The U.S. Recession

Paper Summary:

This paper hypothesizes that the economic difficulties currently encountered by the United States are not just a temporary shortage but rather represent the path to recession and that the economic recession in the U.S. not only affects the citizens of America but also citizens of other countries. The author describes the use of secondary data as the data collection plan. This data is presented in bullet point format. The paper concludes that this data is valid; thereby, the author concludes that the U.S. recession does effect the global economy.

Table of Contents:
Introduction
Research Hypotheses
Data Collection and Organization
Data Collected on U.S. Economic Status
Data Collected on the International Impact of the American Recession
Validity of Data

From the Paper:

"The employees in the foreign countries directly working with the American multinationals will also be affected as the payment capabilities of the U.S. organizations will decrease; ergo, the outsourced jobs could also become reduced, generating decreased living standards and increased unemployment rates in the foreign countries.
"The global growth was based on large amounts of liquidities, held by the American banks as a results of corporate deposits - money derived from consumers' purchases."

Sample of Sources Used:

• Beams, N., August 18, 2006, Warnings of a U.S. Recession and Global Slowdown, World Socialist Web Site, http://www.wsws.org/articles/2006/aug2006/usec-a18.shtml last accessed on July 16, 2008
• Caruba, A., June 6, 2003, The Decline and Fall of the U.S. Economy, The American Daily
• Chakravarty, M., Philipose, M., December 29, 2007, Impact of US Recession on India, Live Mint, http://www.livemint.com/2007/12/29005434/Impact-of-US-recession-on-Indi.html last accessed on July 16, 2008
• Krishnamurthy, B.V., January 24, 2008, Impact of a Possible U.S. Recession in India, Harvard Business Review
• Reich, R., March 10, 2008, The American Recession and the World's Emerging Economies, http://robertreich.blogspot.com/2008/03/american-recession-and-worlds-emerging.html last accessed on July 16, 2008

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