The year 2008 is predominantly known for its economic events that rocked the global financial markets and affected nearly all countries, China being inclusive. With no clear causative factors, the financial recession of 2008 is known to have devastated many nations especially in…
Download file to see previous pages...
With the main aim of ensuring recovery after the recession of 2008, the country has managed to record tremendous growth, particularly in the gross domestic product (GDP), which is used by its leaders in the benchmarking of the economy’s performance. In this study, I seek to address the concept of economic growth in China from a macroeconomic point of view, and how the same impacts on the US economy from a macroeconomic point of view (Chuang & Thomas, 2010; Morrison, 2013).
The economy of China has been considered as one of the fastest growing economies in the world taking into consideration its real annual gross domestic product (GDP) that has averagely grown to 10% in the year 2013. As such, China is regarded as a main global power in trade. The other economic achievements in China that make its economy to be growing faster is that fact that it is the largest manufacturer, the largest trading economy, the second-largest foreign direct investment (FDI) destination and the only country holding the largest number of foreign exchange reserves (Calhoun & Derluguian, 2011).
Within a span of only three decades beginning the year 1979, the rapidness in the economic rise of China can be considered as one of the major and the greatest success stories economically. However, this rating cannot be merited to that of the U.S.A considering that it has a lower per capita value as compared to the US (Gordon, 2008).
However, in the year 2008, China’s economic growth was adversely affected by the recession considering that significant declines were noted in its exports, FDI inflows and imports. Consequently, there was a slowed growth in the country’s GDP and a large number of the working population lost their jobs through forced retrenchments and early retirements. From the angle of macroeconomics, it can be said that the recession affected households, businesses and the public
...Download file to see next pagesRead More
Cite this document
(“The growth of China 2008 to 2013 impact on the U.S. economy Research Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1630440-the-growth-of-china-2008-to-2013-impact-on-the-us-economy
(The Growth of China 2008 to 2013 Impact on the U.S. Economy Research Paper)
“The Growth of China 2008 to 2013 Impact on the U.S. Economy Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1630440-the-growth-of-china-2008-to-2013-impact-on-the-us-economy.
Also the lower level of investment is creating negative effects on the level of production and thus on the amounts of banking deposits (Bexley et al., 2011, p. 2). This paper is aimed at describing the effects of the financial crisis on banking industry. The issue and positive and negative externalities: The list of disturbed banks on the watch list of the regulatory agencies is at a strangely high stage as well as is the absolute number of banks which are bankrupt and are forced to close.
According to the report the present technology evolution has also been documented as a factor behind the industry’s growth. The increase in development of these industries has different effects on the economy of U.S, an effect that affects the other countries. The following research will cover the impact of the U.S fast food industry on the global economy.
The financial crisis affected almost all sectors of the U.K. economy. This has resulted in a sluggish economic growth marked by high unemployment rates, high inflation, high interest rates, a decline in the balance of payment and depreciation of the pound. This paper provides an in-depth economic analysis of the current U.K. economy with the aim of showing what lies ahead of the country in terms of economic performance.
This paper focuses on the qualitative evaluation of U.S. current economic policies towards Asian economies. In the age of globalization, the growth of the developed nations became sustainable and the scope for progress of the developing nations improved. The changes in the state of affairs in US greatly affected the Asian economies.
The reasons that had led to the Recession have been discussed in details. The key reason for the crisis was the bursting of the housing bubble in the United States. The empirical data and analysis of the factors that had led to the crisis has been covered.
ation of Chinese Yuan, and the entire system of the country has captured the attention of international companies, particularly from North America and Canada. After the membership of the World Trade Organization, the developing country has turned into competitive field against
ership of Fidel Castro, the US saw this as the growth of Communism in the Northern hemisphere, especially very close to its borders, and imposed an embargo on exports to Cuba. At present, there are six statutes dealing with the embargo; the Trading with the Enemy Act of 1917,
Peoples’ sense of belonging is now keener than ever before. While people interact with the current changes in the world every day, their activities are majorly influenced by how they think about their nations and cultures. China and Japan have many things to share, but there are cultural differences that make the Chinese and Japanese people unique.
7 Pages(1750 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic The growth of China 2008 to 2013 impact on the U.S. economy for FREE!