scholarly journals The American Economy Between the World Wars

Author(s):  
Jim Potter
Keyword(s):  
Author(s):  
E. Telegina ◽  
M. Tadzhiev

According to judgemental forecasts, in the next few years the revolutionary changes in the energy complex both in the USA and in the world in general are hardly possible, considering the enormous inertia of the energetic system and high expenses coming from the infrastructure supersession, even in case of cost-effective alternatives to the existing energy commodities. At the same time, the sharpening of energy security problems resulting from the growth of a global demand on energy products leads to perceprion of necessity for a new approach to forming the global energy market, and to development of new stability and reliability strategies maintenance for assured supplies of energy products. In recent years, the USA as the biggest consumer of energy resources in the world worked out a new national strategy of energy security provision. Its main targets are: meeting the requirements of the American economy of its own resources, lowering the import-dependence level, high use of innovation technologies, significant increase of investments in alternative energy sources, as well as of resource-and energy-saving.


2020 ◽  
pp. 1-30
Author(s):  
Lance Taylor

A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding exports) to the American economy by the rest of the world. This trading situation had already emerged around 1980, and led to the Plaza Accord in 1985. One common explanation is based on the Mundell-Fleming IS/LM/BP model. But this model cannot be valid, since the “BP” equation is not independent of “IS.” Other champions of this saving glut hypothesis rely on loanable funds theory, which is institutionally inadequate. More plausible analyses of the persistent trade imbalance can be derived from a two-country IS/LM set-up devised by Wynne Godley, a Kaleckian description of the political economy of East Asia and the United States, and dissection of the terms of trade due to W. Arthur Lewis and Luigi Pasinetti.


2005 ◽  
pp. 84-96 ◽  
Author(s):  
A. Porokhovsky

The author pays special attention to the USA leading positions in the world economy. The basic significance of traditional industries, first of all manufacturing, in the structure of the American economy and its evolution are underlined. The article analyzes in detail the increasing role of services including finance. Information technologies create new economic structure and new quality of economic growth. A reader learns from the article about sustainable reproduction role of business cycle in the past and present.


1975 ◽  
Vol 62 (3) ◽  
pp. 737
Author(s):  
Jordan A. Schwarz ◽  
Jim Potter
Keyword(s):  

Author(s):  
Jeffrey G. Williamson

AbstractMost analysts of the modern Latin American economy believe that it has always had very high levels of inequality. Indeed, some have argued that high inequality appeared very early in the post-conquest Americas, and that this fact supported rent-seeking and anti-growth institutions that help explain the disappointing growth performance we observe there even today. This paper argues to the contrary. Compared with the rest of the world, Latin American inequality wasnothigh either in pre-conquest 1491 or in the post-conquest decades following 1492. Indeed, it wasnoteven high in the mid-19thcentury just before Latin America’sbelle époque. It only became high thereafter. Historical persistence in Latin American inequality is a myth.


Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy ◽  
Светлана Гришина ◽  
...  

Econometric estimates of the sustainability of Latin American and South American economies based on catastrophe theory are given. It is established that the Latin American economy is developing relatively steadily. Brazil, Venezuela, Colombia and Chile are developing at an accelerated pace. The growth rates of the economies of these countries exceed the growth rates of the world economy. The growth rate of the economy of Chile, Colombia, and Venezuela is 4.5–5.5%. The most stable development of the economy of Colombia. The Brazilian economy is developing a little less steadily. The economy of Chile and Venezuela is steadily developing.


1976 ◽  
Vol 81 (3) ◽  
pp. 685
Author(s):  
Robert Higgs ◽  
Jim Potter
Keyword(s):  

2021 ◽  
Vol 2 (5) ◽  
Author(s):  
Victor Kilanko

With the world still battling COVID-19 and the attendant effect on the economy, the almost new President Biden’s administration proposed the Build Back Better agenda to get America and Americans working again. This paper is written to address the effect of the proposed infrastructure bill on the American economy. Comparison is drawn between the infrastructure bill and Franklin D. Roosevelt’s new deal before World War II. It is understood that the bill may increase inflation because of the effect of expected inflation, but the bill may also increase aggregate demand and aggregate supply which will be of overall net benefit to the economy.


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