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A New Economic Strategy for the USA: A Framework of Alternative Development Notions

Author

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  • Nikolaos Karagiannis
  • Zagros Madjd-Sadjadi

Abstract

This paper seeks to provide a new economic strategy for the United States while considering a range of development-related impediments to the country’s recent economic performance. It is argued here that strategic industrial policy needs to come to the center stage if local production growth, competency upgrading, and competitiveness improvement are to be aggressively pursued. The first section outlines the present context of the US economy by discussing economic and socio-cultural aspects. The second main section frames an alternative development paradigm for the United States. Policy recommendations are discussed in the third section. Some brief conclusions end the paper.

Suggested Citation

  • Nikolaos Karagiannis & Zagros Madjd-Sadjadi, 2012. "A New Economic Strategy for the USA: A Framework of Alternative Development Notions," Forum for Social Economics, Taylor & Francis Journals, vol. 41(2-3), pages 131-165, July.
    • Handle: RePEc:taf:fosoec:v:41:y:2012:i:2-3:p:131-165
    DOI: 10.1007/s12143-011-9094-9
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    References listed on IDEAS

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    1. List, Friedrich, 1885. "The National System of Political Economy," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number list1885.
    2. Nikolaos Karagiannis & Zagros Madjd-Sadjadi, 2007. "Modern State Intervention in the Era of Globalisation," Books, Edward Elgar Publishing, number 12536.
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    Cited by:

    1. Phillip Anthony O’Hara, 2013. "Policies and Institutions for Moderating Deep Recessions, Debt Crises and Financial Instabilities," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(1), pages 19-49, March.
    2. Edward K. Zajicek & Nikolaos Karagiannis & Thomas Wilhoit, 2016. "Could the U.S. Energy Sector Become New Engine For Growth?," International Journal of Energy Economics and Policy, Econjournals, vol. 6(1), pages 113-119.

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