Sunday, June 5, 2016

Nouriel Roubini warns that advanced economies can either boost potential growth or face harsh consequences.

Since the global financial crisis erupted in 2008, productivity growth in the advanced economies – the United States, Europe, and Japan – has been very slow both in absolute terms and relative to previous decades. But this is at odds with the view, prevailing in Silicon Valley and other global technology hubs, that we are entering a new golden era of innovation, which will radically increase productivity growth and improve the way we live and work. So why haven’t those gains appeared, and what might happen if they don’t? https://www.project-syndicate.org/commentary/productivity-paradox-explanations-populism-by-nouriel-roubini-2016-06?utm_source=Project+Syndicate+Newsletter&utm_campaign=aba2f915c6-Generation_Jobless_OP_6_5_2016&utm_medium=email&utm_term=0_73bad5b7d8-aba2f915c6-93854061

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