Sample Essay on:
The U.S. & The World Economy

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Essay / Research Paper Abstract

A 5 page essay discussing different aspects of the world economy, in general, and the U.S. economy, in particular. The asset-price inflation bubble is discussed with examples of the two primary dangers associated with it. Bibliography lists 4 sources.

Page Count:

5 pages (~225 words per page)

File: D0_Usworld.doc

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Unformatted sample text from the term paper:

in Korea in the first quarter of this year. Imports into Asia are expected to fall by as much as 25 percent in some Asian countries, specifically Korea, Thailand and Indonesia. These data account for the projected decline in world trade growth to less than 6 percent this year as compared to the estimated 9 3/4 percent which means that as bad as it is, economists had expected the situation to be worse in Asia during the 1998 year. There has been a downturn in the personal sector demand in Japan which has affected the corporate sector. This means significant cutbacks in production levels which, in turn, create unemployment. For the first time since records have been kept, the unemployment rate of 4.3 percent in the United States is lower than it is in Japan where the rate is 12 percent (Genre, 1998). The downturn in Asia has been offset by continued strength in North American countries, especially by the domestic demands in these countries. Consumers have been spending a lot of money in both the US and in Canada. Savings in both countries are the lowest they have been since the late 1940s. Over the last three years, expenditures have risen far more quickly than has income. The growth of trade has been very strong within NAFTA and import levels are projected to raise another 13 percent during the 1998 year. This follows a very healthy rise of 15 percent increased trade in 1997. There is a projected 3 percent increase in the US GDP for this current year but it is expected to increase only by 2 percent in 1999 (Genre, 1998). The European picture varies by country. France and Spain are seeing growth while the UK, Italy and Germany there is a slowdown. Growth is especially slow ...

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