What's Wrong with America's Economy?  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8731 (Apr. 2011), page 11-12.
Topik: Geographic Profiles; Economic Conditions; Economic Recovery; Unemployment; Labor Market; Politicians; Presidents; Economic Policy; Problems

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.66 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Time and again, when Americans have felt particularly glum, their economy has been on the brink of a revival. Americans are unhappy, and becoming more so, about their country's prospects and politicians' efforts to improve them. Though unemployment has been falling and share prices are close to a three-year high, house prices are still in the dumps and the price of petrol has soared to levels not seen since the summer of 2008. A careful reading of the polls suggests that Americans' worries stretch well beyond the next couple of years: about stagnating living standards and a dark future in an economy slow to create jobs, saddled with big government deficits and under threat from China. Tellingly, a majority now regard China, not America, as the world's leading economy. The real worry for Americans should be that their politicians, not least their president, are doing so little to tackle the underlying problems. Technology and globalisation are remaking labour markets across the rich world, to the relative detriment of the lower-skilled. That's why a rosier outlook for America's economy does not necessarily mean a rosy future for all Americans. President Obama and his opponents can help to shape the process. Sadly, they are doing so for the worse rather than the better.

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