Falling American Growth Rates
Forbes Media chairman and co-author of "Inflation" Steve Forbes discussed falling American economic growth rates, the role of innovation, and similar trends across the globe. He was interviewed by New York Times economics reporter Jeanna Smialek.
Description
Forbes Media chairman and co-author of "Inflation" Steve Forbes discussed falling American economic growth rates, the role of innovation, and similar trends across the globe. He was interviewed by New York Times economics reporter Jeanna Smialek.
Bell Ringer Assignment
- According to Jeanna Smialek, what is the "mainstream argument" for why American economic growth rates have fallen?
- What does Steve Forbes mean when he says "you can't see the future?" What examples does he provide?
- Based on the clip, what type of "environment" promotes innovation?
- What trend in the international context does Smialek present? How does Forbes respond to this argument, in both the domestic and international contexts?
- Summarize Forbes' anecdote regarding personal computers and describe how it relates to economic growth.
Additional Resources
- Bell Ringer: Stagflation and the Early 1980s Recession
- Bell Ringer: American Industry and World War II
- Bell Ringer: Slowing Population Growth Rates in the United States
- Bell Ringer: The Importance of Comparing Business Cycles
- Bell Ringer: The First and Second Industrial Revolutions
- Lesson Plan: The Great Depression
Participants
Vocabulary
- Entrepreneur
- Globalization
- Great Depression
- Industrial Revolution
- Inflation
- Macroeconomic
- Personal Computer