After increasing rapidly for most of the post-war period, productivity growth slowed drastically in the US, and to a lesser extent in all the other major industrialized nations after 1973. The differences in productivity growth affect the relative performance of countries in the international market. The contributors to this book discuss a range of issues organized in four parts: global perspectives; comparative studies of market economies; US international competitiveness; and studies of Japan, West Germany, and China.

After increasing rapidly for most of the post-war period, productivity growth slowed drastically in the US, and to a lesser extent in all the other major industrialized nations after 1973. The differences in productivity growth affect the relative performance of countries in the international market. The contributors to this book discuss a range of issues organized in four parts: global perspectives; comparative studies of market economies; US international competitiveness; and studies of Japan, West Germany, and China.

After increasing rapidly for most of the post-war period, productivity growth slowed drastically in the US, and to a lesser extent in all the other major industrialized nations after 1973. The differences in productivity growth affect the relative performance of countries in the international market. The contributors to this book discuss a range of issues organized in four parts: global perspectives; comparative studies of market economies; US international competitiveness; and studies of Japan, West Germany, and China.