A version of this Article appeared as a Chapter of the 2002 Economic Report of the President, prepared by the Council of Economic Advisers. The Council was established by the Employment Act of 1946 to provide the President with objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. The Council also prepares the Economic Report of the President for Congress on an annual basis. One of the goals of this year's report was to examine closely the institutional foundation for the economic growth of the last two decades. This period saw private sector technological advances and entrepreneurial innovation that fueled productivity growth and improvements in our standard of living. The 2002 Report analyzes this economic success and proposes strategies for carrying sustained growth and broadened prosperity into the future.

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