Adam Smith

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Highlights: April 2017 Archive See all Highlights
April 2017

The American economy is no longer growing as it once did. From the end of World War II through 1980, the GDP of the United States grew 3.3 percent each year on average. In the 35 years that followed, GDP growth fell, yet there was enormous technological innovation, including the emergence of venture capital, the personal computer, the Internet, and the iPhone. High-growth, high-technology firms now account for one-fifth of the value of U.S.

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