The Rising Tide
As one of the hottest items on the national agenda, the issue of economic growth has engaged many of the leading minds of the business and economics communities. No national economic goal, if achieved, can do more to increase the wealth and living standards of the American citizen. Now, in this singular collection of essays, Jerry Jasinowski, President of the National Association of Manufacturers, brings together a select group of esteemed experts to share their views and shed new light on an important--and highly charged--topic: how business and industry can support a model for greater economic growth. Featuring contributions from a who's who of chief economists, policymakers, corporate executives, and academics, The Rising Tide dives into the growth debate with one message: higher growth rates are not only good and necessary, but possible, and the private sector--not the government--should set the parameters for growth. To illustrate and support this perspective, such influential figures as Jack Kemp, Felix Rohatyn, Dana Mead, Audrey Freedman, James Tobin, Robert Eisner, José Piñera, Robert Lutz, Rosabeth Moss Kanter, Marina Whitman, Dale Jorgenson, Jeffrey Sachs, and Michael Boskin explore the thinking, methods, and mechanisms that can link growth in industry to widespread growth in the economy. With eye-opening and thought-provoking pieces on everything from trade, taxes, and the prime interest rate to minimum wage, global markets, and corporate incentives, the eloquent voices that fill this landmark volume challenge the way we think about the issue, and prescribe numerous strategies by which greater growth may be achieved. In "The Economic Growth Imperative," Jack Kemp cites governmental interference and misinformed conventional wisdom as key factors limiting America's prosperity. He argues that these limits are policy-induced, and recommends specific policy changes that would effectively raise the ceiling on growth. Nobel laureates James Tobin and Lawrence Klein discuss how America can grow faster, particularly when certain impediments are removed to allow the economy to reach its full potential. Harvard economist Rosabeth Moss Kanter, CEO William Hudson, and others delineate the ways companies, both large and small, have contributed greatly to economic growth by dramatically increasing productivity. Robert Lutz, Robert Shapiro, Anthony Carnevale, and Audrey Freedman each describe the role of the workforce in fueling growth, while Michael Boskin and Frank Lichtenberg explain how technology continues to be a major contributor to economic growth. Trade and global competition are the focus of important pieces by Jeffrey Sachs and Marina Whitman. The concluding group of essays, "Government Can Boost Growth," describes a number of fiscal and monetary policies the government can institute to support the efforts of the private sector in promoting greater economic growth. Stimulating, provocative, and unquestionably authoritative, The Rising Tide is must reading for senior-level executives, policymakers, analysts, and anyone interested in our nation's prosperity. The Rising Tide brings together the best minds in business and economics to explore the future of America's economic growth. With contributions from such influential leaders and thinkers as Jack Kemp, Felix Rohatyn, Dana Mead, Audrey Freedman, James Tobin, Robert Eisner, José Piñera, Robert Lutz, Rosabeth Moss Kanter, Marina Whitman, Dale Jorgenson, Jeffrey Sachs, and Michael Boskin, The Rising Tide offers a variety of authoritative, thought-provoking perspectives on one of the burning issues of the day. "Reading these scholarly essays is not enough. They spark heightened expectation for much higher growth--systematically prescribing understandable, practical means to rewardingly outdo ourselves. Now, we must do it."--Robert W. Galvin Chairman of the Executive Committee Motorola Inc.