Thursday, June 20, 2019
Limits to the U.S. long-term economic growth ( Essay
Limits to the U.S. long-term economic growth ( - Essay Exampleic growth in the U.S in that, the in advance(p) global economy is depended upon other countries and therefore a financial crisis in one country is reflected in all other countries.Notably, poor governance and decadence has been described by researchers as the greatest vice inhibiting the economic growth in the U.S. Moreover, the decline in population resulting from aging or migration has negatively touch on the economic growth. Economic sustainability requires improvements in productivity and variations therefore, inadequate investment in human capital is a factor limiting the economic growth in the U.S. Studies have also depicted that, US has too many resources that are never exploited fully and therefore they fail to develop as judge (Jorgenson, Fraumeni, & Gollop 2004).The US presidential term should step in with effective strategies that are going to counter the constraints of her economic growth. The future grow th in U.S is facing a little terror from infrastructure weaknesses within some of its cities, for example, Los Angeles. The government will need to abruptly spend more on infrastructure so as to deal with the consequences of declining economy. In addition, the US government needs to invest in insurance companies so that external shocks will never affect the economy of the country (Jorgenson, Fraumeni, & Gollop 2004). An effective heavy framework will be able to curb the corruption and poor governance vice. Therefore, private property protection via legal frameworks will facilitate innovation and development within US. High level skills are required for economic growth. The government should provide incentives and employment opportunities to its professional citizens otherwise, they will migrate to other countries for such priorities (Vatter & Walker 2006).It is an absolute good idea that the US governments efforts are required in the promotion of economic growth. This is because of the diverse areas in which the government should play some very critical roles.
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