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How Economic Changes can boost US Economy and save Free Entrepreneurship

How Economic Changes can boost US Economy and save Free Entrepreneurship

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Published by Joshua Ioji Konov

On the question, can the US economy succeed and maintain long-term Market Development under these new global market conditions? The answer is definitely yes, because in the equity based new arriving global economics the well developed and with high equity flexible US market/economy could be a leader; however, the revolution of prioritizing SME&I role should be implemented.

On the question, can the US economy succeed and maintain long-term Market Development under these new global market conditions? The answer is definitely yes, because in the equity based new arriving global economics the well developed and with high equity flexible US market/economy could be a leader; however, the revolution of prioritizing SME&I role should be implemented.

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Published by: Joshua Ioji Konov on Nov 15, 2012
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09/17/2013

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How Economic Changes can boost US Economy and saveFree Entrepreneurship
Under the brand new global market conditions
of rapid market (i.e. of economy, economies) globalization and risingproductivity;
of China’s industrial growth;
of improving technologies in manufacturing and the Internet;
of colossal size transnational corporations;
of Vietnam, India, Brazil, and e.g.;the theory of Market Equilibrium, Philips Curve, Productivity Effect^,Starving the Beast, Frontier Economics^^ the Frontier Thesis^^^ andmany other theories of economics, sociology or politics do not explaincomprehensively the needed changes that could prompt under these new conditions the US economy into longer term market development (i.e.economic growth). The 2007-9 Recession with its deep global equity reduction effect and the post recession sluggish rebound is a good examplefor how dysfunctional modern day economics is where it comes topredicting and countering the effect such upheaval had on the US and many other economies. The WTO, WB and IMF and the entire internationalfinancial system, which was suppose to prevent the spreading of economicdecline in production and capital failed to do it.The monetary, stimulus packages, quantitative easing, and e.g. measurestaken and being in process by the US, Japan, and China were counter-cyclical by nature far beyond Keynesian theories or even farther the rigid Austrian Economics so much practiced. Moreover, these have been acts of desperation pressured by the real market forces, however the governmentshelped save the global market from total collapse, whereas the ideological inits nature science of economics has been predicting inflation and doomeddollar that never materialized. Only the European Union continuedfollowing the ideological postulates, and the results has been catastrophic,indeed. Throughout this time, the US, Japanese and Chinese governmentshave been taking over business functions by physically buying share of companies, by giving easy money to different sections of the markets, and by interfering with the market balance (i.e. equilibrium). Many forms of  wealth distribution have been implemented too. It has become obvious forthe governments to save the market is necessary to raise demand and tohelp large financial institutions get rid of their evaporated equity, thuslending could be ignited, so the government acted for which highappreciation to President Obama and his decisive approaches.
 
However, what the US and other governments have been doing by directmarket interference should be supplemented and extended into long-termeconomic program to boost the market share of Small & Medium SizeBusinesses and Investors (SME&I) bringing them to the front-line asmarket agents.The market transmission-ability, whereas large sums of liquidity have beeninjected into the market through QE and other ways, is a paramount issueneeding immediate solution; the options are two either the governmenttakes bigger role in the overall business activities, or the SME&I are givensuch, thus the choice is between the inept governmental marketinterference or the market forces and competition to prompt a long-termmarket development. It is clear who should be doing it: the SME&I, but forthem to do it the overall Market Security should be enhanced to raiseSME&I’ lower-rate borrow-ability; through changes and enhancements of the intellectual property protection, the contract laws, the insurance and bonding provisions, of the corporate governing bodies personal liability laws, e.g. (http://bx.businessweek.com/market-economy /)
^ Australian Economic Papers, Vol. 48, Issue 2, pp. 105-123, June 2009^^http://www.frontier-economics.com/_library/publications/frontier%20bulletin%20-%20closing%20loopholes.pdf ^^^by historian  Frederick Jackson Turner in 1893
that will raise the Market Security and bring the related relative MarketCompetition Equilibrium in favor of SME&I.The overall globalization and rising productivity that broughtdeindustrialization of many developed markets followed by highunemployment and declining middle class and fiscal reserves could bepositive to these markets if diverse business activities expands; theProductivity approach (only) cannot keep up with these new global marketdevelopments, therefore more diversified business environment is neededto boost employment, whereas the Inflation/Deflation are the mainindicators for Market Balance (Equilibrium).The R&D and Better Education are equally important, however, diversemarket activities will expand overall capital and bring more opportunitiesfor connecting R&D and Education to the real markets.The Social and Infrastructural Expanses under these new conditions will become more equitable thus equally been used for Market Balance, howevertheir Market Share should be limited to additives whereas the free MarketCompletion should be considered for primary market agent.

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