Resources and economic growth: the American future--other voices. [Debate of economist, Federal Reserve governor, and political scientist]

Journal Article · · Wilson Q.; (United States)

OSTI ID:5174407

Rostow, W W; Wallich, H C; Skolnikoff, E B

Excerpts of essays by Walt W. Rostow, Henry C. Wallich, and Eugene B. Skolnikoff present a range of views on the extent to which politics is a barrier to world agreement on future economic growth. Rostow considers the desires of developing countries for food, energy, and raw materials to be the central problem in reaching a global environmental equilibrium based on cooperation. He advocates joint discussions where industrialized and developing countries can review together the facts and agree on a mutually satisfactory effort. Wallich views growth limits as unlikely and unworkable whatever their merits because predictions, historically imprecise, are generally unheeded. He sees the proper action for economists as the development of adjustment mechanisms to allow appropriate market responses and to make whatever growth occurs safer. Skolnikoff views recent world political fragmentation as a threat to cooperation and recommends a controlled marketplace to counteract this trend by better serving immediate social goals. (DCK)

• OSTI ID: 5174407
• Journal Information: Wilson Q.; (United States), Journal Name: Wilson Q.; (United States) Vol. 1:1; ISSN WIQUD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290400* -- Energy Planning & Policy-- Energy Resources
AGREEMENTS
ECONOMIC GROWTH
ECONOMIC IMPACT
ECONOMIC POLICY
ECONOMICS
ENERGY DEMAND
ENERGY SOURCES
FOOD
FORECASTING
FOREIGN POLICY
GOVERNMENT POLICIES
INTERNATIONAL AGREEMENTS
INTERNATIONAL COOPERATION
MARKET
PLANNING
RECOMMENDATIONS
REGULATIONS
RESOURCES
SOCIAL IMPACT
SOCIO-ECONOMIC FACTORS
TRADE