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That reversal has freed hundreds of billions of dollars for investment in more productive sectors, the report says.
Instead, it diverts resources away from more productive sectors and by fuelling consumer spending it exacerbates America's economic imbalances.
There is little scope left for switching underemployed workers from agriculture to more productive sectors, and the proportion of women in jobs is already higher than in most other EU countries.
Mr. Abe has gone to pains to argue that his Liberal Democratic Party — which for many in Japan has become synonymous of the pork-barrel spending of an earlier era — has changed, and that his stimulus will focus on more productive sectors.
Well, there are more productive sectors to play in.
California could achieve this from higher female participation in the labor force, narrowing the gap between the number of men and women who work part-time and full-time, and getting women in employed in more productive sectors.
Similar(52)
A continuation of the current situation may take taxpayer resources away from other, more economically productive sectors.
This was attributed to a relatively low status of the Ministry of Health compared to more economically productive sectors.
Above all, there will be the need over the next five years to transfer resources back to the more productive, private sector.
"You will have a fresh foundation for the future growth of these industries, as well as a modernized and more productive public sector," Mr. Nadiri said.
This naturally shifted employment from the more productive manufacturing sector, where fewer workers are needed to produce a given increase in output, to service industries where more workers are needed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com