{"id":11460,"date":"2016-09-15T07:49:44","date_gmt":"2016-09-15T07:49:44","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=11460"},"modified":"2016-09-15T07:51:00","modified_gmt":"2016-09-15T07:51:00","slug":"us-government-inaction-is-hampering-economic-growth","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/us-government-inaction-is-hampering-economic-growth.html","title":{"rendered":"US government inaction is hampering economic growth"},"content":{"rendered":"<h2 style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><strong><span style=\"font-size: 14pt;\"><span style=\"color: #000000;\">US government inaction is hampering economic growth<\/span><\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>US government inaction is hampering economic growth:<\/strong> As the U.S. economy enters its eighth year of its recovery from the Great Recession, one major factor is slowing its growth: Government gridlock.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">That finding emerges from a report by Harvard Business School being officially released Thursday. The report concludes that the tepid pace of the recovery increasingly reflects the inability of President Barack Obama and the Republican-led Congress to reach agreement on programs to bolster U.S. competiveness worldwide.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Prosperity has become more concentrated among fewer Americans, and the nation\u2019s competitive edge is slipping as factors that have helped drive growth in the past are viewed as worsening. The U.S. political system, tax code, health care system, public schools, regulation and infrastructure are now all viewed as weaknesses for the economy, according to surveys of Harvard Business School alumni, students and the public compiled in the annual report .<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">\u201cWe have reached the conclusion that the paralysis in the U.S. political system is one of the gravest threats to our economic competitiveness,\u201d said Jan Rivkin, a professor of business administration and co-author of the report.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The report defines competitiveness as being characteristic of an economy that enables companies to succeed in domestic and international markets while raising living standards for average people. One challenge is that while average Americans depend on education, roadways, public transit and health care to thrive, the survey found those parts of the economy to be weakening.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A greater share of Harvard alums say the economy is becoming less competitive, reversing improvements documented in prior reports. The proportion who expect declining competitiveness had dropped from 71 percent in 2011 to 42 percent in 2015. That share then rose to 50 percent this year.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">There are still many strengths that help fuel U.S. competiveness, including established financial markets and major research universities. But many of those strengths often benefit major companies and clusters of highly skilled workers without necessarily spreading through the entire economy.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The report found that few Americans have developed opinions about policies to improve economic growth. Fully 46 percent, according to the report, held no opinion about infrastructure spending, a vital need touted by both Hillary Clinton and Donald Trump on the presidential campaign trail.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Majorities failed to register any opinion on creating a sustainable federal budget, fixing distortions caused by trade, rewriting the corporate tax code or streamlining regulations for businesses.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Rivkin said those responses point to the complexity of the issues and the lack of information in the public debate.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The findings dovetail with signs that the election is causing many companies to hold back on spending.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Roughly a third of U.S. chief financial officers surveyed said their companies will limit their investment plans until after the election and the new president shows how he or she will govern, according to a poll released Wednesday by Duke University.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 8pt;\">Source:https:\/\/www.washingtonpost.com\/business\/report-us-government-inaction-is-hampering-economic-growth\/2016\/09\/14\/1917300a-7af1-11e6-8064-c1ddc8a724bb_story.html<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/us-government-inaction-is-hampering-economic-growth.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>US government inaction is hampering economic growth US government inaction is hampering economic growth: As the U.S. economy enters its eighth year of its recovery from the Great Recession, one major factor is slowing its growth: Government gridlock. That finding emerges from a report by Harvard Business School being officially [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[3296,837,266,6555,6556],"class_list":["post-11460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-barack-obama","tag-donald-trump","tag-hillary-clinton","tag-us-government-inaction-is-hampering-economic-growth","tag-us-economic-survey-harvard"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/11460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=11460"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/11460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/11461"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=11460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=11460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=11460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}