This book is a unique tool providing facts, figures and analysis of economic growth in OECD countries. The analysis focuses on the growth patterns of OECD countries during the last decade and identifies the fundamental drivers of growth. It also looks at how and why countries react differently to these drivers. It examines growth at the macro-economic level, industry level and firm level and also analyzes the contribution of information technology (IT) at each of these levels.
Packed with over 50 tables and figures, the book provides unique data to better understand the reality of economic growth. In 2000, at the height of the new economy, IT was hailed as a technology that would radically transform OECD economies and bring large economic benefits. But the recent economic slowdown has laid to rest several of the myths surrounding IT. What is the real contribution of IT to economic growth? Understanding Economic Growth provides a comprehensive overview of these issues and new insights into economic growth.
With a bright and innovative layout, this book is an ideal introduction to understanding how economic growth happens. It will appeal to a wide audience of economists and to students of economics.