haku: @author Minford, P. / yhteensä: 18
viite: 5 / 18
| Tekijä: | Minford, P. |
| Otsikko: | Emerging markets will curb OECD's growth. |
| Lehti: | Economic Affairs
1993 : NOV-DEC, VOL. 14:1, p. 24-27 |
| Asiasana: | COMPETITIVENESS INTEREST RATES INFLATION ECONOMIC GROWTH |
| Kieli: | eng |
| Tiivistelmä: | World-wide industrial competition means tougher times for all OECD countries. Competition is growing inexorably and increasingly rapidly for the products in which the OECD countries have had a commanding lead - manufacturing and other sophisticated industrial products. The author discusses the increasing competitiveness of non-OECD countries. He argues that Britain is in a better position to face such competition than some other industrial countries and sees little risk in cutting interest rates. Britain must continue its supply-side policies, with low taxes and public spending, and low real interest rates. |
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