The issues of global sustainability have moved steadily from the back burner to the heart of politics and economics in the United States and around the world.
The needs of the developed and developing world are focused in the programs in environment, energy and sustainable development of human resources. Cf."Keys for Economic Understanding" www.Amazon.com book catalog for reference.
The earth is witnessing environmental change that is unique in its history. Increased levels of green house gases are warming the planet; the extinction of species is occurring at an ever-increasing rate; holes in the ozone layer are exposing us to harmful radiation. These are all the unintended consequences of growing human activities. We must learn about the results and better manage our interaction with natural systems. Our future leaders will plan ahead to craft effective solutions for the wellbeing of humanity in Sino-American Economics.
Governments seeking to reverse economic downturn would focus on increasing spending rather than on reducing taxes.
IMF Chief Economist Olivier Blanchard called for a coordinated global fiscal expansion equivalent to 2% of world GDP. Such implementation remains to be seen by member nations especially USA and China,two great nations on both sides of the Pacific.
Francis Shieh a.k.a. Xie Shihao,a watcher of economic policies for learning endeavor to share with readers in the New Year 2009 on New Year's Eve,December 31, 2008 at 6.30 a.m.
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