Abstract
THE ORGANIZATION for Economic Cooperation & Development (OECD) has performed an analysis of early efforts around the world to buoy sinking national economies by various stimulus packages. The study, which takes an international look at this economic phenomenon, says that most nations are emphasizing research and technology as vital to future growth. “Policy Responses to the Economic Crisis: Investing in Innovation for Long-Term Growth” provides an overview of the efforts, mostly by OECD nations, to stimulate their economies over the next couple of years. More than $1.6 trillion has already been pledged by the various nations, half of that from the U.S. alone, the report states. The study finds that most nations are putting money into the same program areas, namely education, infrastructure improvements, and research and technology. “The effect of these stimulus packages is twofold,” says Sacha Wunsch-Vincent, an economist with OECD who coauthored the report along with fellow economist Dominique Guellec. “...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
