The 1990s were an extraordinary, contradictory, fascinating period of ecomic development, one evoking numerous historical parallels. But the 1990s are far from being well understood and their meaning for the future remains open to debate. In this volume, world-class ecomic historians analyze the growth of the world ecomy, globalization and its implications for domestic and international policy, the sources and sustainability of productivity growth in the USA, the causes of sluggish growth in Europe and Japan, comparisons of the Information Techlogies revolution with previous invation waves, the bubble and burst in asset prices and their impacts on the real ecomy, the effects of trade and factor mobility on the global distribution of income, and the changes in the welfare state, regulation, and macro-policy making. Leading scholars place the 1990s in a fuller long-run global context, offering insights into what lies ahead for the world ecomy in the twenty-first century.
Paul W. Rhode is the Zachary Taylor Smith Professor at the Economics Department of the University of North Carolina, Chapel Hill. Gianni Toniolo is Professor of Economic History at the University of Rome 'Tor Vergata' and Research Professor of Economics at Duke University.