1. Budget Speech - Global Economics
Positive GDP a good indicator, but it is essentially meaningless in the context of a recession unless it creates employment, or at the very least reverses job losses. ... The initial loss of jobs correlates with the early stages of the recession. ... At most, the conclusion that can be drawn from this is that countercyclical policy, possibly through effects on economic growth rates, was successful in curbing job losses, but has not been successful in recovering these jobs. ... In his analysis of the newly industrialized countries of East Asia, Evans (2010:43) argues that an effective public se...
- Word Count: 2383
- Approx Pages: 10
- Grade Level: Undergraduate