The Bumpy Road to Globalization  

Oleh:

Osamu, Nariai

Jenis: Article from Bulletin/Magazine - ilmiah internasional
Dalam koleksi: Japan Echo vol. 35 no. 1 (Feb. 2008), page 7-9.
Topik: Road to Globalization

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ46.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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For about 10years through 2006, the world was in the virtuos circle of a "Goldilocks" economy. As the world economy took on a globalized form, industrial and emerging nations alike were able to sustain stable growth that was neither so hot as to cause inflation nor so cold as to cause a recession-"just right," in other words. With a boost from globalization, China and India emerged as rising economic powers, and positive supply shocks rippled through the manufacturing and service sectors. The emerging economies greatly expanded their supplies of inexpensive goods and service, which enable the global economic as a whole to enjoy price stability at the sama time as gross domestic product expanded. In the industrial nations in particular, cuts in key prices facilitated growth at low inflation rates.

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