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Particularly rich in factual and quantitative data, this book is a very valuable instrument for analyzing economic growth in OECD countries. It examines the growth profile of OECD countries over the past decade and identifies the fundamental drivers of growth. It shows how (and why) the reactions of each economy differ when these factors change. The book studies growth at the macro level, at the sector level and at the enterprise level. It also analyzes the contribution of information technology (IT) at each of these levels. Supported by more than 50 tables and graphs, the book provides a better understanding of the true nature of economic growth.
In 2000, at the height of the new economy, we praised IT which, it was believed, would radically transform the economies of the OECD and would have considerable beneficial effects. But the recent economic downturn has destroyed many of the myths that had sparked IT. What is the real contribution of IT to economic growth? Understanding economic growth addresses these issues in depth and sheds new light on economic growth. In a pleasant new presentation, the book is an ideal introduction to understanding the genesis of economic growth. It will interest a large audience of economists and students of economics.