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| Author: | Prowse, M. |
| Title: | Is America in decline? |
| Journal: | Harvard Business Review
1992 : JUL-AUG, VOL. 70:4, p. 34-37, 40-42, 45 |
| Index terms: | ECONOMIC EFFICIENCY USA ECONOMIC ANALYSIS ECONOMIC PERFORMANCE |
| Language: | eng |
| Abstract: | To many, "Is America in decline?" is no longer a question but a statemant of fact. "Declinism" is the idea that something is fundamentally wrong with the USA economy, and until it is fixed, America will continue its slide off its foundation as world leader. It is shown that the problem may be viewed in a different way: 1. The real issue isn't decline so much as increased equality among advanced industrial nations; 2. The real issue isn't decline so much as increased social inequality at home; 3. The real challenge facing American society is not reversing economic decline, it is addressing the social implications of the new economy. It is argued that reforming education is the first step in reforging America's unique social compact. |
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