TECHNOLOGICAL, ECONOMIC, AND SOCIAL
DEVELOPMENT 21sT CENTURY
In the late 1970s,theUnitedStatesbecamea membeof a rathernewandsmall categoryof countries,properlydefinedasthe underdevelopin countries,whose economicdevelopmenhadslippedinto reversegear.The United Kingdomhas beenthe otherleading memberof this category.
Among the indicatorsof erodingeconomicstrength,oneof the mostpromi- nentwasproductivity. From 1948to the middle sixties,outputper hour in the UnitedStatesgrewby about3.2 percentperyear,a ratethatcameto beconsid- ered normal (Productivity Perspectives,1980,p. 9). JohnKendrick's (1961) data indicate, in fact, that U.S. productivityhad beenincreasingsignificantly since1800.Duringtheperiodfrom 1965to 1973,however,growthinproductiv-
Researchin Public Policy Analysis and Management, Volume 4, Pages241-270. Copyright @ 1987by JAI PressInc. All rights of reproduction in any form reserved. ISBN: 0-89232-663-8