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US as a standalone economy
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| svens_bath |
im pretty sure i read somewhere once that the reasons for the US's economic might earlier in the 20thC was its ability to function as a standalone economy, by that i mean that it could function without trade from other nations, relying instead on an internal market (i think standalone is the correct term, i may be wrong) for any economists out there,(or anyone else!) would you say that this is still true today?
also, if anyone has a note of any good articles that address this issue i would be incomprehensibly grateful if you could point me in the right direction.
thanks :) |
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| occrider |
| There is no such thing as a standalone economy in this day and age ... at least not since the second world war. What makes the US economy so robust is that it's comparitvely one of the most resilient economies compared to any other global economy. Much of this is due to the corporate environment of the US. However, there is no way the US could function without the global economy. For example, the US relies upon imports along with the financing of its deficit. The rest of the world relies upon strong US consumption and demand. Eliminating any component would hurt all parties involved. |
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| pkcRAISTLIN |
| quote: | Originally posted by svens_bath
im pretty sure i read somewhere once that the reasons for the US's economic might earlier in the 20thC was its ability to function as a standalone economy, |
also due to the fact that their infrastructure & industries remained untouched during 2 world wars. |
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