The U.S. Economy 2009 Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

For 200 years, there were significant differences between the regions the U.S. in per capita income and economic growth. Each region has a specific set of economic activity and, in the main level, the differences in regional economic performance was due to the differences in the structure of the economy. Individual states had periods of expansion and contraction as the main activity of the dominant economy expanded and contracted. These changes have led to a significant migration of people and businesses across regions and a gradual narrowing since 1930, regional differences. From 1990 to 2007, the United States experienced a remarkable economic success. Many analysts have suggested that this economic success is based on consistently high productivity growth. Public philosophy supported low taxes and low government spending on health, education and social security, with a heavy reliance on the need to thrive in their own. In the second half of the 20th century, developed a general recognition that knowledge has a large impact on economic growth, and more intense international competition based on knowledge and innovation. Every nation, like every region in the country has a distinct "innovation system". At the forefront was the United States. By the autumn of 2008 it became clear that the United States entered into a major financial and economic crisis, and that the reforms may be needed to achieve recovery and prevent relapse. "Hide
by David W. Conklin, Daniel Cadieux Source: Richard Ivey School of Business Foundation 4 pages. Publication Date: June 26, 2009. Prod. #: 909M45-PDF-ENG