As state and local governments struggle with budget shortfalls across the board, policymakers have begun to question the wisdom of offering large tax breaks to corporations as the primary means of incentivizing economic investment. In Investing in Kids, Timothy J. Bartik says that in order to bolster local and regional economic development efforts and boost the earnings potential of a communitys local workforce, officials should also consider an effective public investment strategy that is grounded in early childhood education.
Proposal will spawn 1 million jobs at a cost of $30,000 per job created, according to jobs expert Timothy J. Bartik.
Michigan's MEGA tax credit program has yielded considerable job creation for the state, at a reasonable cost per job created, say Upjohn Institute researchers Timothy J. Bartik and George Erickcek in a study released today.
William Kern, Western Michigan University, Editor
This book presents a noted group of contributors who stand at the forefront of this increasingly important subdiscipline of economicsthe economics of disasters. The chapters they contribute cover a wide variety of events and delve into the human and economic impacts disasters impose on nations around the world.
The International Schumpeter Society has just named William Lazonick's Sustainable Prosperity in the New Economy the winner of its 2010 Prize Competition. The book explores the origins of the new era of employment insecurity and income inequality, and considers what governments, businesses, and individuals can do to correct these inequities. Lazonick also asks whether the United States can refashion its high-tech business model to generate stable and equitable economic growth.
Sisay Asefa, Western Michigan University, Editor
Globalization impacts the worlds nations in a variety of ways. Among the most important of these impacts is the effect it has on poverty. Despite great advances allowing nearly instantaneous flows of data and telecommunications, and the fact that, for some, globalization serves as a means for obtaining freedom, wealth, and prosperity, disproportionate international distributions of wealth and income remains a serious and potentially unsettling social issue.
It is commonly believed that low-cost imports from China and other emerging economies have resulted in large-scale job losses in this country, particularly in the trade-sensitive manufacturing sector. Yet such effects are far from evident in the official data, leading many analysts to conclude that any adverse impact of trade on employment has been minor. A new report to Congress was motivated by concerns that the impact of imports on the U.S. economy and its workers is understated because of shortcomings in economic statistics.