The 21st Century: A Sneak Preview

Three summers ago, BUSINESS WEEK introduced its readers to the idea that the U.S. economy was undergoing a metamorphosis. The economy would no longer be plagued by anemic growth, low productivity, and recurrent inflation, went the theory. Rather, the forces of technological advance and global competition were creating an economy in which fast growth and low inflation could live side by side. Best of all, most Americans' standard of living would rise.

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