DETERMINANTS OF U.S. ECONOMIC RESILIENCE AS A COMPONENT OF SOCIO-ECONOMIC SECURITY
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DETERMINANTS OF U.S. ECONOMIC RESILIENCE AS A COMPONENT OF SOCIO-ECONOMIC SECURITY
Annotation
PII
S268667300000616-7-1
Publication type
Article
Status
Published
Authors
Edition
Pages
88-100
Abstract
The paper deals with the notion of resilience of a country's economy. Taking U.S. economy as an example, we point out three factors that contribute to the reduction in its resilience: lower political adaptability, lack of progress in vertical mobility of the population, and narrowing of the economic middle class. We find that innovative activity in the U.S. is increasing which contradicts pessimistic conclusions made in earlier papers by several American researchers. However, this trend is concentrated in a few industries which are currently booming and is not supported by long-term public R&D investment.
Keywords
economic security, resilience, innovation, technical progress
Date of publication
09.02.2016
Number of purchasers
0
Views
739
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