StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

GLOBAL POLITICAL ECONOMY - Essay Example

Comments (0) Cite this document
Summary
Have U.S. financial and monetary policies since 1979 strengthened America’s position in the global economy? 1. Introduction When having to evaluate the effectiveness of a country’s fiscal and monetary policies it is necessary to focus on the relevant initiatives of its central bank; the economic decisions developed by the country’s government are also important for understanding the potentials of the above policies to lead the national economy to a stable growth…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.5% of users find it useful
GLOBAL POLITICAL ECONOMY
Read TextPreview

Extract of sample "GLOBAL POLITICAL ECONOMY"

Download file to see previous pages He decided to focus on the ‘supply of money instead of keeping the interest rates low’ (Rugman 2003, p.110). In this way, the lowering and the stabilization (at low levels) of the inflation were set as the new priorities of the US monetary policy. Through the above practice, interest rates in US were increased from 11% (as in 1979) to 20% (in 1980s), a fact that led to a series implications for the US economy, as explained below. The changes in the US monetary policy as developed in 1979 have been considered as a key point in the American economy, affecting the practices developed by US monetary policy makers up today. The effects of the US monetary and fiscal policies on the country’s economy are discussed in this paper. Emphasis is given on the fact whether these policies have strengthened America’s position in the global economy or not. It is concluded that such target was achieved but not without implications. The high level of the country’s debt is an issue that should be addressed in order for the growth of the country’s economy to be real – in all its aspects. 2. U.S. ...
Through the decades, the effects of U.S. financial and monetary policies on the country’s economy have been differentiated, in accordance with the local political and social conditions but also with the economic environment in the global market. In any case, the stabilization of inflation at low levels, a key target of the monetary policy makers of 1979 has been achieved. However, periodically, the use of the above policy, i.e. targeting on low inflation, has been proved to be a rather inappropriate practice in order to face the market pressures, a fact which has been highlighted in the literature. In order to understand the effects of the US financial and monetary policies since 1979 on the American economy, it would be necessary to refer to the historical development of these policies, i.e. their range of appearance. Then, their effects on the American economy could be identified and evaluated – taking into consideration the conditions in the global market. One of the key characteristics of the update of the US monetary policy of 1979 has been the following one: emphasis has been given on lowering the inflation and keeping it on low levels. A strict monetary policy was used as a tool for achieving the above target (Allen 1999, p.170). The initial effect of the above policy has been the significant increase of the ‘LDC (less developed countries) borrowing rates’ (Allen 1999, p.170). Because of the above practice, the country’s economy has been negatively affected – the recession of 1981-1982 has been unavoidable. In this context, the initial results of the economic reform of 1979 in US – referring to the increase of the priorities of the country’s monetary policy, as described above – had been negative. A similar assumption is developed in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“GLOBAL POLITICAL ECONOMY Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/environmental-studies/1421529-global-political-economy
(GLOBAL POLITICAL ECONOMY Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/environmental-studies/1421529-global-political-economy.
“GLOBAL POLITICAL ECONOMY Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/environmental-studies/1421529-global-political-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF GLOBAL POLITICAL ECONOMY

Global Culture on Fast Track

Lifestyles are changing fast to invite international practices. Youths in large numbers are instrumental to change to live in a free environment. They are resisting ‘no change’ attitude and fighting for the new environment where they can express freely what think right to make a modern culture. The change is undergoing automatically and being accepted by most of the resistant quarters.

Globalization does not create a common culture, values, attitude or beliefs as mentioned above. It gives way to a single arena in which people of different cultures interact and present their values for comparisons, analysis, acceptance or rejection on certain standard yardsticks. This is the internationalist version of global...
6 Pages(1500 words)Essay

Cultural History Versus Political History: The Varying Methods of the Two Fathers of History

Even though they have these similarities and have both been bestowed with the same title, these two historians drastically differed in their approaches.

Herodotus had another title bestowed upon him; he was also called the “Father of Lies.” Much of what is known of him has been gathered from his own writings as few other sources are available from his actual life. It should also be noted that the veracity of this information is in question as Herodotus was known to invent much in his own work, and it was sometimes the practice in Ancient Greece to attribute events from the life of one person to another; for instance, it has been questioned if the accounts of Herodotus’ exile are only due to the fact th...
10 Pages(2500 words)Essay

Political Ideologies and the Environment

Man has lost touch with the environment to gather his own empirical evidence, study it vis-à-vis the knowledge handed him down the generations and make his independent judgment. Thus his thinking process is chained to the scientific and economic superstructure.
The early part of the twentieth century saw the emergence of the knowledge society. The transmission of knowledge propels social and economic change. Out of the knowledge, society grew the energy-guzzling and environmentally unfriendly consumer society. On the vestiges of consumer society now emerges the anxiety-laden risk fraught society Man, the main protagonist, knows little of his importance and is in haste to accomplish things, knowing-well the risk fraught...
6 Pages(1500 words)Assignment

