Global Growth of United States - Annotated Bibliography Example

Economic questions from chosen articles al Affiliation) Article Global growth of United s towards a new era Article by ING at http://view.ingcb.com/globalisation-towards-a-new-era?utm_source=CNBC&utm_medium=NCECO&utm_content=main&utm_campaign=IB2015 The article bases that argument on the developments that have occurred in the country from the time of cold war. Globalization is a factor that has been seen to transform the world resulting to the boost of the economy connecting United States has had with other developing countries. Players involved The players in the economy in this aspect are different governments that trade with United States. Trade has also involved industries, organizations, and different companies. Individuals have been players also as they increase demand of goods enhancing globalization. Opinion Globalization has had much effect on the economy of United States, as there is continuous flow in goods and people into the economy. Globalization has enabled improvement of the economy, as there is increase in the breadth and depth in connection between nations, regions, companies and billions of people. Globalization in the country has led to more goods resulting to more satisfaction of consumers in the country. Trade that has increase in the country has resulted to improvement in the lives of those in the country and has caused an increase in GDP of the country. Global value chain in United States has increased as most goods are being sold in other parts of the world in in emerging markets. Further spread in value chain distribution has increased gains hence also an increase and boost of the economy of the country. Article 2 Harsh winter weather estimated to cost United States economy 50 billion dollars Source: US economy at the link http://articles.latimes.com/keyword/u-s-economy The article dated 14th February 2014 argues that the severe weather that hit the country during that winter. The argument here is that the loss was due to the berries that the weather posed on production ad over 76000 jobs. The snow and ice that were experienced in the winter covered about 0.3 % of places that economic development can be carried. Players involved The main players in the situation were the manufacturing companies that were not able to manufacture their goods an individual that the weather caused not to be able to attend to their jobs. Opinion The winter was not good and made the country incur the cost sine there was no ability to carry out most economic activities. The cost that was incurred by United States was due to the occurrence of the weather at a time when the country was preparing to host the winter Olympic. This hindered the labor growth market hence reduction in economic activities in the country. The government also used money and resources in funding managers and strategists. The economy with about 15.7 trillion in total output and gross domestic product was reduced to about 47 billion dollars. The effect that was caused by the weather to the economy was that there was minimal space and time that could be used in production and goods were not much produced to satisfy the consumer needs but there was importation of what was not produced in the country at the time. Article 3 Millennial generation less expected to make use of traditional banks Source: US Economy in the link http://articles.latimes.com/keyword/u-s-economy The article that was written by Ronald White dated 21th March 2014 argued that the money habits that have been developed in the country is that which the millennial generation are seen to be affiliated to traditional banks. The finding is from a survey that was carried out in more than 25,000 adults. There has been a claim by the population that they do not value the traditional banking techniques. Players involved The main players in the situation are the banks and the people that deposit their money in the traditional banks. Opinion The survey that was carried out has been found to have an estimation margin of 0.5%. There should be consideration that a third of population in the United States are made by the millennial generation. The survey is also valid as it was carried out with consideration that the generation in the country was born between 1978 and 1994. This is a large population that when they do not use the traditional banks that are still used in the country, there is reduction in the economic activities that are carried out through the banks. The reduction influences the economic growth of the country as fewer activities are carried out. Reduction in operation of the banks also reduces the GDP and is able to result to inflation as there is money circulating in the economy and the money cannot be controlled by the banks Article 4 Cybercrimes costs United States economy up to 140 billion annually Source: US Economy in the link http://articles.latimes.com/keyword/u-s-economy An article that was written by Paresh Dave was with the intention of bridging out the factors that cyber-attacks have caused to the economy of United States. According to the author, cyber-attacks are thought to be draining as much as 140 million dollars in the country and at the same time also draining half a million jobs in the country. This results to an estimation of a trillion losses. Players involved The main players in the article are the companies that are involved in cyber-attacks. Opinion The study carried out indicates that cyber-attacks have been a threat to the economy of the country. The main company that has been linked to cyber-attacks is Mc Afee and the figures that the study came up with are those that were obtained from relying on models, such as those that are used in estimating the economic effect of car crashes and ocean privacy instead of carrying out surveys by the companies. Cyber-attack has been a problem that has been seen affecting the economy of United States as everything in the current situation is done through the internet. Cyber-attack in United States has affected the economies as many business that run purely on the internet without location of offices. Through cyber-attacks, the business are not carried out as there is threat of losing the data or one getting into the system to interfere with the business. When there is reduction in the business that are carried out in the country, there is drop in the economy of the country. Article 5 US jobs increase in January Source: US Economy in the link http://articles.latimes.com/keyword/u-s-economy According to the article written by Shan Li in March 2014, there was prediction that there were chances in the growth in the economy in January despite the harsh weather that was likely to be experienced in the period. This was through the positive indications that were in the labor markets as leisure and hospitality department added around 156000 new openings in the first month of the year. Players involved The key players in the situation was leisure and hospitality department and construction department of unites states as these are the departments that had opened job opportunities. Labor department also played an important role in identifying the opportunities. Opinion Increase in job opportunities in the different departments will lead to increment in the economy, as there will b increase in production. Increased production due to increased work force also increases the standards of living of those that live in the country. Improvements in the departments led to increase in goods to satisfy the needs of the citizen and hence increase in Gross Domestic Product. Education and health departments have also