This book is the study of two major economic puzzles emerged in the beginning of 21st century. The first puzzle is the productivity growth slowdown in the United States and Europe while the second puzzle is the fast economic growth of China and other emerging economies. The productivity slowdown in the advanced countries and fast economic growth in the emerging economies have far-reaching effects on the living standard of their people.In the advanced countries people are facing miseries of unemployment, income inequality, rising debt and falling per capita income while in the emerging...
This book is the study of two major economic puzzles emerged in the beginning of 21st century. The first puzzle is the productivity growth slowdown i...
