It is commonly believed that there is a trade-off between equality and efficiency. ... However, an International Monetary Fund study found evidence contradicting this idea: "If the income share of the richest 20 percent increases by 1 percentage point, output growth is 0.08 percentage point lower in the following five years, "suggesting that the benefits do not trickle down," IMF researchers said in a paper released Monday. ...

• Word Count: 527
• Approx Pages: 2
• Grade Level: Undergraduate

Literatures 1. The new economy requires innovation to gaining competitive advantage When we talk about the new economy, we're talking about a world in which people work with their brains instead of their hands; a world in which communications technology creates global competition - not just for running shoes and laptop computers, but also for bank loans and other services that can't be packed into a crate and shipped; a world in which innovation is more important than mass production; a world in which investment buys new concepts or the means to create them, rather than new m...

• Word Count: 2943
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate