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Economic Stagnation in the United States: Underlying Causes and Global Consequences

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  • Robert A. Blecker

Abstract

The theme of this book is to analyze whether and how it would be possible for Brazil to double its per capita income in 15 years. The most important determinants of whether Brazil can accelerate its growth sufficiently to achieve such an ambitious goal will undoubtedly be domestic in nature. National policies, institutions, and capabilities are the most important factors in influencing whether a country like Brazil will unleash its economic potential or grow at disappointing rates. Nevertheless, the global economic environment will also be an important factor in either facilitating or constraining the achievement of more rapid growth in Brazil, especially if—as seems likely—exports would be a key component of a new growth strategy.

Suggested Citation

  • Robert A. Blecker, 2013. "Economic Stagnation in the United States: Underlying Causes and Global Consequences," Working Papers 2013-16, American University, Department of Economics.
    • Handle: RePEc:amu:wpaper:2013-16
    DOI: 10.17606/8cpn-7p82
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    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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