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World Economy

In: Business and Management

Submitted By chitsax
Words 2735
Pages 11
MBA

World Economy 4.703

Assignment:

“Both in France and Greece the incoming governments have promised to get their economies to grow again by increasing government expenditure, rather than implement policies designed to get back into budget surplus. Explain whether/or not you think that the government of New Zealand also should follow a similar policy”

TOPIC PAGE
Introduction.........................................................................................................3-4
Greece/France Policies and effects…………………………............................5
Root cause of Greece and France problems…………………..........................5-6
Differences: New Zealand and Greece/France……………….........................6-7
Keynes Doctrine Expansion Policy....................................................................7-8
Keynesian Doctrine as applied to New Zealand...............................................8-9
Unemployment: Effects and Benefits…………………………........................9-10
Trade Life Cycle/Superannuation/Inflation: New Zealand…………………10-11
External Debt…………………………………………………….…………….11-12
Conclusion………………………………………………………………………12
References………………………………………………………………………13-14

Introduction Source diagram: Google, (2012).
The Great Recession of 2007-2009 in most developed countries has resulted in high levels of unemployment (average about 9%) worldwide seen post World War II. This has seen an increase in public debt, mostly due to the reduced tax revenues as incomes were eroded or completely wiped out.
Many countries have taken steps to rectify this by undertaking recovery measures or policies that stimulate economic

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