The US Economy and the Sustainability of Bretton Woods II Download

Description:

Many observers of the American economy over the last decade see it as having returned to its earlier strengths, resuming its position as the world’s leading economic power. Some even assert that its dominance is linked to a new international trade and payments regime – called Bretton Woods II – whereby central banks of other nations, particularly in East Asia, continue to finance US consumption. Such an analysis, however, is a misreading. Although America has enjoyed a remarkable economic boom, particularly in the second half of the 1990s, its foundations have been rather wobbly. In particular, America’s need for continuing high imports of capital has created an unsustainable situation.

Submitted On:

27 Mar 2007

Submitted By:

admin (admin)

File Date:

27 Mar 2007

File Author:

Heribert Dieter

File Version:

v1

File Size:

122.61 Kb

File Type:

pdf

Downloads:

155