 East, West and the New World Order: Point of ViewMohamed Abdul-Sattar Jaradat
Chapter Chapter 23 in Research on Islamic Business Concepts, 2023, pp 371-378 from Springer Abstract: Abstract The resilience of China's economy is much stronger than that of the United States. The US economy decreased from 2.2% to −3.4% compared to a decline of 5.9% to 2.3% for China during pandemic. Unemployment in the US is 6% higher in 2010 and 2% higher in 2021. General Government Debt has reached 134.2% in 2020 for the US comparing with 68% for China. Inflation rate for China is 4.7% in 2021 and 8% in 2022 for the US. Furthermore, China’s M2 is much higher than the US. On the other hand, Average Economic Growth in the last 22 years is 8.37% for China and 1.79% for the US. China’s Unemployment (Averaged for 22 years) is 4.4% compared to 6% for the US. General Government Debt for the US is higher at the same period and Inflation is less for China. Furthermore, US Dollar is in a big bubble, globalization as we know it is changing, and a new world order at the door. Keywords: Economic growth; Unemployment; Government debt; Money supply; Islamic economy; Capitalism; GDP; Inflation (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-981-99-5118-5_23 Ordering information: This item can be ordered from DOI: 10.1007/978-981-99-5118-5_23 Access Statistics for this chapter More chapters in Springer Proceedings in Business and Economics from Springer |
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