This website uses cookies to ensure you have the best experience. Learn more

The New Economic Map Of The World. Asia's Effect On The Western Economy. Post Globalized Economies.

553 words - 2 pages

The world is settling into three major blocs, and only one is especially interesting from an investment viewpoint. The
first bloc is Europe, which includes the expanded European
Union and will eventually include Russia and the UK. The
problems in Europe are well-known. The population is aging,
the economy is mature, the continent is burdened by an
accumulation of socialist policies, the entrepreneurial spirit is dampened by regulation and bureaucracy, and people put living the good life ahead of working hard.
The American bloc isn't much better. These economies are
also relatively mature, although there are opportunities
below the Equator. The US has grown soft. No politician
can propose anything that involves sacrifice. The price of oil soars and you don't do anything to seriously encourage
conservation. The war in Iraq causes a major increase in the
budget deficit, but you believe growth will generate tax
revenues to take care of the problem. I am more concerned
about the trade deficit. Your manufactured products are
uncompetitive and you don't provide the necessary incentives to expand the knowledge-based industries where you have an advantage.
The increasing cost of healthcare and retirement benefits
will be a drag on US profitability and will discourage investment.
Litigation costs are a terrible drag. Only in America does someone think when something goes wrong, "Who do I sue?" As a result, the economy will grow slowly and the dollar will continue to decline. Eventually the dollar will reach a point where investment in the US will become attractive again, and some of your products will be more competitive. Looking out further, there are promising prospects in nanotechnology and biotechnology, where you are the leader. But those are four to eight years...

Find Another Essay On The New Economic Map of the World. Asia's Effect on the Western Economy. Post-Globalized Economies.

The Consequences of an Increasingly Globalized World

1379 words - 6 pages traditional, ‘grass roots’ method of building a reputation at a local level and then moving on to higher office but instead, through support from economic, political and cultural groups, are elected to national government with little, if any, local experience . This represents a threat to democracy as, in an increasingly globalised economy, the economic aspect of this support, often corporations or business lobbies, may become dominant as they attempt to

Deconstructing the Map: The Hereford World Map

783 words - 4 pages The Hereford World Map is the world’s oldest surviving map of the world; it was made in 1300, during the beginning of the Renaissance in Europe. There was a wider range of influences on mapping during the later medieval period. With an increase in exploration, Europe began to evolve into an international continent; widespread travel can be seen by the influences of the Islamic world on architecture. While map making in China had flourished in

Effect of Monopolies on the Economy

866 words - 3 pages profit-maximizing monopolist is smaller than the socially optimal level of output." (Bernanke, 235) A loss in economic surplus results because the profit maximizing level of output is less than the socially optimal level.While some people might argue that monopolies are good for the economy they basically disrupt the free market supply and demand. Monopolies can play by their own rules and beat up on inferior competition and even sometimes the

The Negative Effect of Economy on Teenagers

2158 words - 9 pages resources and helps a greater subset of people. The federal government should be able to given another stimulus because if it works properly, the economic situation will start to improve. The greatest problem facing teenagers is the negative economic conditions. The economy has had many negative effects on teenagers. From being affected by the choices of adults in their lives, and making decisions about the lives, to being unable to improve their

Skills' obsolescence in the globalized world.

1517 words - 7 pages Nowadays world lives in a time of permanent changes. Things that were innovative yesterday – today becomes outdated. Time flies and technological progress lead world to new milestone of development. It is obvious that this process has an impact not only on the some technological issues but also humanity at all. Progress is necessary for this stage of development and one of the major points in this process is globalization. Globalization is

Terrorism's Effect On The Economy

635 words - 3 pages transformation into an always on-war economy will make the recession more severe and will drag economic growth for years to come. The impact of an ever-present terrorist threat differs from a typical war or natural disaster that often ends abruptly and rapidly returns to normal. Unlike past recessions and past wars, September 11th has added an incredible amount of costs and other financial burdens.The decrease in consumer spending has also put a

