The United States and world economic recovery.

2015 ◽  
pp. 52-57
Author(s):  
Evan L. Lewis
1974 ◽  
Vol 70 ◽  
pp. 23-37

The world economic position and prospects have worsened further in the last three months. In the United States and Japan, in particular, recessionary conditions are proving to be more marked and more prolonged than we had expected, and it looks as though by the end of the year all the major industrial countries, with the possible exception of France, will have experienced at least one quarter in which output has fallen or at best shown no appreciable rise. The other developed countries have fared better, but we no longer expect there to be any growth of output in the OECD area either in the second half of the year or in the year as a whole. In 1975 the position should be rather better, at least by the second half. We expect OECD countries' aggregate GNP to grow by about 2 per cent year-on-year and nearly 3 per cent between the fourth quarters of 1974 and 1975.


Significance However, the economic and geopolitical environment which facilitated its global regulatory success is changing. Impacts The EU’s unprecedented economic recovery plan should strengthen unity and give it confidence to act stronger on the global stage. Political values will play an increasingly prominent role in shaping the bloc’s relationship with countries such as China. The election of Democratic candidate Joe Biden will not guarantee closer regulatory ties between the United States and the EU.


2005 ◽  
Vol 4 (2) ◽  
pp. 114-127
Author(s):  
Shigeki Morinobu

Fiscally, Japan is in critical condition, which means future sustainable economic growth is at great risk. To rectify this situation, the Japanese government must shift its policy toward fiscal consolidation. Japan can learn many lessons from European countries and the United States, which achieved both fiscal consolidation and economic growth in the 1990s. Japan needs better management of the budget process, including the introduction of achievable fiscal targets and a medium-term planning framework for the budget. Such reforms should be implemented as soon as possible.


Author(s):  
Christopher H Tienken

Examining a popular political notion, this article presents results from a series of Spearman Rho calculations conducted to investigate relationships between countries’ rankings on international tests of mathematics and science and future economic competitiveness as measured by the 2006 World Economic Forum’s Growth Competitiveness Index (GCI). The study investigated the existence of relationships between international test rankings from three different time periods during the last 50 years of U.S. education policy development (i.e., 1957–1982, 1983–2000, and 2001–2006) and 2006 GCI ranks. It extends previous research on the topic by investigating how GCI rankings in the top 50 percent and bottom 50 percent relate to rankings on international tests for the countries that participated in each test. The study found that the relationship between ranks on international tests of mathematics and science and future economic strength is stronger among nations with lower-performing economies. Nations with strong economies, such as the United States, demonstrate a weaker, nonsignificant relationship.


2020 ◽  
Author(s):  
Raphael B. Stricker ◽  
Melissa Fesler

As we approach June 2020, more than five million people worldwide have been infected with the SARS-CoV-2 coronavirus and more than 300,000 have died of COVID-19 disease. International economies remain at a standstill, and social isolation based on palpable fear of death remains the order of the day. The United States and other countries are moving toward resuming work activities and social interaction to boost economic recovery. While this makes financial sense, from a medical perspective our population may suffer severe losses in the absence of a viable prophylaxis strategy for SARS-CoV-2. Herein we present a plan to address this problem.


Author(s):  
Judith Hamera

This chapter argues for Detroit as an image and an actual place that spatializes and racializes the affective fallout of deindustrialization using three plays whose 2013 New York runs coincided with both the city’s impending bankruptcy and the United States’ anemic recovery from the Great Recession: Detroit by Lisa D’Amour, Detroit’67 by Dominique Morisseau, and Motown the Musical by Berry Gordy. Each play uses Detroit to explore the interpersonal consequences of opportunities and crises in racialized capitalism. Each offers audiences intimate visions of the Fordist bargain in its seeming heyday, particularly compelling in a period of lackluster economic recovery. In this chapter I introduce the formulations “re-siting” and “re-citing” to analyze the ways elements of Detroit’s incendiary history of interracial confrontations are redeployed to support images of a capitalist work ethic transcending or succumbing to racist violence, and to link the city to a seemingly race-neutral contemporary precarity.


Subject Cuba extractive opportunities. Significance US President Barack Obama's recent visit to Cuba has increased hopes of an economic recovery in the isolated island nation. Cuba is said to have almost 250 mining and energy projects in need of investors and is experiencing a sudden, but modest, investment boost thanks to its rapprochement with the United States. Impacts The prospect of the embargo being lifted could encourage more foreign companies to invest now to beat a possible rush. The end of the embargo would be a boon for Canadian mining firms, facilitating investment, operations and sales. While some firms may sell their Cuban operations, others will see capital injections from US companies. Operational practices will face closer scrutiny, necessitating increased investment in raising standards.


Significance Japan is viewed by ASEAN states as the most constructive player among the major powers. China is seen as aggressive and the United States as unreliable under President Donald Trump. Impacts Suga is unlikely to remain in office for more than a year. Post-pandemic economic recovery in Japan will be slow due to weak demand for its manufactured goods at home and abroad. China’s stance over the disputed Senkaku/Diaoyu Islands and the missile threat from North Korea will be Tokyo’s top security concerns.


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