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Economy has affected other nations although it should be noted that the downturn in is a global phenomenon. At least superficially it is the case that the recession is affecting different nations for reasons other than changes in the U.S. economy specifically.
Firstly it is the case that this economic downturn is a recent event relatively speaking. As a consequence, there are not many peer reviewed academic articles on the topic. Furthermore it may be the case that the full effect of this recession has not yet been felt and by extension there is a research gap for what is currently transpiring and future consequences.
Secondly any information disseminated from the economic downturn can be beneficial for future potential economic downturns. As it is the case that any impact that the downturn may have on a specific economy may yield possible contingency plans.
Why this information would be relevant to others is because any information gathered theoretically is of use to subjects as diverse as international commerce and policy, economics, developmental economics as well as sociology.
The article first highlighted that the BRIC nations (Brasil, Russia, India and China) are the most likely candidates for a speedy economic recovery and by extension are poised to help push a global economic recovery whilst the more economically developed nations (Europe, North America and Japan) are expected to lag. How this relates specifically to the United States is that the article specifically sites that American corporations and consumers are presently tamping down the impact of the economic stimulus package by increased saving. What this translates to is an estimated overall shrinking of the American economy of 2.8% in 2009. As a negative consequence of this action it could be predicted that this emerging/developing market growth could theoretically push interest rates in developed economies which in turn would increase the price of oil. Furthermore, increased savings
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and the other by Bush Jr. The last Iraq war and the ongoing Afghan war were included under the war on terror label. Many people believe that the conflicts with Iran, Libya and North Korea on various issues may force United States to open other war fronts in Middle East and other parts of the world.
As per the record maintained by the National Bureau of Economic Research's Business Cycle Dating Committee, the recession was officially declared to have ended by June, 2009 (Reddy cited in Hall). There did occur a baby recession period in US in 2001, though the actual recession occurred in the years of 2008 and 2009.
In 1606, the first colonialists from the Virginia Company left for the New World from England. The colony was then established in an island by the name Jamestown, in North America. Despite the favorable climate in Jamestown, the colonialists experienced the problem of lack of fresh water for drinking and thus most of them died within the first year of arrival due to attack by unknown diseases and starvation.
Also, economists forecasted that the contraction is not permanent; however, the abrupt shifting has worsened the EU recession (Pylas & Rising, 2013). In world market, this may result to the withdrawal of investments and collapse in confidence. For instance, countries worldwide may withdraw their investments in Germany, as they believed that the latter’s economic frame is unstable, and would just compromise their own problem.
roeconomic and financial risks which are faced by the developed countries .The risks are listed in the next section which is followed by the detailed discussion of each of the risks. List of Risks Macro Risk 1: High Public Debt Macro Risk 2 : Economic Stagnation Macro Risk 3 : Negative Balance of Trade Financial Risk 4 : Interest Rate Risk Financial Risk 5 : Inflation Risk The above 5 risks have been discussed in detail in the later section.
Fed employs the following monetary policy tools to maintain economic stability: defining a discount rate, establishing reserves requirements and open market operations (Brezina p.52). Therefore, this research will focus to investigate effects of the monetary policies applied by the Fed as discussed below under several sub-headings.
The global financial crisis rapidly resulted in the failure of world stock markets and subsequently the collapse large financial institutions. Countries with economic insecurity were largely affected since they could not effectively initiate various monetary tools.
According to the report a business cycle is the measure of economy-wide economic activity over several months or years and is calculated through the fluctuations in the production and incomes generated within the economy over that period of time. The economy’s output of goods and services is traditionally divided into four components.
China, being a socialist market economy is known to be having the second largest economy when measured in nominal GDP and purchasing power parity (Barth, Tatom & Yago, 2009; Siddique, 2007). Precisely, in the global
For the past few years, children living in poor conditions have extended to a higher level in developed countries. Additionally, the situation is worst in developing countries especially African countries. Developed countries, especially the OECD
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