Accelerate the Recovery is Global Economy the Main Keynote
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The global economic trend in 2011 depends largely on the United States, Europe and China, the economic development of the three major economic blocks and the inter-relationship between them. Although the world economy still faces many problems today, but as long as there is no serious policy failures, the world economy will not dip again. The global economy in 2011 will accelerate the recovery of the year.
U.S. economy far into the decline stage. Recent U.S. corporate productivity and profitability are quite good. The U.S. economy is now the biggest problem facing the unemployment rate and the real estate market. These two issues have led to insufficient consumer demand.
If the recovery of the economic crisis need to go through a cycle, then the U.S. should now be said to be in the bottom of this cycle, excess capacity of about a quarter or so. Compared with European countries, the structure of the U.S. labor market is much more flexible. The United States in education, technology and R & D investment over the years has been quite high. It is in the global financial and energy market monopoly, and its legal framework and market structure, and the U.S. dollar as the world's major currencies, the unique position of the U.S. economic recovery have provided an advantage.
The Fed's policy of quantitative easing in the end if implemented, will increase a quarter of U.S. government debt. However, the U.S. debt in 2011 can not be turned into a crisis. Moreover, if the Fed then to implement a new round of quantitative easing, the new Congress in the United States will encounter considerable resistance.
The current debt crisis in Europe has attracted much attention. This is bearish on the world economy is an important factor. Under the existing system of the euro, there will be a very difficult country goes bankrupt. Because this would mean Europe, the U.S. and global economy back into chaos. If any European country can not save ourselves, but for other countries in the eurozone, the European Bank, the International Monetary Fund, the United States and China. These countries are not giving the rescue them, but to borrow money to help them weather the storm. This may not be economic returns than other investments.
The international community are still people on the Chinese economy in 2011 expressed doubts about whether it can maintain rapid growth. Their main business-cycle theory based on. It stands to reason that a country can not be more than 30 years there has always been low but not high-speed development period.
This theory itself is not wrong, however, different from China and Western countries. In Western developed countries, a country's level of development of different regions is a basic similar. In other words, an economic homogeneity. In this case, the rapid development of the country for many years, indeed inflationary and other factors, forced the economic slowdown or even recession. In the case of China, the national development levels: the coastal city with the mainland, large cities and small cities, first-tier cities and secondary cities, cities and towns, as well as between the various regional economic development level and at different rates. In other words, an economic complementarity. In a sense these economic regions that experienced a different economic cycle, and these different economic cycles in the central unity of adjustments, complement each other to ease and make up their own surpluses and deficiencies. This is for the whole country over the years provide the basis for sustained and rapid development. In this sense, the light can not be explained by cycles of economic phenomena in China.
U.S. and European economies face an insurmountable obstacle to cheap labor in emerging countries. Either adjust the exchange rate, lower wages and benefits, the implementation of industry reforms, they can not reverse this competitive disadvantage. If the West, high unemployment, the tendency of trade protectionism will gradually increase. Way to solve the world economic imbalances may eventually absorb Western technology in China is to complete the layout, while the economy to gradually develop and open market of 1.3 billion people, the completion of their well-off society, while the West to provide some effective demand. In 2011 this trend will be that it represents. |
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I'm Jerri Lily from , which offers quality products such as China Tile texture, China Coarse-brick texture, and many more.
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By :
Jessie Stone
Submitted
2010-12-27 11:22:49 |
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