In the paper “Economic policy in the USA” the author analyzes how the founders of the government divvy up responsibility for economic policy, what theoretical tenets have guided economic policy, and how has economic policy evolved over time…
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United States applied Keynesian approach that supports fiscal policy as the best measure to boost socio-economic growth. Fiscal policy is important in managing economy within the projections of the government (Cohen 67). United States has over time used fiscal policy at national level as the best way to enhance expansionary economic policy. For instance, increased taxation has given the country revenue to fund various sectors and more importantly initiate economic stimulus programme. Such programmes help in creating more jobs which constitute expansionary measures hence boosting the overall national income per capita. The changing socio-economic and political structure of the contemporary society has initiated free-market economy. In this regard, United States uses monetary policy through its reserve bank to regulate inflation and hence boosts its global competitiveness in trade. The theoretical tenet behind monetary policy is the free interaction of forces of demand and supply (Cohen 120). It is also the basis of capitalism which has seen United States remain consistent in terms of global economic performance ranking. The monetary policy has also been critical to the United States considering the use of its currency as the standard of measure. This means consideration of its foreign policy on trade which depends on the strength of its currency in global market. Fiscal policy remains in force within United States towards welfare of the citizens and particularly towards provision of education and healthcare.
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This is needless to mention that United States is the largest economy and military power across the globe, also known as the Super Power. However, the foreign affairs and international relations experts are doubtful about the future of USA as they have started debating the rise of great China and its possible emergence as the future Super Power.
The report will highlight the external business environment of USA and offer insights to entry opportunities for Lupin in USA. This study will also focus on the competition level in pharmaceutical market and future prospect for Lupin to establish itself in the USA market as a pharmaceutical giant.
The author identifies the new world order and the system of New Imperialism with the USA and its global power. He associates previous and current policies of the state with racism and hegemony. He criticizes military policy of the government and underlines the important role of self-determination of other states.
Fiscal policy can exert an influence on the overall economic fortunes of a national economy primarily through the manipulation of spending programs and taxes. This forms the crux of the two warring overall perspectives on government and economy that are
There are two main categories of policy decisions namely domestic and foreign policies. The domestic policies’ main objectives are attempts to have a significant impact on the economy of a given country such as social security, health, and public welfare (Lind, &
ast, the USA has been able to acquire oil and natural gas that are important commodities in the running of industries and support of the transport sector. However, the USA has been involved in assaults that the Islam world has condemned and has since tried to counter by limiting