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

There could be a trouble ahead - Article Example

Comments (0) Cite this document
Summary
It tries to compare and highlight some of the interventions by the government in mitigating the adverse impacts of unemployment, low economic growth, high…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
There could be a trouble ahead
Read TextPreview

Extract of sample "There could be a trouble ahead"

THERE COULD BE A TROUBLE AHEAD The article summaries the way the governments reacted to the economic depression and the economic recession of 2008. It tries to compare and highlight some of the interventions by the government in mitigating the adverse impacts of unemployment, low economic growth, high interest rates, and fluctuations in foreign earnings during the two occasions. It further compares the actions of the various governments i.e. that of Obama and Roosevelt in attempting to salvage the economy.
The economic depression of the 1930s provided a platform where economies were able to learn of the mistakes made in trying to gain economic recovery (1936, 1938). From the article, it is clear that different economists have diverse opinion on the way to manage economic crisis. Whereas some argue that expansionary measures are the best to undertake, others view contraction measures feasible in correcting economic anomalies. Whichever the policy adopted, the end result should be recovery of the slow pace of growth (Chinn & Frieden, 2011). The article further compares the mitigation strategies pursued by different economies and the way they messed in the process.
From the article, the author tries to justify his version that the lessons learnt in the 1930s depression helped in salvaging the 2008 economic depression. The author elucidates this by giving figures of the rate of unemployment, interest rates, currency rates, and contagion caused in the financial markets in both the depression and the recession (1936, 1938). From the analysis, it is evident that the expansionary policies that were employed in 2008 recession had better impacts than the contractionary policies in the 1930s recession (Krugman, 2009). In all instances, monetary policy was important in controlling the supply of money, exchange rates fluctuations and bringing smooth operations of the financial market. Fiscal policies were also crucial in stimulating growth hence increasing rate of employment and investment (2009). Debt management and control must also be checked in managing the depression.
The fact that the author has extensively and concisely dissected the comparison makes me agree that the article is right. The facts have been well substantiated with figures and correct economic theories and knowledge. In my opinion, the periods of recession and depressions demands policies that stimulates growth and controls the level of debt while keeping the financial sector sound. In conclusion, Obama’s administration learned from the failure of the Roosevelt regime thus prevented the economy from reaching a depression.
List of References
Chinn, M. D., & Frieden, J. A. (2011). Lost Decades: The Making of Americas Debt Crisis and the Long Recovery. New York: W.W. Norton & Co..
Krugman, P. R. (2009). The Return of Depression Economics and the Crisis of 2008. New York: W.W. Norton.
Managing Recession: Strategic Responses to the Economic Downturn.. (2009). San Francisco: Bay Area Council Economic Institute.
Spending, b. h., taxes, i., 1936, w. o., 1), 1. T., mid-1937., 1938., et al. (n.d.). Lessons of the 1930s: There could be trouble ahead | The Economist. The Economist - World News, Politics, Economics, Business & Finance. Retrieved March 20, 2012, from http://www.economist.com/node/21541388 Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“There could be a trouble ahead Article Example | Topics and Well Written Essays - 250 words”, n.d.)
There could be a trouble ahead Article Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/macro-microeconomics/1591940-there-could-be-a-trouble-ahead
(There Could Be a Trouble Ahead Article Example | Topics and Well Written Essays - 250 Words)
There Could Be a Trouble Ahead Article Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/macro-microeconomics/1591940-there-could-be-a-trouble-ahead.
“There Could Be a Trouble Ahead Article Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/macro-microeconomics/1591940-there-could-be-a-trouble-ahead.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF There could be a trouble ahead

The Trouble with Scotland

...THE TROUBLE WITH SCOTLAND, A REVIEW OF MEL GIBSON’S BRAVEHEART "They may take our lives, but they'll never take our Freedom!" So resounds the voice of William Wallace as he attempts to rally his Scottish rebels for the first pitched battle of the movie. He was not 7 feet tall, nor was he able to consume the English with fireballs from his eyes and lightning from his rectum. Instead a mortal man rides out before the lines of his assembled host, answering and acknowledging the cries of fear. "You have come to fight as free men, and free men you are. Fight, and you may die; run - and you'll live; at least a while." He does not challenge them by chastising a very natural reluctance to risk life and limb, but rather bolsters the flagging...
7 Pages(1750 words)Essay

