The Coming of Age of Information Technologies and the Path of Transformational Growth
A long run perspective on the late 2000s recession
Routledge – 2010 – 192 pages
In this book, Davide Gualerzi employs the concept of transformational growth to explore the investment-driven cycle of expansion of the 1990s in the US economy, and of the of role played by the ICT sector.
The book articulates a view of demand-led growth in which the focus is on effective demand, the composition of the growth process and the link between changing composition and expansion.
Part 1: Demand-Led Growth and Structural Change 1. Growth Theory from a Demand-Side Perspective 2. Transformational Growth and the Structural Dynamics of Market Creation 3. Growth, Effective Demand and the Composition of Output Part 2: The 1990s Expansion: Technology, Investment and New Markets 4. The 1990s: The Boom and the Bust of the "New Economy" 5. Information and Communication Technologies: Productivity and Structural Change 6. The Technology, Investment, New Markets Relationship: The Forward and Backward Linkages 7. The Transformation of the Consumption Sphere and Market Creation Part 3: Two Decades of Structural Transformation in the US Economy: The Path of Transformational Growth 8. From the Recovering 1980s to the Booming 1990s 9. Innovative Investment and Long Term Development: Questions from the 1990s 10. The Path of Transformational Growth
Davide Gualerzi is Associate Professor at the University of Padua, Italy.