Although America has experienced numerous recessions in the past none such have been characterized by such high unemployment along with a snail like rate of growth in GDP. To put it into perspective, "the Depression was the last time in American history that unemployment exceeded 8 percent four years after the onset of recession", coupled with the fact that GDP has grown at less than half the recovery rate compared to previous recessions (Stgilitz 2) (CBO 1). In order to stimulate more prosperity within the economy, effectively lowering the unemployment rate and lowering our GDP to d...

• Word Count: 2201
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

Globalisation has not led to economic prosperity for a vast proportion of the world population but instead backwardness and decline has occurred. ... According to this view, it makes little sense for America to produce textiles at home when they can be produced at a lower cost in Honduras or China (which unlike Honduras is a major source of American textile imports). Importing textile would benefit America as well as China. ... Last year the Bush administration announced it would give American farmers an extra $175 billion during the next decades. The yearly subsidy the US gives just to Americ...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states and non state actors alike, that attempt to resist these often ill defined phenomena captured by the all embracing notion of 'globalisation'. For example, the long term tendency towards freer trade, electronic commerce and the seemingly uncontrollable power of deregulated capital markets do...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate

On the other hand an increase in demand is mainly caused by increase in government expenditure, increase in private expenditure, increase in consumer spending as a results of modern-day credit purchases, reduction in taxes, governments repaying their debts, increase in population, as well as deficit financing. ... However economic analyst and Prime Minister Abe have stated that this is only short term as the economy gets back to terms with positive growth and inflation after 15 years of negative growth and deflation.So that Japanese economy would be at full power to match or play catch up wit...

• Word Count: 987
• Approx Pages: 4
• Grade Level: Undergraduate

In their paper, The Extent and History of Foreign Direct Investment in Japan, Ralph Paprzycki and Kyoji Fukao (2005) state that after the defeat of Japan in World War II, the American Occupation authorities imposed major FDI restrictions fearing that FDI would cause complications during the reconstruction process. ... It was the American Occupation authority that helped with the reconstruction efforts and the Japanese Government which used the FECL and the FIL to continue screening of foreign investments (pg. 13). ... Additionally, the Japanese economy is still slow to recover, consumption re...

• Word Count: 1985
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate