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Innovation and the World Economy

Innovation and the World Economy. Robert E. Litan. Four Kinds of Capitalism. Oligarchic (Really Bad) State-Guided (Mixed, but not great for growth at the frontier) Big Firm/Managerial (Incremental, not Radical) Entrepreneurial (Best, but need some Managerial). Growth. No/Low-Growth.

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Innovation and the World Economy

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  1. Innovation and the World Economy Robert E. Litan

  2. Four Kinds of Capitalism • Oligarchic (Really Bad) • State-Guided (Mixed, but not great for growth at the frontier) • Big Firm/Managerial (Incremental, not Radical) • Entrepreneurial (Best, but need some Managerial)

  3. Growth No/Low-Growth Mature Young

  4. Absolute Numbers No/Low-Growth Growth Mature Young

  5. Impact: Job Growth, Innovations Growth No/Low-Growth Mature Young

  6. Long-Term Budget Outlook Note: The alternative fiscal scenario deviates from CBO’s baseline projections even during the next 10 years, incorporating some changes in policy that are widely expected to occur and that policymakers have regularly made in the past.

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