It is by now commonplace to assert that the global economy is entering a new phase and that the paradigm of economic growth that was relevant to the early postwar decades no longer holds sway. Major changes, such as the explosive growth of services, the rise of a handful of highly successful newly industrializing countries, and the rapid expansion
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Lauren Benton is assistant professor, University of Washington, and senior research consultant, The Eisenhower Center for the Conservation of Human Resources, Columbia University. Thomas R. Baileyis associate research scholar and director of employment and labor market studies The Eisenhower Center for the Conservation of Human Resources. Thierry Noyelle is deputy director and senior research scholar with The Eisenhower Center for the Conservation of Human Resources.
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