In this book, Davide Gualerzi employs the concept of transformational growth to explore the investment-driven cycle of expansion of the 1990s in the US economy, and of the of role played by the ICT sector. The book articulates a view of demand-led growth in which the focus is on effective demand, the composition of the growth process and the link between changing composition and expansion.Consumption was fueled by the wealth effect generated in the stock market and, we should add, in the real-estate market. ... But consumption spending did not collapse after the stock market crash. ... We would argue that underlying the strength of the factors that constitute the bulk of Pollina#39;s interpretation (2003), is a stronganbsp;...
|Title||:||The Coming of Age of Information Technologies and the Path of Transformational Growth.|
|Publisher||:||Routledge - 2009-10-16|