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World Economies - Article Example

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The article entitled “Why optimism may be bad news” which was published online from The Economist presented relevant issues regarding the apparent patterns exhibiting optimism through growth in economic indicators led by the American economy could actually spur significant…
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September 10, World Economies The article en d “Why optimism may be bad news” which was published online fromThe Economist presented relevant issues regarding the apparent patterns exhibiting optimism through growth in economic indicators led by the American economy could actually spur significant rises in interest rate globally. One strongly agrees with the contention given that world economies have evidently shown strong interconnectedness. The optimistic patterns have been revealed to be driven by America’s economy (Why optimism may be bad news). With the perception and evident increases in purchasing power, global economies have been noted to potentially increase their products to America and other developed nations, which in turn, could further buoyed too much optimism of economic growth. The danger, according to the information, was that other economies could become too complacent and forget the fact that there are still other important economic aspects that need to be addressed. The perception of growth in world economies could apparently drive complacency to a point where more important economic reforms could be forgotten or stalled.
One agrees with this assertion given that based on reported experiences on world economies, good news would usually put economic legislators into a momentary status quo since positive growth rates apparently indicate that economic measures have been effective in achieving economic targets. However, it could be deduced that the interconnected nature of world economies should put each economy into assuming a proactive stance at looking beyond current positive patterns and anticipating what these potentials could impact on future economic conditions. In fact, globally, the problem on jobs continue to exist and remain to be a persistent problem that needs to be addressed; despite positive patterns in various economic indicators.
Work Cited
"Why optimism may be bad news." 4 January 2014. The Economist. http://www.economist.com/news/leaders/21592613-good-news-about-global-growth-risks-pushing-interest-rates-up-and-politicians-appetite-reform. 14 February 2014. Read More
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