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I agree that Americas economic cycle is directly linked to the worlds combined economic cycles. However, NOT as a productive economy. American economy is exhaustive. Chinese economy is productive. If Americans start buying less global exports, then it will effect global economy to Atleast40-45% down trend. However, since Americans are the worlds largest consumer base, it's not possible for them to cut imports. China can easily influence Americas and global economy, by creating a shortage of products, and raising costs. China is also entering into a more influential role, by planning a international bank, that would most probably replace the WB and IMF in the long run. Only if America doesn't drag China into some war and sanctions before it.
To cut it short, No! World economy is not really dependent on American economy.
Depending on size of American economy and International trade is directly linked with Dollar and any imbalance in American trade can be witnessed internationally.
Hi ALL
Every one thinking that it is CYCLE that depend on US Economy growth? this THOUGHT Process has to change ?? At least from now2015 on words and develop your own products/services that will be useful to rest of the World population, except US. Why u all think depend on US Grouth. Think differently and positively.. if US is not there no other Country Exists,No other Humans Exist and we can not do any needy business/provide services with rest of the World Population. Think a While if US not Exists, how do you explore other emerging Markets in the other Continents and do the business. MY POINT IS DON'T DEPEND ON US. and relay on it, if u do so you will lost your business any time just like that and you will not grow and do service to other markets. Doing business with US initially looks good, but in long term may not be stable/profitable, because one or other SCAMS started from US and NO STANDARD PROCESS, every thing New Inventions and New Methods/Mad Following. more Overheads on Product Publicity(then the Product cost), that will not long last (short term gains only) business in standard nature. SO My POINT is atleast from NOW ONWORDS DON'T DEPEND ON US ,develop you products/service to serve rest of the World Population.
According to the size of the US economy and the global economy.
Did by helping of Google Translated.
The World economy depends on the US. Trump's domestic economic policies will increase the US deficits and challenge the ability of the the country to fully recover from the 2008 financial crisis. Otherwise the changes will affect more the American middle classes than the world economy.
I think it is no more, since the center of economic gravity is around the Strait of Malacca. But nevertheless, US keeps on being the technological leader.
its depend on the size in the general ..
..i would say yes if you're taking about economy consumer everyone know how huge is the american economy
but when we are talking about productive economy china and india are going to be on the top of the list
i don't think so. because you can witness the growth and success of the turkish economy. they are manufacturing almost every thing they need,by that diminishing the need for importing. we can't deny the effect of the USA political stands on the universal crises,since they are one of the most significant forces on earth. but we have to remember their internal crises politically, economically and the unemployment, health sector issues; all will keep them busy some what.
my point is that any nation is capable of building a strong flourishing future ,if the population decides to do so, a living witness is Germany economic superiority build by women after the war. regardless of their twisted ideology of clamming the superiority by blood .whcih is wrong
in my opinion, Usa economic health is still influencing the world economy trend. The reason in mainly :
1- the importance of the usa economy relatively to global economy.
2- the huge connexion to american economy for develpped countries economy.
3- American Financial system represent the hub of the world financial system
To demonstrate that, I'll take two exemples :
the first examlpeis related to the last financial crisis. USA finacial crisis had generated tough global financial one in Greece, Irland, Portugal, spain .... and the decrease of the economies for countries like italy, france..
Up to now, Countries like greece, spain italy still assume the consequences of the amercian financial crisis7 years later. Greece political regime is changing mainly because of this situation. And Far Left is in governement perhaps for the first time in european countries.
The second example is about the USA control of the prices of raw materials and energy. The control is due, firstable, to the fact that USA is the first consumer in the World, and second to political foreign power of the USA.
In simple terms yes and that is because they have currentlly the strongest economyin the world. They have vast power in their hands economically in terms of growth. However, in years to come it seems China and India will be competiting for the number one spot.
Yes in great amount. Like a small city is dependent on a factory that is working there the world economy is dependent on US Economy as it is the largest provider of hardware, software, finances, ideas and service. Economic crisis can act as a proof to that as any decline in US Economy trickles down to the rest of the world