The Chaos and Division of Asia's History

1514 words - 7 pages country’s political and economic spheres. China’s history reveals how the religion led to emergence of chaos in the country. This shows that religion, in the history of Asia, was more divisive than uniting when individual countries considered their religions as different. Religious harmonization of Buddhism and Daoism was important to ending the wars that emerged from the struggle for influence between kingdoms (The Golden Age of China: 80). The

The Effect of Media on the World

1194 words - 5 pages Though the letter was replaced by a tweet, and the newspaper boy was replaced by a blogger, the effect of the media on the world is unparalleled. Still, there is always going to be the question of how much, and by what means, does the media affect our lives. To try to answer this question, resources such as the Imprints textbook, multiple news articles in prominent news agencies and other sources like The Guardian and Al Jazeera, and the

The Effect of Colonialism On The World

1378 words - 6 pages Sometime I think about the problems and effects that colonialism have caused in the whole world. Is it good or bad? “Colonialism has always had a bad reputation” (1). I suppose in essence, for the people being colonized, it cannot be a good thing. The world wide scramble for colonies, particularly in the late 19 early 20th centaury, had a tremendous negative effects on the economic, social, and political structures of indigenous, non

Post World War II: The Marshall Plan in Western Europe

1142 words - 5 pages attempt to answer the following question: To what extent did the Marshall Plan aid Western Europe amidst the devastation of post-WWII? Two main sources including Stephen E. Ambrose and Douglas Brinkley’s Rise to Globalism: American Foreign Policy Since 1938, and The USA and the Cold War, 1945-63 by Oliver Edwards will be assessed on their origin, purpose, value, and limitation. This essay will focus on how through the economic aid of the Marshall

The Effect of Minimum Wage on the American Economy

1047 words - 4 pages The Effect of Minimum Wage on the American Economy A sensitive topic for many Americans is their income. Many people’s income relies on minimum wage. In 2012, 3.6 million people received an hourly pay at or below the national minimum wage. There is an ongoing debate in Congress as to what the national minimum wage should be. Currently at $7.25, Obama has suggested raising the national minimum wage to $9.00. Depending on a person’s economic

Similar Essays

The Effect Of The New Deal On United States' Economy In Crisis

2826 words - 11 pages The Effect of The New Deal on United States' Economy in Crisis Ever since the details of the Great Depression began to emerge from the post-World War I rubble; historians have wondered how such a horrific catastrophe could have taken place. The following investigation will examine the role of the New Deal in improving the U.S. economic crisis from two differing perspectives: the New Deal, when viewed as a whole, was

International Political Economy Essay – China And The New Economic Order

2989 words - 12 pages " of the political a.gd ideological realms vis-a.-vis the economic realm. Unfortunately, neither western social theory in general nor the political economy of communication offers the necessary tools for analyzing the Chinese state. Within western social theory, earlier attempts byMarxist politi- cal economists to develop a state theorywereprematurelyburiedbytheglobaliza- tion paradigm celebrating the death of the state, on the one hand, and by

Blood, Tears, Poverty, Famine And Socio Economic Problems: Western Imperialism's Negative Effect On Southeast Asia

4012 words - 16 pages upon by Western imperialism and colonialism. The West truly had a detrimental impact on Indochina because it caused the collapse of Indochina's traditional system of government, loss and weakening of its pre-existing culture, diminishment of its people's prosperity and freedom, and destruction of its economy. Concisely, Indochina's relationship with the West brought nothing but bloodshed, tears, poverty, famine, and a legacy of economic and social

The Globalized World Essay

957 words - 4 pages "The Globalised World"- Appreciation Task 4By Shannon BrooksIntroduction: 104Choreographer Gideon Obarzenek and Melbourne's contemporary company Chunky Move came together to create the contemporary piece "Hydra." The story line and choreography were based off of and inspired by an ancient Greek myth about water goddesses who lured sailors to their deaths at sea. Obarzenek has used four men to represent the sailors and four women as the sea