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

Future Economic Stagnation for Rich Countries - Essay Example

Comments (0) Cite this document
Summary
This essay covers the problem of possible future economic stagnation for rich countries, forecast and three fully described recommendations to avoid future economic stagnation. It also represents globalization term and it's history, predicts possible scenarios for developing countries…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Future Economic Stagnation for Rich Countries
Read Text Preview

Extract of sample "Future Economic Stagnation for Rich Countries"

Download file to see previous pages This essay demonstrates the huge gap between rich countries and developing countries and provides factors and reasons for possible future economic stagnation for rich countries. There used to be a time when there existed a few rich countries who dominated the world economy and their contribution to the global GDP was around two-third. This means that the rest of the world was under developed and had a falling economy rate.
Later, the world faced some crisis which shook the rich countries’ economy and at the same time helped the developing countries to grow at a high pace. This led to the possibility of economic stagnation of the rich countries in near future. In the current scenario, globalization has worked in favor of developing economies. Several developing countries, majorly Asian economies, are growing at such a high pace that the gap between the rich and the developing countries has shortened big time.
Reasons of the possible future economic stagnation are: Recent Western Recession, Insufficient Supply and Slow Recovery from Financial Crisis (2008-2009).
First recommendations for avoiding future economic stagnationis Improving Short-Term Demand and Efficient Supply. No country can recover from the financial crises in a short time. Second recommendation is Boosting Medium-Term Growth. The third recommendation is Role of Government, that should also put their effort and think more logically regarding the ways of supporting the demand and making better the supply which can in return increase the productivity.

...Download file to see next pages Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Future Economic Stagnation for Rich Countries Essay”, n.d.)
Future Economic Stagnation for Rich Countries Essay. Retrieved from https://studentshare.org/macro-microeconomics/1576827-future-economic-stagnation-for-rich-countries
(Future Economic Stagnation for Rich Countries Essay)
Future Economic Stagnation for Rich Countries Essay. https://studentshare.org/macro-microeconomics/1576827-future-economic-stagnation-for-rich-countries.
“Future Economic Stagnation for Rich Countries Essay”, n.d. https://studentshare.org/macro-microeconomics/1576827-future-economic-stagnation-for-rich-countries.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Future Economic Stagnation for Rich Countries

Death Penalty: Does it Serve as a Deterrent to Future Crime

Animal instincts are directed towards self-preservation and it is the law of nature that a stronger and healthier individual has more chances of living than his weaker counterpart. The survival of the fittest has now been established as a ground reality according to Darwinian philosophy. If we eliminate our civilized thought process, it emerges as a stark reality that we would not desist from attacking another living person or animal when we are overcome by the basic needs of food, shelter, and clothing. In times of natural disasters like earthquakes, wars and floods, and manmade disasters like war, it is not uncommon to witness ravaged populations shedding the façade of civilization and resorting to violence in order to fu...
9 Pages (2250 words) Case Study

The Globalization Policies in Different Countries

...International trade International trade Introduction The Globalization, Liberalization and Privatization policies adopted by different countries, opened the doors widely open for international trade. Foreign investment and participation in business is welcomed by many countries. The consumers will get better products at cheap rates because of the competition in the market. For example, as per the economic principle, scarcity of a commodity creates demand in the market and hence the price of that commodity will go up. Because of the foreign participation in domestic market, the customers will never fee any scarcity and hence the prices will come down definitely. But most of the countries are still confused about the extent...
6 Pages (1500 words) Coursework

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages (1500 words) Assignment

Economic Models: The Free Market and The State Owned System

The free market concept is mainly a theoretical concept as every country, even capitalist ones place some restrictions on the ownership and exchange of commodities (Free market economy). Therefore, the term free-market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. It gives the buyers and sellers the power to do business without being afraid of any regulations and intervention by the state. Hence, a free market gives the absolute power to prices to determine the allocation and distribution of goods and services (Free Market Economy). The pricing mechanism is in turn, driven by the forces of demand and supply of goods and services. Demand and supply of...
9 Pages (2250 words) Case Study

