Economic Growth

Paper Summary:

This paper explains that, domestically, two of the most important current economic problems are inflation and interest rates; whereas, internationally, long term stability and America's shift to an aggressive mode of economics are the central issues. The author points out that these factors mean that financial managers must be up with the game--alert, prepared and bold--by adopting a more aggressive regime with better communications and heavy investment in the private sector. The paper stresses that being bold and aggressive does not always refer to investing because excessive growth is as dangerous as excessive recession; therefore, the best financial managers are the ones who most successfully operate within this balance.

From the Paper:

"This long-term growth in America, peaking now in the last two years, with hopes to continue to steadily grow, has been in sharp contrast to the general recession the rest of the world has felt over the last decade. Especially hard hit in recent years were countries in Asia, who collapsed when many of their principal financial institutions crashed. While America's economy has been steadily growing and expanding, many countries around the world are facing difficult restructuring to maintain competitiveness in the global market. America's aggressive, private-sector has pushed the bar further in creating the monster that has become a truly global economy."

More papers on Economic Growth:

• Essay # 84428 : "Economic Growth in Malaysia "
• Comparison Essay # 7094 : "Financial Development and Economic Growth"
• Term Paper # 133084 : "Economic Growth and Inequality"
• Case Study # 73270 : "Developing Countries and High Economic Growth"

APA Citation:

MLA Citation: