What Will Become of America’s Economy? May 18, 1999.

9
What Will Become of America’s Economy? May 18, 1999

Transcript of What Will Become of America’s Economy? May 18, 1999.

Page 1: What Will Become of America’s Economy? May 18, 1999.

What Will Become of America’s Economy?

May 18, 1999

Page 2: What Will Become of America’s Economy? May 18, 1999.

The Global Economy is Real

Economic RennaissanceUS Productivity and ServicesChange, Change and More ChangeEducation Haves and Have-NotChange Means Growth

Page 3: What Will Become of America’s Economy? May 18, 1999.

The Global Economy is Largely a Myth

What is the global economy?Information flow in the global economyThe global competition mythEvolution of the global economyGlobalization of CorporationsCaution for Businesses

Page 4: What Will Become of America’s Economy? May 18, 1999.

Entitlement Programs are Sustainable

Defining Entitlements > The US is obligated to make payments to certain individuals who meet legal requirements.

Social Security SolvencyContributions and Benefits

Page 5: What Will Become of America’s Economy? May 18, 1999.

Entitlement Programs are not Sustainable

Government Action Now!

Demographic ChangesRestoring Balance

Page 6: What Will Become of America’s Economy? May 18, 1999.

America Needs an Industrial Policy

Re-structuring the EconomyTrading Places

Page 7: What Will Become of America’s Economy? May 18, 1999.

America Does Not Need an Industrial Policy

The popular fable of MITIFollies of Japan’s MinistriesPrivatization and Deregulation

Page 8: What Will Become of America’s Economy? May 18, 1999.

America’s Economy May Become Intensely Regulated

Beyond Our MeansHyperinflation ScenarioDeflation ScenarioCompounding DebtGovernment Regulation ScenarioAn Uncheerful ProspectThe Keys to Success

Page 9: What Will Become of America’s Economy? May 18, 1999.

Economic Scenarios: From Boom to Collapse

Boom Times : Up, Up and Away Consumer SpendingSteady Growth A Stagnant EconomyTaxes and Regulation An Economic Nightmare The Income Gap