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The most likely explanations for this transformation are two broad structural changes — globalization and deregulation — which together conspired to rob many major American corporations of the outsize profits they had earned during the "golden" decades after World War II.
These programs, while having a real impact on the lives of thousands of Americans, including, recently, victims of Hurricane Harvey, are a poor substitute for the broad structural changes needed to address the many social inequalities in the United States.
He faulted tax cuts for wealthy Americans, declining investment in schools and infrastructure, and laws that have weakened labour unions, compounded by broad structural changes in the global economy.
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Others argue that a broad structural change is needed in agriculture, led by more powerful technology.
Lee's research shows that it's much more effective to take a holistic approach to sustainability and make broader structural changes, as shirt manufacturer Esquel, steelmaker Posco, and others have done.
It could outline some broader, structural changes that are part of the authorities' broader goal of shifting the economy away from its dependence on exports and investments in heavy industry toward more domestic demand and more efficient, sustainable growth.
Some believe they may reflect "broader, structural changes in the economy," like a long-term mismatch between the skills of the unemployed and those demanded by employers, Mr. Evans said.
Mr. Donaldson declined to say whether Mr. Grasso should step down or whether any broader structural changes should be imposed on the exchange but said that the commission would soon be sending additional questions to the exchange about Mr. Grasso's pay.
Though many in the industry give full credit to Mr. Spitzer for exposing a fund industry overdue for reform, many say that it is the S.E.C.'s role -- as the top regulator -- to strike a balance between quick settlements and the need for broader structural changes.
Mr. Monti now has full powers to begin drafting his agenda, which includes passing emergency measures to regain the confidence of foreign investors, as well as broader structural changes to Italy's labor market and pension system, while stepping up the effort to fight tax evasion and creating incentives for businesses to expand, including a revision of the tax system.
The Communist Party Central Committee meeting next month is expected to outline some broader, structural changes that are part of the authorities' goal of shifting the economy away from its dependence on exports and investments in heavy industry toward more domestic demand and more efficient sustainable growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com