U.S. President's Economic Report: 2001: 2001

Author: Xiao Chen
Publisher:
Publish Date: 2003-09-01
Features: The grand blueprint for governing the country by the new generation of leaders of the Party and the state is gradually unfolding after the 16th National Congress. Drawing on the experience of mature market economies and studying the cooperative models of the U.S. internet industry hold significant practical importance for officials, entrepreneurs, and scholars in China. The President of the United States and his Economic Advisory Council submit an important report to Congress every year. The content reviews and summarizes the trends of the U.S. economy. It may be similar to the collective essence of the General Secretary's speech, the Premier's government work report, the Minister of Finance's work report, the China Statistical Yearbook, and the achievements of social science research projects. In terms of expression, it is a work by authoritative economists discussing the operation of the national economy, with a high-level perspective, easy-to-understand yet profound, rich in data, and often polished with sharp and refined writing. The book before you is the last one for President Clinton's eight-year term, a crystallization of the "New Economy Miracle" in the 1990s in the United States, and it is officially translated by an authoritative Chinese economist under the authorization of the U.S. Embassy. The next report on President Bush's 2002 economic situation is currently in publication. This report is almost a specialized study on the "New Economy" of the globalization of informatization.
Chapter 1 studies the "Formation of the New Economy," discussing the supporting factors for the sustainable adjustment and virtuous cycle of the U.S. economy and the structural reasons for the accelerated growth of labor productivity. Chapter 2 discusses macroeconomic policies and the operation of the network economy. It provides an in-depth and systematic analysis of the composition of GDP and the trends of macroeconomic variables. The title of Chapter 3 is "The Pioneering and Spreading of the New Economy," addressing the industrial organization reasons for the exceptional improvement in economic performance. On one hand, it explores the cultivation of the information network financial industry; on the other hand, it outlines the horizontal and vertical boundaries of new enterprises. Chapter 4 extends the discussion, shifting the focus to the U.S. New Economy in the context of globalization. It provides a high-level review of the government's major efforts and progress in areas such as trade, technology, services, knowledge products, and overseas markets. Chapter 5 studies the welfare brought by the New Economy to the nation. Major livelihood issues such as job displacement, poverty alleviation, educational reform, medical insurance, and community development receive focused attention in this chapter.