知识经济与企业经营策略课件

知识经济与企业经营策略

主講人:薛琦院長台灣金融研訓院中華民國八十九年九月六日1知识经济与企业经营策略主講人:薛琦院長中華民國八十九年九TheNewEconomyOutlineTheneweconomy-theU.S.modelTheenginesofgrowth-capital,labor,technologyThecapitalmarketThelabormarketTechnology2TheNewEconomyOutline2Morethan20millionnewjobscreatedsinceJanuary1993Lowestunemploymentratesince1969Lowestcoreinflationratesince1965Lowestpovertyratesince1979RisingproductivitySignificantgainsallacrosstheincomedistributionFederalbudgetinsurplusfor2yearsinarowafternearlythreedecadesofdeficitsTheNewEconomy:Record-BreakingExpansionintheU.S.3Morethan20millionnewjobs44CouncilofEconomicAdvisors,2000EconomicReporttothePresident.5CouncilofEconomicAdvisors,TheEnginesofGrowthOutputQ=f(K,L,T)Pro-investmentpoliciesEducation,skills,andworkincentivesInformationandothertechnologyCompetitionandtrade6TheEnginesofGrowthOutputQNewLaborMarket:SharedCapitalistModelofWorkandWelfarePrincipleFeaturesLinkingpaytocompanyperformanceLinkingsocialbenefitstoworkIndividualizes/privatizesrightsandbenefits7NewLaborMarket:SharedCapitNewlaborMarket:StrengthsImprovesefficiencyGreaterincentivetoworkandworkefficientlyAlignsemployeeandemployerfinancialinterestDecentralizesenforcementoflaborlaws(disputeresolutionthroughprivatearbitratorsorindividualcourts)Helpsextendfullemployment(lowerunemploymentrateandwageinflation)8NewlaborMarket:StrengthsImpNewLaborMarket:WeaknessLessinsuranceagainstriskShiftssomeriskfromcapitaltolaborWorkers’financialwell-beingmoredependentontheindividualfirmandlessonoverallmarketconditionswiderdispersionofpayandconditionsofworkLowersocialsafetynetfortheunemployedLesssupportforworkersinarecession9NewLaborMarket:WeaknessLessNewv.s.OldWorkArrangements10Newv.s.OldWorkArrangementsNewv.s.OldWelfareArrangements11Newv.s.OldWelfareArrangemeSharedCompensationSystem-LinkingPaytoGrouporCompanyPerformance12SharedCompensationSystem-LBenefitsunderDifferentWorkScenarios*Singleparentworksfull-timeatminimumwage.13BenefitsunderDifferentWork…moderneconomicgrowthcouldbestbeviewedasa

process

basedonachangewhich

raisesgreatlythestockoftechnologicalandsocial

knowledge…Whenthe…knowledgeisused,itbecomesthesourceof..

increaseinoutput

and

structuralshifts

thatcharacterizemoderneconomies.SimonKuznetsModernEconomicGrowth-Rate,StructureandSpread,199614…moderneconomicgrowthcould1515CapitaldeepeningCapitaldeepeningaccountsfor1.53percentagepointsofannuallaborproductivitygrowthduringthe1995-99period.RoleoftechnologyProductivitygrowthintheproductionofcomputerscontributesdirectlytooverallproductivity.WhathasContributedtoLaborProductivityGrowth16CapitaldeepeningWhathasCont1717181819192020知识经济与企业经营策略

主講人:薛琦院長台灣金融研訓院中華民國八十九年九月六日21知识经济与企业经营策略主講人:薛琦院長中華民國八十九年九TheNewEconomyOutlineTheneweconomy-theU.S.modelTheenginesofgrowth-capital,labor,technologyThecapitalmarketThelabormarketTechnology22TheNewEconomyOutline2Morethan20millionnewjobscreatedsinceJanuary1993Lowestunemploymentratesince1969Lowestcoreinflationratesince1965Lowestpovertyratesince1979RisingproductivitySignificantgainsallacrosstheincomedistributionFederalbudgetinsurplusfor2yearsinarowafternearlythreedecadesofdeficitsTheNewEconomy:Record-BreakingExpansionintheU.S.23Morethan20millionnewjobs244CouncilofEconomicAdvisors,2000EconomicReporttothePresident.25CouncilofEconomicAdvisors,TheEnginesofGrowthOutputQ=f(K,L,T)Pro-investmentpoliciesEducation,skills,andworkincentivesInformationandothertechnologyCompetitionandtrade26TheEnginesofGrowthOutputQNewLaborMarket:SharedCapitalistModelofWorkandWelfarePrincipleFeaturesLinkingpaytocompanyperformanceLinkingsocialbenefitstoworkIndividualizes/privatizesrightsandbenefits27NewLaborMarket:SharedCapitNewlaborMarket:StrengthsImprovesefficiencyGreaterincentivetoworkandworkefficientlyAlignsemployeeandemployerfinancialinterestDecentralizesenforcementoflaborlaws(disputeresolutionthroughprivatearbitratorsorindividualcourts)Helpsextendfullemployment(lowerunemploymentrateandwageinflation)28NewlaborMarket:StrengthsImpNewLaborMarket:WeaknessLessinsuranceagainstriskShiftssomeriskfromcapitaltolaborWorkers’financialwell-beingmoredependentontheindividualfirmandlessonoverallmarketconditionswiderdispersionofpayandconditionsofworkLowersocialsafetynetfortheunemployedLesssupportforworkersinarecession29NewLaborMarket:WeaknessLessNewv.s.OldWorkArrangements30Newv.s.OldWorkArrangementsNewv.s.OldWelfareArrangements31Newv.s.OldWelfareArrangemeSharedCompensationSystem-LinkingPaytoGrouporCompanyPerformance32SharedCompensationSystem-LBenefitsunderDifferentWorkScenarios*Singleparentworksfull-timeatminimumwage.33BenefitsunderDifferentWork…moderneconomicgrowthcouldbestbeviewedasa

process

basedonachangewhich

raisesgreatlythestockoftechnologicalandsocial

knowledge…Whe