Global Warming and Food Production

The carbon fertilization effect of increased carbon dioxide concentration in the atmosphere has an impact on plant growth, which benefits plant growth by facilitating photosynthesis, cannot balance the complex impact of increased temperatures around the world. Thus, although some regions will benefit from global warming, a total reduction in global agricultural production will result. This essay presents a discussion about the impact of global warming on agriculture and food production around the world.
Although the history of the planet earth suggests that for the last million years ice ages have been interspersed with warmer periods, evidence suggests that the average rate of global warming within the recent past has accele...
14 Pages(3500 words)Assignment

The Importance of Employee Empowerment in the Global World

Empowerment is the authority to make decisions within one’s area of operation without having to get approval; from anyone else. Here the operatives are encouraged to use their initiative to do things the way they like. To this end, the employees are given not just authority but resources as well so that they not only take decisions but implement them quickly. This empowerment means giving the employees the authority to make decisions and providing them with financial resources to implement these decisions (Koch & Godden, 1997 11).
Employee participation and empowerment participation means sharing the decision making power with the lower ranks of an organization in an appropriate manner (Lashley & McGoldrick, 199...
9 Pages(2250 words)Assignment

Political Thought

In the nineteenth century, the term democracy still had uncomplimentary connotations, most of the time; some understand it as a system of mob rule. Now, however, we are all democrats. Liberals, conservatives, socialists, communists, anarchists, and even fascists are all eager to proclaim the virtues of democracy and to demonstrate their own democratic credentials. Indeed, as the major ideological systems faltered and collapsed in the late twentieth century, the flames of democracy appear to burn yet more strongly (Huth & Allee, 2003). As the pull of socialism paled, and the intrinsic worth of capitalism has been called into query, democracy appeared as possibly the single unwavering and lasting principle in the postmodern poli...
6 Pages(1500 words)Assignment

Global Challenges for Business Management and Leadership

This section aims at understanding the challenges faced by the United Nations due to political conflicts. In the summer of 2007, an issue in the Politically Speaking, the DPA had highlighted the increased focus on the conflict meditation. This report had also highlighted the interview with the Under-Secretary-General for political affairs. In the interview, he defended the UN against all the criticism and he also highlighted the need for finding political solutions for issues around the world. The interview also highlighted the importance of results to show the effective working of the UN. This interview also highlighted and urged critics to look at the positive along with the negatives of the UN. “The UN has knowledgeable a...
7 Pages(1750 words)Research Proposal

Effect of Corporations Moving Jobs Overseas on the Economy

The issue comes into focus, whenever there are political, economic debates or talks about H1B visa limits. The economic slowdown has further led to the intensification of these debates. But, despite apprehensions from different quarters, neither the companies nor the government has said a final word on the trend. Increasing levels of competition amongst the corporate houses have been one of the key highlights of the globalization era. Be it the retail sector, the banking, the automobile, the IT-enabled services, the white goods space, etc. the companies have always been on the lookout for reaching out to more number of customers while doing everything possible to please the existing lot. Leveraging the economies of scale has prove...
8 Pages(2000 words)Coursework

Global Employee Information and Consultation: Replicating the European Model

...Global Employee Information and Consultation: Replicating the European Model INTRODUCTION The only way for the employees and their representatives to reach the level of multinational corporations is to create an effective transnational mechanism that facilitates consultation and information disclosure. The European model (EWC) is an example of an institution that intends to provide employees voice in the transnational arena. The information dissemination and consultation arrangement enable employee representatives to participate in discussing issues that pertains to their employment. However, there is a need to analyze whether EU style of legislating a mechanism shall be effective if replicated globally. The answer in part depends...
9 Pages(2250 words)Coursework

American Political Communications

...Political communication: Today, voters no longer make decisions based only on personal opinion but view most issues through the eyes and ears of the media. Most options arise from interpretation of the symbols obtained from mass media. Political advertising is a prominent media for reaching voters. Political advertisements aim at increasing issue knowledge, influencing perceptions of the candidate’s character, altering attitudes and affecting candidate preference. In most political advertisements, politicians essentially promote themselves, their thoughts, beliefs, values, image and political propaganda. These advertisements can have a rather persuasive influence on voters. Political ads can convey both positive and negative feelings...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic GLOBAL POLITICAL ECONOMY for FREE!

Contact Us