The world economy is currently stuck in a 'long wave' downswing, due largely to the mismatch of a new technological 'style' with established institutions. The article sketches the effects on the level and pattern of employment and discusses the reforms which will be needed to escape from the downswing.
机构:
Coll Carlo Alberto, Natl Res Council Italy, CERIS CNR, Inst Econ Res Firm & Growth, I-10024 Moncalieri, Torino, ItalyColl Carlo Alberto, Natl Res Council Italy, CERIS CNR, Inst Econ Res Firm & Growth, I-10024 Moncalieri, Torino, Italy