US dual-speed economy remains a risks to private credit markets
US dual-speed economy remains a risks to private credit markets
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US dual-speed economy remains a risks to private credit markets
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US dual-speed economy remains a risks to private credit markets
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“Dual Economy” models were developed to explain growth in the developing world. Now they appear necessary to comprehend the high income trap that afflicts the world’s most developed economies. Marcella Corsi, Guy Standing, Peter Temin, Shannon Monnat, Servaas Storm & Thomas Ferguson discuss. Download the papers and presentations at: ineteconomics.org/conference-session/growth-of-dual-economy | Institute for New Economic Thinking
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MIT’s Professor Peter Temin, addressing the Institute’s economics of race conference, sees the US economy as bifurcated along lines analogous to the situation described in developing world economies by W. Arthur Lewis. Access to education is the key to social mobility into the high-tech sector, but plutocratic public policy is choking off desperately needed investment in public education. | Institute for New Economic Thinking
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