The Deterioration of Reproduction Conditions in the U.S. Economy

In the article the reasons for the deceleration of the average annual rates of economic growth of the United States are analyzed. The rates declined in one and the half decade of the XXI century twice in comparison with the last three decades of the twentieth century. Leading American economists a...

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Autor principal:	V. S. VASILIEV
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2018
Materias:	the slowdown in economic growth total factor productivity reproduction infrastructure inequality in income distribution d. trump tax reform International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/b36b14a775d94e79a679d5b54ae50f15
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spelling	oai:doaj.org-article:b36b14a775d94e79a679d5b54ae50f152021-11-07T14:45:02ZThe Deterioration of Reproduction Conditions in the U.S. Economy2542-02402587-932410.23932/2542-0240-2018-11-2-133-150https://doaj.org/article/b36b14a775d94e79a679d5b54ae50f152018-08-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/333https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324In the article the reasons for the deceleration of the average annual rates of economic growth of the United States are analyzed. The rates declined in one and the half decade of the XXI century twice in comparison with the last three decades of the twentieth century. Leading American economists and analysts associated the main cause of the slowdown in economic growth with a double drop in the rate of total factor productivity (TFP). This indicator reflects the synergistic effects of the interaction of physical and human capitals in the production process. The gradual decrease in the synergetic value of the interaction of labor and capital in the US economy, other things being equal, also means a decrease in the contribution of sinergetic factor to the rates of economic growth and a greater priority in the state socio-economic policy of the capital factor in economic development. In turn, the increasing role of capital in the economic development of the US turns around with a sharp increase in inequality in income distribution among different social strata of American society, resulting in the bulk of the increase in economic production to primarily 20% of the wealthiest layers of American society. The growth of injustice in the distribution of goods and services in recent decades in the United States was due to the lack of purposeful state policy of the income redistribution. me. The absence of such a policy stemmed from a growing crisis of most components of the reproductive logistics of the American economy. In the end, general conclusion is that the trend towards long-term decline in economic growth will continue in the future because the US will be forced to invest trillions of dollars for infrastructure modernization in the economy, which will not bring back quick economic returns in the short and possibly medium term.V. S. VASILIEVАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articlethe slowdown in economic growthtotal factor productivityreproductioninfrastructureinequality in income distributiond. trump tax reformInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 11, Iss 2, Pp 133-150 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	the slowdown in economic growth total factor productivity reproduction infrastructure inequality in income distribution d. trump tax reform International relations JZ2-6530
spellingShingle	the slowdown in economic growth total factor productivity reproduction infrastructure inequality in income distribution d. trump tax reform International relations JZ2-6530 V. S. VASILIEV The Deterioration of Reproduction Conditions in the U.S. Economy
description	In the article the reasons for the deceleration of the average annual rates of economic growth of the United States are analyzed. The rates declined in one and the half decade of the XXI century twice in comparison with the last three decades of the twentieth century. Leading American economists and analysts associated the main cause of the slowdown in economic growth with a double drop in the rate of total factor productivity (TFP). This indicator reflects the synergistic effects of the interaction of physical and human capitals in the production process. The gradual decrease in the synergetic value of the interaction of labor and capital in the US economy, other things being equal, also means a decrease in the contribution of sinergetic factor to the rates of economic growth and a greater priority in the state socio-economic policy of the capital factor in economic development. In turn, the increasing role of capital in the economic development of the US turns around with a sharp increase in inequality in income distribution among different social strata of American society, resulting in the bulk of the increase in economic production to primarily 20% of the wealthiest layers of American society. The growth of injustice in the distribution of goods and services in recent decades in the United States was due to the lack of purposeful state policy of the income redistribution. me. The absence of such a policy stemmed from a growing crisis of most components of the reproductive logistics of the American economy. In the end, general conclusion is that the trend towards long-term decline in economic growth will continue in the future because the US will be forced to invest trillions of dollars for infrastructure modernization in the economy, which will not bring back quick economic returns in the short and possibly medium term.
format	article
author	V. S. VASILIEV
author_facet	V. S. VASILIEV
author_sort	V. S. VASILIEV
title	The Deterioration of Reproduction Conditions in the U.S. Economy
title_short	The Deterioration of Reproduction Conditions in the U.S. Economy
title_full	The Deterioration of Reproduction Conditions in the U.S. Economy
title_fullStr	The Deterioration of Reproduction Conditions in the U.S. Economy
title_full_unstemmed	The Deterioration of Reproduction Conditions in the U.S. Economy
title_sort	deterioration of reproduction conditions in the u.s. economy
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2018
url	https://doaj.org/article/b36b14a775d94e79a679d5b54ae50f15
work_keys_str_mv	AT vsvasiliev thedeteriorationofreproductionconditionsintheuseconomy AT vsvasiliev deteriorationofreproductionconditionsintheuseconomy
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The Deterioration of Reproduction Conditions in the U.S. Economy

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