Global economy - asia-pacific

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Reference no: EM1356082

Global Economy: Asia-Pacific

A study of the global economic impact of the 2008-2009 recession on the global economy conducted by the Economic Policy Institute has shown that as of January 2010 the United States economy shrunk 5 percent compared to the pre-recession period. At the same time, the Asia-Pacific region grew by 14 percent.

What are the reasons for the decline of the U.S. economy and the growth of Asia-Pacific?

What consequences does this have for the global balance of power?

What do you think should the U.S. Government, businesses and the labor unions do to reverse this trend?

Reference no: EM1356082

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