McDonalds Trouble-shooting Report

... Assignment 3 Trouble-shooting Report What one did and what were the observations. One observed a nearby McDonald’s fast food restaurant to accomplish the defined objectives of the task, to wit: (a) to provide a comprehensive description of the premises, both inside and out; (b) to determine how long it usually takes to receive one’s meal from the time it was ordered; and (c) to provide a thorough description of the service and the food. a. Description of Premises As one entered the premises, it could be observed that cleanliness was maintained by the entrance and within the parking lot area. The glass windows and doors were consistently sparkling clean, the floors were mopped to perfection, and the dining area (including tables and chairs...
6 Pages(1500 words)Book Report/Review

The trouble with scientists

... The Trouble with Scientists. The 1970’s saw the coining of a term in relation to food problems in the world, best known as “world food problem.” This phrase does not concern itself with the crisis of food prices and world food supplies but focuses on individual access to food and hunger. The problem is still dominant in the current decade and from the look of things it will still haunt us in the future. In fact, the global food crisis has been pulling us down for so long, approximately four decades now that it is starting to seem more like a permanent state of affairs than it is a crisis. Although malnutrition and hunger remain grave problems globally, the issue of world food supplies continues to reemerge constantly. There could...
4 Pages(1000 words)Essay

Chrysler in Trouble

...? Chrysler in Trouble of the of the of the Question Chrysler Motors LLC is an automobile company in the United States. In the year 1998 Chrysler decided to merge its company and enter into a partnership with Daimler Benz AG. Daimler Benz AG was a German company. At the time of the merger, it was decided that it will be a merger of equals. The plan was that Chrysler would use the architecture of Daimler in order to bring a control in its cost structure and on the other hand Daimler had a wish that Chrysler would promote its position in the automobile industry of the US market. However, the German company was found to be more dominant (Ghuman 628). The Americans started feeling that they were being deceived. The culture of the two countries...
6 Pages(1500 words)Admission/Application Essay

Trouble Shooting

...OBJECTIVE TO SIGNIFY THE RELEVANCE AND HIGHLIGHTS OF THE TROUBLESHOOTING, AND SOURCES THAT CAN PLAY VITAL ROLE IN THIS RESPECT. LEARNING GUIDE GUIDE THAT HIGHLIGHTS THE ROLE OF PEOPLE, BOOKS AND WEBPAGES IN CONDUCTING TROUBLESHOOTING OPERATIONS. TROUBLE SHOOTING RESOURCES Trouble shooting is the manner of rectifying problems related to physical, electronic parameter or conduct. The manner of first evaluating the source of a problem, and then applying feasible means of repairing those is the essence of trouble shooting. The course of trouble shooting is applied in systemic manner, such that all the specifications related to the problem and situation well properly evaluated and then handled accordingly. Electronics, software applications...
6 Pages(1500 words)Essay

Trouble in Paradise

...Review of ‘Trouble in Paradise’ ‘Trouble in Paradise’ was the first non musical comedy film, by German born director, Ernest Lubitsch in 1932. Though, Lubitsch started his career as an actor, he went on to become acclaimed director of comedy films, specializing in silent, musical and non musical comedy cinema that were full of satirical punch at the social hypocrisy. ‘Trouble in Paradise’ is a romantic comedy, set against the backdrop of lover’s paradise, Venice and Paris. The film is a fast paced dramatic escapades of the two con artists, Gaston, the protagonist and his accomplice, Lily, who make their living through swindling others. This is one of Lubitsch’s best and the most favorite film and had chosen the main character because he...
2 Pages(500 words)Essay

