Difference between revisions of "Savings Levels in West Rise"
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(Created page with 'The world continues to recover from the financial crisis. Developed countries see an increase in savings rates. Inhibitors: 1. Debt levels need to be serviced 2. Unemployment r…') |
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Keynesian economists believe that a country can spend its way out of a recession. However, during the last few years of economic uncertainty, savings rates in developed economies are increasing. This decrease in consumption could prolong the recession. | |||
Inhibitors: | Inhibitors: | ||
1. | 1. Developed welfare programs lessening the cost of unemployment | ||
2. | 2. Government work programs | ||
3. | 3. High levels of innovation developing attractive new products | ||
Enablers: | Enablers: | ||
1. | 1. Push by some to use Hayekian economic principles | ||
2. | 2. Reduced demand by Asian countries to purchase US government debt | ||
[[http://scenariothinking.org/wiki/index.php/Future_of_the_City_Centre_2025#Economic_Driving_Forces]] | [[http://scenariothinking.org/wiki/index.php/Future_of_the_City_Centre_2025#Economic_Driving_Forces]] | ||
Latest revision as of 10:34, 7 September 2010
Keynesian economists believe that a country can spend its way out of a recession. However, during the last few years of economic uncertainty, savings rates in developed economies are increasing. This decrease in consumption could prolong the recession.
Inhibitors: 1. Developed welfare programs lessening the cost of unemployment 2. Government work programs 3. High levels of innovation developing attractive new products
Enablers: 1. Push by some to use Hayekian economic principles 2. Reduced demand by Asian countries to purchase US government debt
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