increased the number of job opportunities in the sectors. This however was not covered in the report that was released in the article. Increase in job opportunities has had a positive effect on the economy of United States. Article 6 US economy to grow at solid rate but labor market to recovers slowly Source: US Economy in the link http://articles.latimes.com/keyword/u-s-economy Don Lee wrote the article on 4th February 2014. The article proposed that the economy of the country should grow at a solid and steady rate over the next few years but the labor market is expected to recover slowly. Growth in the economy was expected to come from different sectors in the country die to initiatives that were out in the sectors. Players involved The key players in the economic development according to the article were from all the sectors of the economy. The sectors are to coordinate to make the growth to happen as thought. Opinion Growth in the economy is due to several factors that are in the industries and different sectors of the economy. Forecast was made that growth was to increase with a percentage of 3.1 in the years. Much boost was to be from in housing sector and investments that were made in businesses. The output due to growth in the sectors was projected to be at a speed up to 3.4 % in each year of the two considered years (Quiggin, 2010). Labor market was expected to recover slowly as there was no creation of new job opportunities due to the growth. The labor force at the time of the economy was enough in making the expected growth in the economy. The solid rate that the economy was expected to grow was positive leading to increase in living standards and also improving the Gross Domestic Product of the country. Article 7 Stocks continue to slide after week US manufacturing report Source: US Economy in the link http://articles.latimes.com/keyword/u-s-economy In an article that was written by Andrew Tangel in February 3rd 2014 indicated that there was reduction in manufacturing sector of United States. The worry in this aspect was by China and other developing countries that no country was ready to question the growth in the country (Quiggin, 2010). Reduction in manufacturing activities in United States indicates that there was a negative growth in the country. Players involved The key players in this aspect were the manufacturing companies and organization as they were the ones responsible in ensuring that the production was that which could be able to satisfy the country and other trade partners. Opinion In the research that were carried out in the country on the rate of goods manufacture in the country, there was finding that the average was down 224.64 points in trade that occurred in New York. The fall in stock that was observed in the country was due to reduction in manufacturing rates in the country. There was argument that the reduction in the stock was also due to reduction in use of technology in some sectors of the economy. The reduction in manufacturing rate affected several developing countries that depended on trade with the country. Slide in stock after week manufacturing report resulted to negative growth in economy of the country. Article 8 US copyright industries adds 1 trillion to GDP Source: US Economy in the link http://articles.latimes.com/keyword/u-s-economy The article that was written by Richard Verrier in November 19th 2013 indicates that the economic contributions of U.S. copyright industries reached new heights last year, for the first time contributing more than $1 trillion to the gross domestic product and accounting for 6.5% of the nations economy, according to a new report (Quiggin, 2010). The study tracks the economic effect and contributions of U.S. industries engaged in the creation and distribution of computer software, video games, books, newspapers, periodicals and journals, as well as motion pictures, music, radio and television programming. Players involved The main players in these aspects are the mass media and the authorities that are involved in maintaining law of copyrights Opinion The copyright is able to bring the difference in the GDP of United States because of several media services and other industries that protect against copyrights; the growth that was brought to the economy through the GDP is a positive trend. The positive trend is also due to many industries that need their trademarks to be protecting (Quiggin, 2010). The study that was made was right as it tracks the economic effect and contributions of U.S. industries engaged in the creation and distribution of computer software, video games, books, newspapers, periodicals and journals, as well as motion pictures, music, radio and television programming. All the activities also increase stock in different sectors of the economy. Article 9 US economy remain on solid footing Source: US Economy in the link http://articles.latimes.com/keyword/u-s-economy In a publication that was made by Reuters on September 27th 1997, the article brought out the factor that the economy was to remain on solid footing. In the time, The United States economy progressive less strongly through the next quarter as compared to earlier thought, the Department of Commerce aid Friday, but presented no symbols of breaking the rate of activities. Gross domestic product, the widest indication of economic action in the national onset, increased at a 3.3 percentage yearly degree in the quarter, down from the 3.6% stated in the previous months as was brought out by the Commerce Department. Price inflation, however revised upward, remained subdued. Players involved The main players in the economy in this aspect are the commercial department. The department took the responsibility in ensuring that the economy does not fall. Opinion The economy of United States has remained stolid still such that there are no extreme reductions that can result onto problems such as inflation that reduces the finances and resources available, the stand still in the economy has brought a positive effect to the economy. Article 10 A helping hand or cold shoulder for the middle class Source: US Economy in the link http://articles.latimes.com/keyword/u-s-economy The article that was published in March 16th 2014 by Michael Hiltzik was on the answer that could be given by the different classes in United States when they were asked the question on how the economy of the country was doing. Those that are rich in the country will respond to the question by saying that the economy is fabulous as they are able and can afford the high living standards in the country. The article also has considered their spending that is made at the luxury retailers. Players involved The main players in this aspect are the different classes that exist in the country and the companies that manufacture different goods to satisfy the needs of different classes. The government also is able to play a role in the situation through dictation on the goods that are consumed so that there is no gap in the classes. Opinion Goods that have been provided in the country are done according to different classes. In the argument, there is a situation brought out such that there is a big difference that occurs in different classes in the economy. Those that are rich will answer that the economy is fabulous as they are able to afford all that is provided for retail. Others will think that the economy is high. This is to those that are in the middle class and in the lower class as they are not able to afford all that is a retailed in the economy. The aspect of the economy leads to a positive effect on the economy as all are made to be equal. Read More