Emerging economies are experiencing a prolonged productivity slowdown
They seem doomed to lag behind rich countries for longer than had been hoped
HOW DO MODERN innovations stack up with those of the past? Some economists, such as Robert Gordon of Northwestern University, argue that driverless cars, 3D printers and so on pale into insignificance compared with the fruits of previous industrial revolutions, such as mass production (see Free exchange). That, they think, explains a prolonged productivity slowdown in America and other rich economies that the financial crisis deepened.
This article appeared in the Finance & economics section of the print edition under the headline “Not just a first-world problem”
Finance & economics January 18th 2020
- Emerging economies are experiencing a prolonged productivity slowdown
- What the semiconductor industry tells us about the world economy
- Oil markets shrug off tension in the Middle East
- BlackRock says it wants to do more for the climate
- The new US-China trade deal marks an uneasy truce
- Economists explore the consequences of steering technological progress
From the January 18th 2020 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Can anything spark Europe’s economy back to life?
Mario Draghi, the continent’s unofficial chief technocrat, has a plan
Has social media broken the stockmarket?
That is the contention of Cliff Asness, one of the great quant investors
American office delinquencies are shooting up
How worried should investors be?
China is suffering from a crisis of confidence
Can anything perk up its economy?
America has a huge deficit. Which candidate would make it worse?
Enough policies have been proposed to make a call
Why Oasis fans should welcome price-gouging
There are worse things in life than paying a fair price