Governments responded to the economic crisis with Keynesian abandon. G20 countries ran huge deficits as governments tried to stimulate their economies out of recession. America’s federal deficit hit 83% of GDP in 2009, and the overall debt to GDP went from 62% in 2007 to 99% in 2012.80 In December 2010, economists were talking about a slow recovery in America and an almost nonexistent one in Europe, and they were right.81
Economists also predicted that China would have an 8.6% GDP growth and 11.1% investment growth, with significant growth also predicted for India, the BRICS nations and other parts of the developing world (in particular, Africa). While growth in these economies has not been as robust as expected during the 2010s, most (with the exception of Russia) performed relatively well until around 2016 when significant economic headwinds emerged. These headwinds have varied in nature from country to country (e.g., declining foreign direct investment, serious and credible corruption allegations leading to political uncertainty, growing protectionism). However, most economists believe there has been a shift in the economic order of the world toward the developing world and that is not about to reverse. Initiatives such as China’s One Belt and One Road initiative and its involvement in African development reinforce this.
As slower rates of growth in the developed world became the norm, frustration was building within those countries amongst those who were feeling marginalized and left behind economically. Their economic concerns were coupled with growing fears about immigration, unfair trade, societal norms, and their place in society. While Donald Trump’s “Make America Great Again” campaign provides a window on the U.S. context, Brexit in the UK, and the rise of nationalistic governments elsewhere, for example, Austria, Italy, and Turkey, suggest that this is not an isolated phenomenon. Though Keynesian solutions were quickly applied to triage the 2008 crisis, budgetary discipline at the national level in many countries has been missing in action in the 2018 period. Budgetary deficits are ballooning in a number of countries at a time when most economists would suggest we
should be saving for a rainy day, creating escalating risk for a financial crash.83 For example, the Congressional Budget Office predicts the U.S. deficit to rise to $1 trillion by 2020 and 148% of GDP by 2047.84 This suggests the economic fallout that will accompany the next downturn will be exacerbated due to our level of indebtedness.
Why Work with Us
Top Quality and Well-Researched Papers
Our writers have been trained on how to handle papers placed by our clients. The writer must read and understand before embarking on writing the papers. In case of any issue that needs clarification, writers are encouraged to ask the client or support.
Professional and Experienced Academic Writers
Our team comprises of the best writers and editors. We do thorough vetting during recruitment to make sure that our writers have the knowledge and experience we aspire in the team.
Free Unlimited Revisions
Our aim is to give the client the best outcome. If for some reason you are not satisfied with the wok done, you can ask the paper to be revised or rewritten. This will be done to your satisfaction with no extra charges.
Prompt Delivery and 100% Money-Back-Guarantee
We have writers who work round the clock. This helps in making sure that all our clients’ papers are delivered on time. If we have issues with the deadline, we will ask for extension. If its not possible, the money is fully refunded.
Original & Confidential
Our clients’ confidentiality is highly respected. We can never disclose our clients’ details to third parties. In the same regard, we strive to give our clients 100% original papers. We do not tolerate plagiarism from our writers.
24/7 Customer Support
Clients can reach us any time of the day, and any day of the week. There is a live chat, email or phone numbers to help in ease of communication.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
You should never be worried about your papers even in the middle of the night. Our team will work round the clock to deliver.
We have an able team that can deliver your work in the shortest time possible. The academic level or the type of work should never be a hindrance. Our highly competent support team is always around (24/7) to give you any assistance you may need.
Admission Essays & Business Writing Help
Do you need to be admitted in your dream institution but find it challenging to write an admission essay? Our team is in a position to write the best letter that will guarantee you an admission. We do as well write the best business proposals and reports.
Writing can be fun and enjoyable when everything has been done right. Writing is not just enough without proper editing and proofreading. We have a team of editors that ensure everything falls in place, whether its issues to do with grammar or referencing styles.
Once the paper has been done and submitted, that is not the end of it. You can always ask for amendment or improvement if you feel something has not been done right. Our team of writers and editors will gladly assist you to your satisfaction. Revision is free of charge.