This paper published by Brookings Institution explains that the loss of service jobs to offshoring in the near future will be modest. However, offshorings impact will be greater in metropolitan areas with high shares of information technology or back-office service jobs and in particular occupations within metropolitan areas. To reduce vulnerability to service offshoring, federal, state, and local leaders should work in concert to pursue policies that boost productivity and innovation,
When America faces growing challenges to its global economic leadership, that promise of upward mobility is at risk for the next generation. In order to provide future generations with the same prosperity, security, and opportunity as past generations, the United States must renew its commitment to the sort of technological progress and innovation that has fueled their past economic growth. This paper from Brookings Institution focuses on the three key policy priorities to promote U.S.
In these years, Cluster strategies have become a popular economic development approach among state and local policymakers and economic development practitioners. Cluster analysis can help diagnose a regions economic strengths and challenges and identify realistic ways to shape the regions economic future. This discussion paper published by Brookings Institution reviews the academic literature on industry clusters. It explains what clusters are, why they matter for regional economic
This paper published by Brookings Institution examines the case for eliminating the remaining pockets of regulation in the United States. This paper deals primarily with economic regulation. The author does not propose an end to health, safety, and environmental regulation even though substantial rollbacks or reform would surely be justified even in these areas of public policy.
This research paper published by Brookings Institution describes that U.S. federal budget is on an unsustainable path. In the absence of significant policy changes, federal government deficits are expected to total around $5 trillion over the next decade. Such deficits will cause U.S. government debt, relative to GDP, to rise significantly. Thereafter, as the baby boomers increasingly reach retirement age and claim Social Security and Medicare benefits, government deficits and debt are likely to