BUSINESSWEEK: THE 21st CENTURY ECONOMY# Economics - 经济
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THE 21st CENTURY ECONOMY
Don't expect volatility to go away, but as the '90s come to a
close, all the elements are in place for an era of long-term
growth
Economies, like living organisms, always evolve in response to
challenges and opportunities. The changes can be dramatic.
Only 10 years ago, Japan was triumphant and the U.S. was
struggling with slow growth and a hobbled banking system.
But today's statistics tell a very different story. By virtually
every measure, the 1990s have turned out to
Don't expect volatility to go away, but as the '90s come to a
close, all the elements are in place for an era of long-term
growth
Economies, like living organisms, always evolve in response to
challenges and opportunities. The changes can be dramatic.
Only 10 years ago, Japan was triumphant and the U.S. was
struggling with slow growth and a hobbled banking system.
But today's statistics tell a very different story. By virtually
every measure, the 1990s have turned out to