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A timely contribution to a debate that deserves the closest attention: how to get faster economic growth so the essence of Europe's social model can be preserved against a background of a rapidly changing world... I warmly recommend it. -- Romano Prodi, president of the European Commission Baily and Kirkegaard have written an outstanding work on an enormously important issue in economic policy. Choice

A timely contribution to a debate that deserves the closest attention: how to get faster economic growth so the essence of Europe's social model can be preserved against a background of a rapidly changing world... I warmly recommend it. -- Romano Prodi, president of the European Commission Baily and Kirkegaard have written an outstanding work on an enormously important issue in economic policy. * Choice *

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Martin Neil Baily, Senior Fellow, was appointed by President Clinton as Chairman of the Council of Economic Advisers in 1999, serving as an economic adviser to the President and a member of the President's cabinet. Dr. Baily was a Principal at McKinsey & Company at the Global Institute in Washington, D.C. from 1996 to 1999 and was a visiting fellow at the Global Institute, 1993-94. He was a co-leader of projects on service and manufacturing productivity and employment, as well as a series of country studies on Brazil, France, Germany, Korea, the Netherlands, Russia, and the UK. He worked with McKinsey client teams, providing counseling to CEO's on economic issues. Dr. Baily also served as one of the three Members of the President's Council (1994-96), where he was responsible for macroeconomic policy as well as a range of microeconomic issues. He has been a professor of economics at MIT, Yale, and the University of Maryland. He is the author of many professional articles and the editor or co-editor of four books.

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