Can the industrial countries return to rapid growth?

Abstract

This paper presents the discussions that took place at a seminar about the major global economic issues in the context of the long-term prospects for the industrial economies. Most participants agreed that growth rates are not likely to return to well over 2.5 percent in the medium run - unless some policy yet to be defined emerges - and that this slow down will particularly hurt developing countries. The meeting ended with a concensus that something must be done to stabilize exchange rates.Environmental Economics&Policies,Achieving Shared Growth,General Technology,Information Technology,Economic Growth