Economic Analysis on BMW Cars in the US Car Industry

Mini and the 1-series rapidly grew at a much higher rate through 2008. Since the early days of the new millennium, BMW has been one of the first automakers to utilize flexible factories in which more than one vehicle model could be produced at the same time. This enabled the company to meet shifts in market demand more effectively than BMW’s competitors could. BMW challenges to retain its market position in the international market for luxury cars. Many automakers, such as Hyundai with its Genesis sedan or Nissan's Infiniti brand are increasingly successful in realizing higher margins earned on luxury vehicles. BMW is rated behind luxury brands such as Lexus, Porsche, Mercedes, and Infiniti for these reasons

1. Th...
7 Pages (1750 words) Case Study

Multiculturalism: Socio-economic Impacts on Modern States

This paper tends to argue that multicultural policies have promoted social segregation and economic insecurity in modern states. As the most relevant example, it will also evaluate how multicultural policies have evolved to be the most recent threat to the nationality and cohesion of Australia and the United Kingdom.

To begin with, many of the policies enacted on citizenship and immigration have brought about incessant controversy in Australia. In addition, the exceeding emphasis put on the multicultural policy has given rather unfavorable outcomes to both Australia and the UK. Policies that are intended to ensure equal representation and opportunities often create frustration and disappointment among certain interest g...
6 Pages (1500 words) Case Study

Globalization and World Economic Forum at Davos 2010

The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment, and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and academia. Some markets are highly globalized, while some are not. The scale of market globalization is determined by the extent of globalization of customers, customer needs, distribution channels and marketing strategies of the players in the industry (Stonehouse et al, 2004).

The phenomenon of globalization of markets has resulted in both advantages and disadvantages. It has resulted in the convergence in the requirement of features in a product and augmentation of the intensity of B2B and B2C communica...
7 Pages (1750 words) Coursework

The 1846 Invasion into Mexico by the U. S.: The Political and Economic Forces that Brought about the Invasion

Some of the territories led to a war with Mexico from which the United States emerged victorious, expanding its territories and decisively establishing its dominance in North America.

President Andrew Jackson led an example of an administration that set the stage for the way in which James Polk would lead. In 1817, as a still yet military leader, Jackson led the United States into the first of three conflicts with the Seminole Indians from which the acquisition of Florida from Spain would be negotiated and finalized. The situation with Spain was tenuous and should have been dealt with in a diplomatic and cautious manner, but in 1817 President Monroe wrote a letter to General Jackson stating that “Great interests...
8 Pages (2000 words) Article

Future for Luxury Brand Retailers

A brand may be a design, a logo, a tagline, a name or a symbol that is intended to represent a company name and differentiate it from the other firms in the industry. Luxury brands are about giving customers exclusivity and uniqueness. They are brands that give a personal tinge to each of their products. Quelch and Jocz (2009) believe that luxury brands focus more on comfort, design, uniqueness and looks, and less on need and costs. This is because luxury brands are made for those who can afford to pay huge sums of money for just more satisfaction. A bag from Louis Vuitton or Gucci is as useful as any of the local, unbranded bags available in the market but elite customers would always go for the brand and not the mere use of the...
6 Pages (1500 words) Coursework

Economic and Social Impact of Globalization

Global corporations are heightening their awareness of the nature of their business relationships with diverse governments considered of primary importance to manage factors influencing their performance. From among the elements that global organizations closely and continuously evaluate, the social and economic impacts are considered of significant importance. As the components and diverse perspectives of globalization affect both the host organizations and those nations they do business with, this research aims to proffer significant social and economic issues that impact global strategies.

The concept of globalization encompasses theories beyond the traditional view that global corporations merely do business abroad....
7 Pages (1750 words) Coursework
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 Future Economic Stagnation for Rich Countries for FREE!

Contact Us