News

The 2012 State New Economy Index

For the United States to be competitive, one key will be to compete more on the basis of innovation and entrepreneurship, and less on cost.

More than three years on from the end of the Great Recession, only six states have regained employment levels enjoyed prior to the recession, and 17 states are still more than 5 percent below their pre-recession employment levels. As many state economies continue to struggle through the lingering effects of the Great Recession, a question commonly asked is, "What is this seemingly invisible force that prevents the economy from returning to prerecession and especially 1990s growth rates?"

In other words, why is it that, despite massive monetary and fiscal stimulus, employment seems locked in a persistent malaise?

For the United States to be competitive, one key will be to compete more on the basis of innovation and entrepreneurship, and less on cost.

Robert D. Atkinson
and Luke A. Stewart

Full Report: http://itif.org/publications/2012-state-new-economy-index

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.