How Successful Has The American Government Been In Running Its Economy Over The Last Three Years?

_ US Economic PolicyIntroductionThe United States of America is one of the richest nations of the k in a flash leadge domain with nearly a fifth of the ball s Gross national Product emerging in the acres . The US has the highest direct of output in the world . The population now orbit 300 million people , the per capita income in the US now is nearly 45000 dollars per annum . In the last three years up to now , there have been concerns voiced about the health of the preservation . The chief concerns have been in the housing grocery store , which legion(predicate) feel has been overvalued . The savings rate has been coming down and thence impacting the growth rate negatively . Also the US figure has now seen a deficit on the current explanation as tax revenue expenditure has been growing faster than revenue growth . The deficit might get worse later(prenominal) in 2007 as the economy weakens further . Wage be have traditionally been high , and in a plastered situation have increased even more do some amounts of inflationThe Economic Intelligence Unit of the Economist has highlighted these problems go about by the US economy in recent quantify and also pointed to the falling exchange rate of the dollar with admiration to the Euro as an indicator of the weakening American economy . The particular(prenominal) report of the EIU released in August 2007 points out to the fact that the offshoot of the European and Asian economies in the sometime(prenominal) have led to a fall in the pivotal importance the US economy had in the world economy . The report points to the respite in the US economy leading to a belike fall in growth rates in the country in 2008 and onwardsIt is in this context that it becomes important to look at the state of the economy in the US in the past three years . In the past , the US economy had been doing well , despite the slowdowns seen in the rest of the developed world .

With low interest rates , high employment levels and a strong construction sector , the economy had seen balanced frugal growth with a robust export performance in the decade of the nineties Right at the outset it forget be important to underline the role played by the dislodge market operating in a egalitarian context . The US has remained wedded to the concept of a free market economy governed under unwavering democratic principlesThis has allowed a strong civil rights movement to flourish , consumer lobbies to argue strongly for anti monopolistic practices and a competition regulatory chemical mechanism in place . It is indeed this fundamental strength that allows the US to remain the world s most powerful economy in the democratic framework it works on and the political freedom the constitution guarantees . It is political freedom that enables the optimal use of resources in any country . Interest groups exert pressure on governments and ensure widespread and sustainable growth . Free market based economies like the US work on the principles of conventionality of law property rights and enforcement of...If you want to get a practiced essay, order it on our website: Orderessay

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