Feldstein I expect to support a saving centered theory of economic
progress.
A bit more surprising is Les Thurow, HEAD TO HEAD. After arguing that
capital
flows freely and that invention and innovation are also quickly diffused,
so
that the key is the education of the mass labor force, he wrings his hands
over the low saving in USA. Yet his argument would seem to imply that if a
country educates its population, provides public order and tranquility,
then
capital and innovative ideas will flow into from abroad.