When I googled 'Why Recession' I noticed that 5 out of the top 10 results were saying that recessions were good. I happen to disagree (unless your the manufacture of soup or a debt collector, recessions are damaging for the economy and more importantly cause economic hardship for many in the economy.) This is a collection of some essays I have written on Recessions in recent months. If you have any other questions about recessions, feel free to leave a comment.
Are Recessions Good or Bad?
Causes of Recessions
Dealing With Recessions
Examples of Recession
Most of the free-trade theories are based on experiences of the last century and do not consider the effects of the rise of non-democratic economies.
The simple free trade concept of exports paying for imports no longer holds when you are not a recipient of the export proceeds or there are no exports to speak of.
A good test of current economic theory( taken a s fact) would be to use it to model & forecast the end of the current recession or even predict the next one!
Post a Comment