You read the title, and you say "here he goes again." OK, I admit it. I have been a bit obsessed with industrial policy lately. But there is a reason. I have been writing another paper on the subject, as an input to the work of the World Bank's Commission on Growth and Development. The Commissio...
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Jun 29, 2011
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