Growth, Unemployment and Deindustrialization (Hardcover)

The sectoral composition of economies is fundamental to the understanding of growth, unemployment and the relative performance of nations. Henri de Groot models the relationship between these four factors from a single theoretical perspective in order to determine the foundations of the wealth of nations. Special issues that are addressed include: * the macroeconomic consequences of outsourcing and downsizing * unemployment and catching-up * the relationship between growth and unemployment in a dual labour market * the relative stagnancy of Europe versus the USA in terms of productivity levels and unemployment * transitional dynamics in two-sector endogenous growth models * the causes of deindustrialization * the role of trade unions and efficiency-wage considerations Growth, Unemployment and Deindustrialization will be of paramount interest to scholars of endogenous growth theory, economic growth and unemployment, labour market economics and industrial organization.