Root causes of stagnation in both hypotheses

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Reference no: EM13760593

Your post should contain at least four well-formed paragraphs. The minimum recommended length for your assessment should be about 500 words.

For your "Structural Stagnation Dilemma" post you are asked to critically evaluate the debate over "structural stagnation", technological change, and globalization

I would also like you to view the World Economic Forum Debate" "Rethinking Technology and Employment" especially the comments by Erik Brynjolfsson and Lawrence H. Summers for further insights regarding technological innovation and jobless growth. The URL for the debate is:

After watching the TED talks and the debates you are ready to write your post:

-Briefly explain the difference between "structural stagnation" and "secular stagnation." What are the root causes of "stagnation" in both hypotheses?

-Referring to the Aggregate Supply and Aggregate Demand model (AS/AD) and the material in Chapter 11 what challenges does the "dilemma" pose for both employment and macro policy?

-How does technological change potentially impact economic growth and employment?

-Globalization has pulled hundreds of millions of people out of poverty in China and India. How should that gain be weighed against the structural changes that globalization requires in the United States?

-Should there be a safety net for those most hurt by globalization and technological change? What kind of safety net? Who should pay for it? Explain

Reference no: EM13760593

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