American economic problems consist of both short-term, or cyclical problems and long-term, structural problems. The supply-side policies of the 1980s have exacerbated our structural problems and severely constrained opportunities to use fiscal policy to get out of recession. Both cyclical and...

The theory of path dependency reveals that in the territories, where the population is characterized with worsened structure, the infrastructure is affected by underdeveloped problems and the amenities are not enough evinced, it is difficult to expect designation of activities, creating new...