Book Description

In this timely book Gregory Tassey analyzes the assets and government policies that affect and enhance the technology-based economy. Tassey makes the case for a comprehensive technology-based economic growth strategy needed to respond to multi-asset growth strategies being implemented in Europe and Asia. This insightful book examines the need for a new and broader set of economic policies to end four decades of declining GDP growth, persistent trade deficits, stagnant incomes, and socially disruptive income inequality in the US. Tassey proposes a technology element model which characterizes and assesses the four major asset categories that must comprise emerging technology-based growth policies: investment in research and development, capital formation, skilled labor, and complex technical infrastructures. He emphasizes a range of existing and proposed growth policies that currently or potentially support the rapidly expanding technology-based economy, exploring their management and implications for regional and national government growth policies. These constructs are then integrated into crucial recommendations for supporting emerging policy trends. Growth Policies for the High-Tech Economy is a key read for students, government policy analysts and scholars of economics, industrial organization, innovation policy and finance. Most important, it is also a vital resource for government analysts and industry managers lobbying for innovative policy changes.