10. What type of impact do you think the United States economy has on the World economy?
371037
Huge, we are the biggest importer in the world. If nobody has money here to buy foreign made products, than the rest of the world loses money and vice versa.
781042
It would have to be offset to some degree with higher tax rates, which could further the tax advantages that investors have over wage earners.  If it was done properly, it would be at a rate of around 20% where it is offsetting more income of the lower tax brackets and less income of the higher tax brackets.\n\nIt would encourage domestic investment and increase the savings rate.  It would decrease foreign investments made by Americans.  It would probably slightly strengthen the dollar.  However foreign countries may react to this by decreasing their investments in the US by an amount that would offset any advantages of increased investment domestically.
35056
Yes, the U.S is one of the best places to live...we are also one of the world's powers, plus it would be good for the economy.
321940
I think at this moment in time, anything can improve the economy.  I can't even imagine it going downhill from here.  It has gotten so bad in some parts, the only place to look is up.  I think the only thing that can bring the economy down is shipping off millions of immigrants who take the jobs that most native citizens couldn't afford to take anyway.
146902
this will explain the economy.\nhttp://www.philipdru.com/griffin3_stream.html
754895
I'm not sure what grade level we're going for here, because if it's for  middle school, you don't want to get too complicated.\n\nEssentially though:\n\nComparision: China started implementing a lot of reforms in the late 1970s to open their communist style of government (where the government owns all the industry) to having more market style. And this has helped their industry boom to now. United States is a market based economy.\n\nContrast: US's GDP is about 10 times that of China's, and the per capita in US is also about 10 times as high. Most of US economy is the service sector (people providing services that they charge money for) whereas most of China's economy is industry (making stuff).\n\nChina's economy is growing at about 10% a year, and the US is growing at about 3% a year.\n\nAlso, a big difference in US economy/society and China is that in the US, there are more safeguards for Intellectual Property...meaning if someone creates something, we give them patents so they can say it is their idea and make money on it. In China intellectual property isn't really as valuable, so that stifles a lot of their creativity or desire to create new things.\n\nAlso a big difference is the US currency, the dollar, is traded on the open market. Meaning other people can buy or sell the dollar, so the value of it can change depending on how powerful people think our economy is. On the other hand, China's government decides how much the Chinese currency, the yuan, should be worth.
642823
As it stands, the US economy is more "flexible." Currency markets are liquid, institutions (banks, government) are advanced and modern, and education/innovation is strong. Also just the fact that the US economy is so large 6x that of the next largest, gives them a tremendous amount of leverage (which they have taken). \n\nChina's economy is still ridged and protected in many areas. The banking system is still relatively weak and the markets are not strong at all. Because of these things, they cannot allow their currency to "float" on market forces.\n\nHaving said that, we are in the middle of a shift of economic power to the East and China will be at the center of it. In 20 years, there will be no question who's economy is stronger. China will continue to rise as the US continues to become a marginalized world influence.
359445
I would have to say Wal Mart's current effect on the economy is very bd for these reasons\n\n1. The majority of products they sell are imported from China, which does not benefit US manufacturing\n2. Businesses trying to stay competetive have to find cheap sources for goods, so they also have to turn to imported products\n3. The jobs Wal-Mart provides are usually low-wage, no benefit type jobs\n4.Wal-Mart workers have to turn to Federal programs such as Medicaid and foodstamps to help subsidize their low pay, therefore adding to the tax burden rather than contributing to it\n5.Wal-Mart regularly negotiates tax breaks and incentives for itself from communities where it locates, so it does not contribute a fair share to the tax system\n6.The smaller competitors Wal-Mart drives out of business no longer pay into the tax system, Wal-Mart does not pay a fair share, therefore the people in the community have to make up for this deficiency with paying more taxes.\n\nthere are alot more reasons that Wal-Mart has a negative impact on the economy, but  you get the idea. Their business practices have mostly negative impacts on the economy, the only real positive is that you can buy a product for less at the store, but in the end, someone is paying very dearly for that discount.
339838
Those are very different questions.\n\nThe first I'd say WWI, the widescale adoption of the automobile, the general rise of automation and the decline of small-plot agriculture, the great depression, the new deal, and WWII.\n\nThe second I'd say probably the loosening of immigration restictions, the exodus from Europe preceeding the two world wars, and the rise of the united states as a world superpower.
776572
USA trades with North America under the NAFTA Agreement with Canada and Mexico. \n\nSeveral studies have been made on the impact of NAFTA on the United States. Here are some of the effects of USA's trading with North American countries:\n\n- removal of barriers to agricultural trade resulting in significant increases of USA export of agricultural products particularly to Mexico\n- improved transportation system between the countries\n- suffered declines in labor market esp. for garments and textiles\n\nYou may want to read the following studies\n\nThe Impact of NAFTA on the United States http://ideas.repec.org/a/aea/jecper/v15y2001i1p125-144.html\nNAFTA and its Impact on the United States http://www.econ.iastate.edu/classes/econ496/lence/spring2004/NAFTA.pdf
1102043
First, what high skill jobs are we gaining? The last report I read about job creation in the US said the complete opposite. Next, breadlines exist or haven't you heard the US has a homeless problem. Also, gas prices are going to continue to go up and not everyone can afford it. Finally, your last statement about loans and grants betrays an ignorance of economics that answers your own question. \nWhat is the trade deficit in the US? \nWhat is the average savings per American?\nHave wages kept pace with cost of living?\n\nI congratulate you on earning your degree. What kind of job do you now have?\n\nYou have chosen one of the fastest growing industries in the US. The criminal justice industry. Does that tell you anything about the direction this country is headed?
69220
Globalization means integrating our economy with world economy.
649738
Mr. Rogers (jrogers) obviously doesn't understand economics. The US economy has very serious structural problems that the Fed nor the American people can fix easily. If they do without some kind of crash, it will be a long and financially painful process for all Americans. Some of the problems are - National debt, government debt, dependence on oil that has limited supply, negative savings rate in 2005 (first time since the Depression) = weak dollar, inflation...the list goes on. \n\nChina will have economic struggles when the US starts falling apart as the US is China's largest buyer. But in the long-term, China has a much stronger base and will still be able to maintain growth throughout US decline as their local consumer market matures. \n\nThis is something that could have been predicted 10-15 years ago. We are now in the middle of it. Wait 20-25 years and you will see the US struggling to hang onto the last vestiges of it's once great and formerly the world's largest economy. Large strong economy + military/political might = Superpower.
174498
The USA is a 4th World Country with controlling the majority of Gold heald and the largest stock market in the world. 80% of all control happens from the USA.
1128049
The US tows the worlds economy, but soon it will stop based on the cost of energy/supply.  The solution is to change the economics of Renewable Energy by creating sellable spin-off benefits.
42706
The impact of global warming on the US economy.
679890
There is no one answer.  The "New Deal" made a big difference, as did World War II.  \n\nWWII was likely the largest factor.  At the end of WWII, The United States, The Soviet Union, and Japan were the only nations left standing.  Those three economies blossomed beyond all expectations (including the Soviet Union until the end of the cold war)