The Future Financial Health of Look Ahead

...The Future Financial Health of Look Ahead Executive Summary From the forecast figures provided by Look Ahead, this business report analyses the future financial health of the company. The analysis is based on the four statements prepared from the given estimates. The statements formulated for the analysis are Opening Balance Sheet – July 2007 Monthly Cash Flow Statements Profit and Loss Statement at the end of the 6 month period – December 2007 Projected Balance Sheet at the end of December 2007 These statements provided valuable information on the financial health of Look Ahead based on the estimates. Suggestions are provided based on the findings to maintain a strong financial position. Opening Balance Sheet – July 2007...
3 Pages(750 words)Essay

The Trouble with Celebrity Endorsers

... with saturated markets has been more about fashion and the desire for the latest and greatest shape or colour.” He added that people thought they could no longer afford such luxury. Ten days ago Nokia unveiled a range of cheap handsets aimed at emerging markets, including two internet and e-mail-enabled models for under $100. It also launched its Ovi internet service, aimed at a new generation of Indians. Mr Grant said: “This is the first time internet-enabled phones have been offered for under $100. With Ovi in India it is possible that many Indian people will have their first e-mail address as ovi.com sent from their mobile phone.” The Trouble with Celebrity Endorsements Celebrity spokespeople are expensive and risky, and they don't...
8 Pages(2000 words)Article

Fiat Auto: The Italian Giant in Trouble

Diversification is the process by which firms diversify their products or operation, administrative structure or managerial process or even their location for the purpose of growth and survival (Pearce, 1993). Most of the specialized firms are highly vulnerable to changes in the environment especially when these changes are fast and unforeseen by the firm. Under such circumstances, firms tend to diversify their products and diversification has been identified as a tool to tide over such situations towards the latter half of 20th century (Whittington and Mayer, 2000). It is considered as a device to minimize risk from any one investment (Goold, et. al., 1993). In the case of FIAT, the process of diversification started at the time...
9 Pages(2250 words)Essay

Go Ahead, Use facebook case

... Arguments Against Uncontrolled IT Technology opposes so many issues and factors of nature since it causes a lot of destruction to the habitat and the sustenance of the ecological systems and life support itself. Even in instances when technology consumes low amounts of the energy from the ecosystem and the work environment, the result is the amount of pollution and substances released into the atmosphere and the time consumed in the process within the work place reducing the efficiency of the workers. Presently, the scale of technology is so large that despite how benign its effects are to the work place are, it still has tangible effect on the productivity of the work place. Technology is contrary to the human nature leading... Arguments...
1 Pages(250 words)Case Study

Global Warming - Causes, Impacts, the Way Ahead

...Global Warming - Causes, Impacts, the Way Ahead Introduction Global warming is a phenomenon of rise in the average temperature of Earth's atmosphere and oceans since the late 19th century and its projected continuation. Since the mid-20th century, a large number of geologists, environmentalists and climate scientists around the world have gathered detailed observations and data related to various weather phenomena such as temperature, precipitation, ocean currents and storms and their long and short term impacts in terms of global warming. All such studies endorse the predictions that global warming will have devastating consequences and effects for whole earth and its life. The effects of global warming are already obvious as many...
5 Pages(1250 words)Essay

A New World Ahead: Are We Ready

...A New World Ahead—Are We Ready? The current wave of change has made organizational development a complex task, considering that the change experienced today is not only in relation to how the organization works, but also in the nature of the work itself (Henderson & Provo, 2006). The new workforce entering the workplace, the concept of globalization, the technological advancement and the new style of leadership that is emerging are some of the factors that have brought about the unprecedented change in the organizational framework. Thus, the success in dealing with the change exists in the ability to predict the futuristic tendencies, and thus be able to project what directions change will take in the future (Henderson & Provo, 2006...
2 Pages(500 words)Essay

