¶ … American slowdown" is written in April 2008, just before the U.S. entered the period of official recession, but also before some of the resounding financial failures such as the demise of financial institutions as the AIG or Lehman Brothers, along with the stimulus packages that will either take the country out of the recession or make the budgetary deficit more palpable. From this perspective, it is interesting to see the perspective of people a year ago, when everybody estimated that this is likely to be a shallow, but potentially a lengthy recovery will follow.
Such a premise is no longer so valid. Many of the estimates point out that it will only be some time next year that the U.S. economy is likely to pick up, which is a very long time for a recession, if we consider that 2008 can also be considered a recession year. The idea that the recovery is going to be lengthy can also be debated, especially since we consider the measures that the Obama Administration has already taken and the money pumped in the economy. At the same time, one also needs to consider that after the economic depression of 1929, it wasn't until 1945 that the economy could be considered as having resumed the same levels as before.
The authors point out that a slower growth (and a slow recovery) may be what the world economy actually needs, because it would be a more sustainable growth and it would allow the developing countries to correlate the macroeconomic mechanisms with this economic growth. Nevertheless, in my opinion, a slower recovery in the U.S. will have a negative impact on all the countries that use the U.S. As their main commercial partner.
Bibliography
1. The Great American Slowdown. Economist.com. On the Internet at http://www.economist.com/opinion/displaystory.cfm?story_id=11016333.Lastretrieved on March 20, 2009
The Great American Slowdown. Economist.com. On the Internet at http://www.economist.com/opinion/displaystory.cfm?story_id=11016333.Lastretrieved on March 20, 2009
It was not until the subsequent eight months that the revisions in the GDP data which revealed declining real GDP for the first, second, and also the third quarters of the year 2001." ("NBER's Recession Dating Procedure," 2003) the graphs showing Quarterly real GDP, Real Personal Income less Transfers and Payroll Employment is stated in Exhibit -I, Exhibit -II, and Exhibit -III repectively. ("NBER's Recession Dating Procedure," 2003) VI. Economically
2007 Economic Crisis on American Car market Effect of the 2008 global economic crisis on automotive industries Crisis in the United States Crisis in Canada Crisis in Russia Crisis in European markets Crisis in Asian markets Effects by other related crisis events In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will
external components of sourcing and internal vs. external assembly. (Rao, 2001) Advantages of Outsourcing Outsourcing also referred to as competitive sourcing is considered to be a basic variation made by the private agencies to restructure the business strategies and boost the competitive advantages of the organization. Outsourcing of many human resources management functions like recruitment, training and benefits of administration is resorted to by the companies with a view to entailing
The name of Horace Mann is still known today, the first Secretary of the Massachusetts Board of Education, as he tried to make a practical education available to all, including recent immigrants, which he argued would be an important part of their socialization into the national culture (Browne, 2003, p.3). Boston suffered a great deal during the Great Depression. "With the outbreak of War II, factories were retooled for the
The United States was also very much economically dependent on the old-growth conifer forests of the Pacific Northwest during the period of heavy deforestation that occurred there. This dependence was not as total as Brazil's is, due to the sheer size of the country and abundance of other resources in the nation, but during the development of the nineteenth century especially the lumber that the old -- growth forests provided
" In fact that showdown with labor "produced a cultural shift, a new sense of what can be appropriate in business management." The entire Reagan era, according to Will, a well-known conservative commentator - who wrote this piece at the time of Reagan's passing - is remembered "more for the tax-cutting and deregulating that helped, with the information technologies, to shift the economy into a hitherto unknown overdrive." Another event that
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now