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The future global role and development of the US economy

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European View

Abstract

The US economy is facing, as are many other economies across the globe, the challenge of overcoming the current recession while having no single satisfactory solution to follow. A result of globalisation is that countries are increasingly interconnected, especially in terms of their economies; consequently, decisions taken in the US will have an effect overseas. After assessing the Obama administration’s spending plans in the areas of finance, energy, health care and taxation, Diana Furchtgott-Roth argues that cutting individual tax rates is the most effective measure for overcoming the crisis. A programme to enhance growth will not only restore confidence in the American economy but will also be of benefit to global economies.

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Notes

  1. See President Obama’s address to the Joint Session of Congress on 24 February 2009 [13].

  2. See the speech by President Jimmy Carter [5] delivered to the national television audience on 18 April 1977.

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Authors and Affiliations

  1. Hudson Institute, 1015 15th Street, N.W. 6th Floor, Washington DC, 20005, USA

    Diana Furchtgott-Roth

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  1. Diana Furchtgott-Roth
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Correspondence to Diana Furchtgott-Roth.

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Furchtgott-Roth, D. The future global role and development of the US economy. European View 8, 39–46 (2009). https://doi.org/10.1007/s12290-009-0073-y

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  • DOI: https://doi.org/10.1007/s12290-009-0073-y

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