Donnerstag, 31. Juli 2014

Overwhelming Evidence Part 3

The Lack of Major Wars May Be Hurting Economic Growth:

The continuing slowness of economic growth in high-income economies has prompted soul-searching among economists. They have looked to weak demand, rising inequality, Chinese competition, over-regulation, inadequate infrastructure and an exhaustion of new technological ideas as possible culprits.
An additional explanation of slow growth is now receiving attention, however. It is the persistence and expectation of peace.

Sapere Aude!

Georg Trappe

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