Trouble Brews at Starbucks

... Trouble Brews at Starbucks Starbuck Company began in 1971 and was based at Seattle in Washington. It had specialized in the selling of whole bean coffee. In 1982, it had expanded into five stores that sold coffee beans, wholesale businesses that targeted local restraints and roasting facility (Starbucks Corporation n.pag.). In early 80s it was managed by Howard Schultz who came with a new idea from the Italy cafes (Buchanan and Simmons 67). He ended up purchasing it from the original owners for a sum of four million dollars with the aim of expanding his idea. The use of auto service and music label fueled the company growth. However, in 2007, trouble began when the company performance began to decline. It reported a reduction...
5 Pages(1250 words)Case Study

Trouble Relating to Women

...Trouble Relating to Women Presidential general election: Obama vs. Romney ad is ed by Sarah Minto as a civil campaign tool to enable the American understanding of the presidential contenders’ policy on the nature of remuneration for American workers and reproductive health. The ad is targeting all the American voters who are employed and experiencing payment discrimination as a basis for understanding of different opinions through which the payment gap can be bridged. Specifically, the ad can be said to be targeting women as the issues of payment discrimination and reproductive health affects most women in comparison to men. The Lilly Ledbetter fair pay act is the core subject of analysis in the ad and the position of the presidential...
1 Pages(250 words)Assignment

Challenges Ahead for Global Hospitality Industry

.... This scenario has affected the tourism and hospitality industry as a whole in a negative way. (Challenges ahead for global hospitality industry, 2009). Intensity of Rivalry: Hospitality industry is quite mature and is room to different kinds of players. Form five star hotels to budget hotels, there is a wide range of offering for the customers. In each segment there are a considerable number of hotels and they are vying for the consumer’s attention. The five star hotel segment is highly ranked in terms of service offerings and equally high room rates. Being accomplished brands all of them, the five star hotels have very little in terms of differentiation and therefore ‘degree of rivalry’ is naturally very high as they focus on the same...
10 Pages(2500 words)Research Paper

How Should Children in Trouble with the Law Be Responded to

...How should children in trouble with the law be responded to, by prioritizing their welfare or by prioritizing justice? The cognitive development of children is not at the same level as it is when they have reached adulthood. The way in which they understand complex social concepts is not the same as the concepts that adults have developed. Therefore, when children commit crimes they do not have the same perspective from which to draw logical choices. The decisions that lead to an illegal act are driven by concepts that have been twisted to include the acceptability of those decisions. Children have a centralized need to draw in all of the education that they can take, which often includes exploring less than legal experiences. As well...
9 Pages(2250 words)Essay

The Trouble with Wilderness

... The Trouble with Wilderness For over decades, the concept of wilderness has been a central tenet for a number of environmentalists across the entire globe. Indeed, it has served as the basis upon which every environmental movement relies- especially within the United States. Many Americans believe that wilderness stands to be the surviving and final place, where civilization, alongside other human environmental manipulations or diseases have never occurred or infected the earth fully. Wilderness thereby presents itself as the best remedy to human selves; a refuge that the human race must “somehow” work to recover if they wish to save their environmentally deteriorating planet. The Trouble with Wilderness- by William Cronon is thereby one...
7 Pages(1750 words)Assignment

Random Family: Love, Drugs, Trouble, and Coming of Age

...Random Family: Love, Drugs, Trouble, and Coming of Age Adrian Nicole LeBlanc was born in Leominister, Massachusetts. She is an American journalist whose works mainly focus on the marginalized members in the community, such as prostitutes, adolescents living in poverty, women in prison, and the homeless among others. LeBlanc is best known for her award-winning non-fiction novel Random Family. The book talks about the struggles of women as well as their family as they deal with babies, drugs, and love in the Bronx. For her exemplary works, she has received notable awards like the MacArthur Fellowship, Bunting Fellowship, Soros Media Fellowship from the Open Society, Margolis Award, Lettre Ulysses Award, and Holtzbrinck Fellowship. Adrian...
8 Pages(2000 words)Book Report/Review
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 Article on topic There could be a trouble ahead for FREE!

Contact Us