Tag Archives: european

2014/06/8f838_norway_economy_7949720328_1942b07383

European Economy? Good or Bad?

Question by Nikita K: European Economy? Good or Bad?
Is the European economy better now than it was before? Is it in a better shape than other major countries in the world?

Best answer:

Answer by Mikka J
Depends on which particular European country you have in mind. Not all are equal…

What do you think? Answer below!

Question by ljay: How has the global economy impacted the US class structure?

Best answer:

Answer by simplicitus
Income inequality is a major and growing problem for the U.S.

http://www.rawstory.com/rs/2010/09/poll-wealth-distribution-similar-sweden/

http://www.rollingstone.com/politics/story/12699486/paul_krugman_on_the_great_wealth_transfer/

http://economistsview.typepad.com/economistsview/2010/09/the-great-income-shift.html

But there is no reason to believe it is due to globalization. Other developed countries have entered the global economy and not seen the kind of growing income inequality that the U.S. has. Check out such economies as Norway, Sweden, Germany, etc.

http://www.sourceoecd.org/upload/8108051etemp.pdf

http://en.wikipedia.org/wiki/List_of_countries_by_income_equality

It is even on the decline in parts of latin America

http://www.voxeu.org/index.php?q=node/5148

That suggests that income inequality in the U.S. is not due to globalization but to domestic policies.

http://www.slate.com/id/2266025/entry/2266026/

All the data support that conclusion.

http://rodrik.typepad.com/dani_rodriks_weblog/2008/03/american-politi.html

http://crookedtimber.org/2010/09/15/review-jacob-hacker-and-paul-pierson-winner-take-all-politics/

Know better? Leave your own answer in the comments!